Affordable Housing In Fernandina Beach
Nassau County, Florida

7 Low Income Apartment Communities In Fernandina Beach

Post Oak Apartments

996 Citrona Drive
Fernandina Beach, Florida
$732-747
1-2 BR

Sandridge Apartments

2021 Jasmine Street
Fernandina Beach, Florida
$691-744
1-2 BR
Subsidized

Countryside Apartments

1105 S 13th Street
Fernandina Beach, Florida
$730-850
1-2 BR
Subsidized

Buccaneer Villas Apartments

1100 Lime St
Fernandina Beach, Florida
Income Based
2 BR
Subsidized

Nassau Club Apartments

95150 Woodbridge Pkwy
Fernandina Beach, Florida

Fernandina Bch Apartments

1316 Hickory St
Fernandina Beach, Florida

Murray Hill Apts

1655 Lime Street
Fernandina Beach, Florida
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Section 8 Vouchers, Apartments, and Waiting Lists in Fernandina Beach, Florida

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Fernandina Beach, Florida

Housing Authority Programs
Housing Authority of City of Fernandina Beach Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Fernandina Beach, Florida

There are 7 low income housing apartment communities offering 497 affordable apartments for rent in Fernandina Beach, Florida.

Income Based Apartments in Fernandina Beach, Florida

Fernandina Beach features 264 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 Fernandina Beach, Florida

There are 233 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fernandina Beach.

Housing Choice Vouchers in Fernandina Beach, Florida

On average, Section 8 Housing Choice vouchers pay Fernandina Beach landlords $1,000 per month towards rent. The average voucher holder contributes $300 towards rent in Fernandina Beach.

The maximum amount a voucher would pay on behalf of a low-income tenant in Fernandina Beach, Florida for a two-bedroom apartment is between $1,173 and $1,433.

2023 Fernandina 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
Fernandina Beach, Florida Fair Market Rent $954 $1,102 $1,303 $1,676 $2,123
Fernandina Beach, Florida Payment Standard Range $859 to $1,049 $992 to $1,212 $1,173 to $1,433 $1,508 to $1,844 $1,911 to $2,335

Sourced from federal housing data and AffordableHousingOnline.com research.

Fernandina Beach, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 497
Total Housing Units with Rental Assistance 264
Percentage of Housing Units Occupied By Renters 33.26%
Average Renter Household Size 2.15
Average Household Size 2.18
Median Household Income $52,448 ±$4,299
Median Rent $1,126 ±$63
Percentage Of Renters Overburdened 47.9% ± 12.82pp
Total Population 11,990

Population and Household Demographics

Fernandina Beach is a city in Nassau County, Florida with a population of 11,990. There are 5,367 households in the city with an average household size of 2.18 persons. 33.26% of households in Fernandina Beach are renters.

Income and Rent Overburden in Fernandina Beach

The median gross income for households in Fernandina Beach is $52,448 a year, or $4,371 a month. The median rent for the city is $1,126 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fernandina Beach, a household making less than $3,753 a month would be considered overburdened when renting an apartment at or above the median rent. 47.9% of households who rent are overburdened in Fernandina Beach.

Area Median Income In Fernandina 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 Fernandina Beach, the AMI is calculated from all households within Nassau County.

In Fernandina Beach, HUD calculates the Area Median Income for a family of four as $86,500

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 Fernandina 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 Fernandina Beach

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 Fernandina Beach AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,600 $20,100 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Fernandina Beach AMI may qualify for rental assistance programs that target Very Low Income households.
$29,300 $33,450 $37,650 $41,800 $45,150 $48,500 $51,850 $55,200
80% AMI Income Limits
Renters earning up to 80% of the Fernandina Beach AMI may qualify for rental assistance programs that target Low Income households.
$46,850 $53,550 $60,250 $66,900 $72,300 $77,650 $83,000 $88,350