Public Housing Agencies Serving Lake Worth, 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.

Lake Worth, Florida Affordable Housing Data

Income Based Apartments in Lake Worth, Florida

Lake Worth features 195 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 Lake Worth, Florida

There are 1,127 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lake Worth.

Housing Choice Vouchers in Lake Worth, Florida

On average, Section 8 Housing Choice vouchers pay Lake Worth landlords $1,100 per month towards rent. The average voucher holder contributes $400 towards rent in Lake Worth.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lake Worth, Florida for a two-bedroom apartment is between $1,693 and $2,069.

2023 Lake Worth, 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.

Sourced from federal housing data and AffordableHousingOnline.com research.

Lake Worth, FL Affordable Housing Snapshot

Total Affordable Apartment Properties	8
Total Low Income Apartments	1,322
Total Housing Units with Rental Assistance	195
Percentage of Housing Units Occupied By Renters	50.52%
Average Renter Household Size	3.06
Average Household Size	2.80
Median Household Income	$36,739 ±$1,978
Median Rent	$949 ±$25
Percentage Of Renters Overburdened	61.81% ± 5.57pp
Total Population	36,403

Population and Household Demographics

Lake Worth is a city in Palm Beach County, Florida with a population of 36,403. There are 12,784 households in the city with an average household size of 2.80 persons. 50.52% of households in Lake Worth are renters.

Income and Rent Overburden in Lake Worth

The median gross income for households in Lake Worth is $36,739 a year, or $3,062 a month. The median rent for the city is $949 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lake Worth, a household making less than $3,163 a month would be considered overburdened when renting an apartment at or above the median rent. 61.81% of households who rent are overburdened in Lake Worth.

Area Median Income In Lake Worth

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 Lake Worth, the AMI is calculated from all households within Palm Beach County.

In Lake Worth, HUD calculates the Area Median Income for a family of four as $90,300

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 Lake Worth

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 Lake Worth