Low Income Apartments and Affordable Housing For Rent in Eastpoint, FL

Discover affordable housing in Eastpoint where there are 2+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Eastpoint Apartments Rrh

45 Begonia St, Eastpoint, Florida 32328

Eastpoint Apartments

300 Begonia St, Eastpoint, Florida 32328

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Eastpoint, Florida
$17.31/hour
$5.31 (+44%) more than Florida minimum wage and $10.06 (+139%) more than the Federal minimum wage.
Learn More About Eastpoint, Florida Affordable Housing ↓

How many renters live in Eastpoint, Florida?

The City of Eastpoint has 2,624 people living in 1,046 households.

There are 305 renters living in 194 renter households in this City. Renters make up 11.62 percent of the population living in Eastpoint.

What is the rental market like in Eastpoint, Florida?

There are an estimated 1,259 housing units in the Eastpoint area. Of these, 194 units are rental homes, making up 15 percent of the housing market. For every renter household in Eastpoint, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Eastpoint?

The rental vacancy rate in Eastpoint is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Eastpoint for each bedroom size?

Occupied Rental Units by Size in Eastpoint
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 64 95 20 15
Occupied Rental Units by Size in Eastpoint

A large number of apartments in Eastpoint have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Eastpoint are overburdened by housing costs?

Among renter households in this market, 65 percent have housing cost burden. Further, 36 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Eastpoint

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $792 to $1,277. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $792
One BR $814
Two BR $914
Three BR $1,273
Four BR $1,277
2024 Fair Market Rents in Eastpoint, Florida

How many units are rented at Fair Market Rent (FMR) in Eastpoint?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
One BR 14 22 percent
Two BR 82 86 percent
Rental Units Below FMR in Eastpoint, Florida

How many affordable rental units are in Eastpoint?

There are a variety of federal affordable housing programs serving households in Eastpoint, Florida including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 30
USDA Section 515 Rural Rental Housing 30
Tracked Units by Federal Program in Eastpoint, Florida

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Eastpoint, Florida

Eastpoint features 30 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 Eastpoint, Florida

There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Eastpoint.

Housing Choice Vouchers in Eastpoint, Florida

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Eastpoint, Florida for a two-bedroom apartment is between $823 and $1,005.

Sourced from federal housing data and AffordableHousingOnline.com research.