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Affordable Housing In Lafayette County

1 Low Income Apartment Communities In Lafayette County

Lafayette Apartments

176 SE Land Ave
Mayo, Florida
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Guide To Affordable Housing in Lafayette County, Florida

There are 1 low income housing apartment communities offering 36 affordable apartments for rent in Lafayette County, Florida.

Income Based Apartments in Lafayette County, Florida

Lafayette County features 36 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 Lafayette County, Florida

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

Housing Choice Vouchers in Lafayette County, Florida

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Lafayette County, Florida for a two-bedroom apartment is between $725 and $887.

2020 Lafayette 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 $688 $708 $806 $1,048 $1,161
Payment Standard Range $619 to $757 $637 to $779 $725 to $887 $943 to $1,153 $1,045 to $1,277

Sourced from federal housing data and research.

Lafayette County, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 36
Total Housing Units with Rental Assistance 36
Percentage of Housing Units Occupied By Renters 19.74%
Average Renter Household Size 2.65
Average Household Size 2.81
Median Household Income $35,864 ±$8,175
Median Rent $548 ±$223
Percentage Of Renters Overburdened 33.74% ± 11.97pp
Total Population 8,801

Population and Household Demographics

Lafayette County is a county in Florida with a population of 8,801. There are 2,493 households in the county with an average household size of 2.81 persons. 19.74% of households in Lafayette County are renters.

Income and Rent Overburden in Lafayette County

The median gross income for households in Lafayette County is $35,864 a year, or $2,989 a month. The median rent for the county is $548 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lafayette County, a household making less than $1,827 a month would be considered overburdened when renting an apartment at or above the median rent. 33.74% of households who rent are overburdened in Lafayette County.

Area Median Income In Lafayette 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 Lafayette County, HUD calculates the Area Median Income for a family of four as $60,100

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 Lafayette 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 Lafayette County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,760 $17,240 $21,720 $26,200 $30,150 $32,400 $34,600 $36,850
50% of Median $19,550 $22,350 $25,150 $27,900 $30,150 $32,400 $34,600 $36,850
80% of Median $31,250 $35,700 $40,150 $44,600 $48,200 $51,750 $55,350 $58,900

Cities In Lafayette County

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