Affordable Housing In Crescent City
Putnam County, Florida

4 Low Income Apartment Communities In Crescent City

Smith Thomas Court Apartments

849 Bay Lane
Crescent City, Florida
Income Based
2-4 BR

Lakeview Grove

731 Gunby Ct
Crescent City, Florida
Call For Rent
1-2 BR
Subsidized

Oakwood Grove Apartments

627 Gunby Ct
Crescent City, Florida

Smith Thomas Inc.

849 Bay Lane
Crescent City, Florida
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Guide To Affordable Housing in Crescent City, Florida

There are 4 low income housing apartment communities offering 160 affordable apartments for rent in Crescent City, Florida.

Income Based Apartments in Crescent City, Florida

Crescent City features 36 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Crescent City, Florida

There are 72 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Crescent City.

Housing Choice Vouchers in Crescent City, Florida

On average, Section 8 Housing Choice vouchers pay Crescent City landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Crescent City.

The maximum amount a voucher would pay on behalf of a low-income tenant in Crescent City, Florida for a two-bedroom apartment is between $693 and $847.

2022 Crescent City, Florida Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Crescent City, Florida Fair Market Rent $581 $585 $770 $987 $1,095
Crescent City, Florida Payment Standard Range $523 to $639 $527 to $644 $693 to $847 $888 to $1,086 $986 to $1,205

Sourced from federal housing data and AffordableHousingOnline.com research.

Crescent City, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 160
Total Housing Units with Rental Assistance 36
Percentage of Housing Units Occupied By Renters 38.9%
Average Renter Household Size 2.42
Average Household Size 2.38
Median Household Income $26,202 ±$6,407
Median Rent $432 ±$129
Percentage Of Renters Overburdened 40.78% ± 14.09pp
Total Population 1,814

Population and Household Demographics

Crescent City is a city in Putnam County, Florida with a population of 1,814. There are 725 households in the city with an average household size of 2.38 persons. 38.9% of households in Crescent City are renters.

Income and Rent Overburden in Crescent City

The median gross income for households in Crescent City is $26,202 a year, or $2,184 a month. The median rent for the city is $432 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Crescent City, a household making less than $1,440 a month would be considered overburdened when renting an apartment at or above the median rent. 40.78% of households who rent are overburdened in Crescent City.

Area Median Income In Crescent City

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Crescent City, the AMI is calculated from all households within Putnam County.

In Crescent City, HUD calculates the Area Median Income for a family of four as $54,700

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Crescent City

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Crescent City

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Crescent City AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,590 $18,310 $23,030 $27,750 $32,470 $35,250 $37,650 $40,100
50% AMI Income Limits
Renters earning up to 50% of the Crescent City AMI may qualify for rental assistance programs that target Very Low Income households.
$21,250 $24,300 $27,350 $30,350 $32,800 $35,250 $37,650 $40,100
80% AMI Income Limits
Renters earning up to 80% of the Crescent City AMI may qualify for rental assistance programs that target Low Income households.
$34,000 $38,850 $43,700 $48,550 $52,450 $56,350 $60,250 $64,100