Affordable Housing In Daytona Beach
24 Low Income Apartment Communities In Daytona Beach
Housing Authorities that serve Daytona Beach
|Daytona Beach Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
|New Smyrna Beach Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
|Ormond Beach Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Daytona Beach, Florida
There are 24 low income housing apartment communities offering 3,079 affordable apartments for rent in Daytona Beach, Florida.
Income Based Apartments in Daytona Beach, Florida
Daytona Beach features 1,605 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 Daytona Beach, Florida
There are 1,474 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Daytona Beach.
Housing Choice Vouchers in Daytona Beach, Florida
On average, Section 8 Housing Choice vouchers pay Daytona Beach landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Daytona Beach.
The maximum amount a voucher would pay on behalf of a low-income tenant in Daytona Beach, Florida for a two-bedroom apartment is between $1,000 and $1,222.
2020 Daytona Beach, 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|
|Fair Market Rent||$750||$900||$1,111||$1,494||$1,690|
|Payment Standard Range||$675 to $825||$810 to $990||$1,000 to $1,222||$1,345 to $1,643||$1,521 to $1,859|
Sourced from federal housing data and AffordableHousingOnline.com research.
Daytona Beach, FL Affordable Housing Snapshot
|Total Affordable Apartment Properties||24|
|Total Low Income Apartments||3,079|
|Total Housing Units with Rental Assistance||1,605|
|Percentage of Housing Units Occupied By Renters||55.41%|
|Average Renter Household Size||2.19|
|Average Household Size||2.20|
|Median Household Income||$27,901 ±$1,591|
|Median Rent||$761 ±$18|
|Percentage Of Renters Overburdened||56.87% ± 4.21pp|
Population and Household Demographics
Daytona Beach is a City in Volusia County, Florida with a population of 62,726. There are 26,998 households in the city with an average household size of 2.20 persons. 55.41% of households in Daytona Beach are renters.
Income and Rent Overburden in Daytona Beach
The median gross income for households in Daytona Beach is $27,901 a year, or $2,325 a month. The median rent for the city is $761 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Daytona Beach, a household making less than $2,537 a month would be considered overburdened when renting an apartment at or above the median rent. 56.87% of households who rent are overburdened in Daytona Beach.1
Area Median Income In Daytona Beach
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 Daytona Beach, the AMI is calculated from all households within Volusia County.
In Daytona Beach, HUD calculates the Area Median Income for a family of four as $59,100
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 Daytona Beach
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 Daytona Beach
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$12,850||$16,910||$21,330||$25,750||$30,170||$34,590||$37,950||$40,400|
|50% of Median||$21,450||$24,500||$27,550||$30,600||$33,050||$35,500||$37,950||$40,400|
|80% of Median||$34,300||$39,200||$44,100||$48,950||$52,900||$56,800||$60,700||$64,650|