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Affordable Housing In Daytona Beach Shores
Volusia County, Florida

Housing Authorities that serve Daytona Beach Shores

Housing Authority Programs
Ormond Beach Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Volusia County Community Assistance Division Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Daytona Beach Shores, Florida

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Daytona Beach Shores, Florida.

Income Based Apartments in Daytona Beach Shores, Florida

Daytona Beach Shores features 0 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 Shores, Florida

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Daytona Beach Shores.

Housing Choice Vouchers in Daytona Beach Shores, Florida

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Daytona Beach Shores, Florida for a two-bedroom apartment is between $1,000 and $1,222.

2020 Daytona Beach Shores, 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 Shores, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 32.09%
Average Renter Household Size 2.02
Average Household Size 1.82
Median Household Income $41,345 ±$4,562
Median Rent $1,047 ±$230
Percentage Of Renters Overburdened 44.24% ± 13.96pp
Total Population 4,294

Population and Household Demographics

Daytona Beach Shores is a city in Volusia County, Florida with a population of 4,294. There are 2,353 households in the city with an average household size of 1.82 persons. 32.09% of households in Daytona Beach Shores are renters.

Income and Rent Overburden in Daytona Beach Shores

The median gross income for households in Daytona Beach Shores is $41,345 a year, or $3,445 a month. The median rent for the city is $1,047 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Daytona Beach Shores, a household making less than $3,490 a month would be considered overburdened when renting an apartment at or above the median rent. 44.24% of households who rent are overburdened in Daytona Beach Shores.

Area Median Income In Daytona Beach Shores

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 Shores, the AMI is calculated from all households within Volusia County.

In Daytona Beach Shores, HUD calculates the Area Median Income for a family of four as $64,900

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 Shores

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 Shores

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,650 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $42,850
50% of Median $22,750 $26,000 $29,250 $32,450 $35,050 $37,650 $40,250 $42,850
80% of Median $36,350 $41,550 $46,750 $51,900 $56,100 $60,250 $64,400 $68,550