Affordable Housing In Gadsden County
14 Low Income Apartment Communities In Gadsden County
Guide To Affordable Housing in Gadsden County, Florida
There are 14 low income housing apartment communities offering 904 affordable apartments for rent in Gadsden County, Florida.
Income Based Apartments in Gadsden County, Florida
Gadsden County features 523 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 Gadsden County, Florida
There are 194 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gadsden County.
Housing Choice Vouchers in Gadsden County, Florida
On average, Section 8 Housing Choice vouchers pay Gadsden County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Gadsden County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Gadsden County, Florida for a two-bedroom apartment is between $917 and $1,121.
2020 Gadsden County, 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||$771||$829||$1,019||$1,361||$1,478|
|Payment Standard Range||$694 to $848||$746 to $912||$917 to $1,121||$1,225 to $1,497||$1,330 to $1,626|
Sourced from federal housing data and AffordableHousingOnline.com research.
Gadsden County, FL Affordable Housing Snapshot
|Total Affordable Apartment Properties||14|
|Total Low Income Apartments||904|
|Total Housing Units with Rental Assistance||523|
|Percentage of Housing Units Occupied By Renters||29.32%|
|Average Renter Household Size||2.68|
|Average Household Size||2.53|
|Median Household Income||$35,567 ±$2,295|
|Median Rent||$682 ±$22|
|Percentage Of Renters Overburdened||40.27% ± 5.81pp|
Population and Household Demographics
Gadsden County is a county in Florida with a population of 46,424. There are 16,964 households in the county with an average household size of 2.53 persons. 29.32% of households in Gadsden County are renters.
Income and Rent Overburden in Gadsden County
The median gross income for households in Gadsden County is $35,567 a year, or $2,964 a month. The median rent for the county is $682 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Gadsden County, a household making less than $2,273 a month would be considered overburdened when renting an apartment at or above the median rent. 40.27% of households who rent are overburdened in Gadsden County.
Area Median Income In Gadsden County
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.
In Gadsden County, HUD calculates the Area Median Income for a family of four as $72,700
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 Gadsden County
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 Gadsden County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$15,300||$17,450||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$25,450||$29,100||$32,750||$36,350||$39,300||$42,200||$45,100||$48,000|
|80% of Median||$40,750||$46,550||$52,350||$58,150||$62,850||$67,500||$72,150||$76,800|