Affordable Housing In Homestead
Miami Dade County, Florida

45 Low Income Apartment Communities In Homestead

Seagrape Village

1 NE 12th Ave
Homestead, Florida

South Dade Housing

65 NW 8th St
Homestead, Florida

Meta Homestead Air Reserve Base Transiti

27600 Coral Sea Blvd
Homestead, Florida

Housing Auth City of Homestead

29355 South Federal Highway
Homestead, Florida

Harvest Center

1250 Sw 4th St
Homestead, Florida

Housing Authorities that serve Homestead

Housing Authority Programs
Homestead Housing Authority Section 8 Housing Choice Voucher (HCV)
Miami-Dade Public Housing and Community Development Section 8 Housing Choice Voucher (HCV); Public Housing; Moderate Rehabilitation

Guide To Affordable Housing in Homestead, Florida

There are 45 low income housing apartment communities offering 5,902 affordable apartments for rent in Homestead, Florida.

Income Based Apartments in Homestead, Florida

Homestead features 1,205 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 Homestead, Florida

There are 4,385 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Homestead.

Housing Choice Vouchers in Homestead, Florida

On average, Section 8 Housing Choice vouchers pay Homestead landlords $1,000 per month towards rent. The average voucher holder contributes $400 towards rent in Homestead.

The maximum amount a voucher would pay on behalf of a low-income tenant in Homestead, Florida for a two-bedroom apartment is between $1,396 and $1,706.

2021 Homestead, 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
Homestead, Florida Fair Market Rent $1,057 $1,231 $1,551 $2,068 $2,483
Homestead, Florida Payment Standard Range $951 to $1,163 $1,108 to $1,354 $1,396 to $1,706 $1,861 to $2,275 $2,235 to $2,731

Sourced from federal housing data and AffordableHousingOnline.com research.

Homestead, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 45
Total Low Income Apartments 5,902
Total Housing Units with Rental Assistance 1,205
Percentage of Housing Units Occupied By Renters 60.61%
Average Renter Household Size 3.50
Average Household Size 3.35
Median Household Income $40,959 ±$1,886
Median Rent $1,078 ±$32
Percentage Of Renters Overburdened 63.89% ± 5.31pp
Total Population 64,676

Population and Household Demographics

Homestead is a city in Miami Dade County, Florida with a population of 64,676. There are 19,154 households in the city with an average household size of 3.35 persons. 60.61% of households in Homestead are renters.

Income and Rent Overburden in Homestead

The median gross income for households in Homestead is $40,959 a year, or $3,413 a month. The median rent for the city is $1,078 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Homestead, a household making less than $3,593 a month would be considered overburdened when renting an apartment at or above the median rent. 63.89% of households who rent are overburdened in Homestead.

Area Median Income In Homestead

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 Homestead, the AMI is calculated from all households within Miami Dade County.

In Homestead, HUD calculates the Area Median Income for a family of four as $61,000

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 Homestead

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 Homestead

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 Homestead AMI may qualify for rental assistance programs that target Extremely Low Income households.
$19,000 $21,700 $24,400 $27,100 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Homestead AMI may qualify for rental assistance programs that target Very Low Income households.
$31,650 $36,200 $40,700 $45,200 $48,850 $52,450 $56,050 $59,700
80% AMI Income Limits
Renters earning up to 80% of the Homestead AMI may qualify for rental assistance programs that target Low Income households.
$50,650 $57,850 $65,100 $72,300 $78,100 $83,900 $89,700 $95,450