Affordable Housing In Marathon
Monroe County, Florida

2 Low Income Apartment Communities In Marathon

Eastwind Apartments

240 Sombrero Beach Rd
Marathon, Florida
Subsidized

Sea Grape II

7159 Overseas Hwy
Marathon, Florida
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Section 8 Vouchers, Apartments, and Waiting Lists in Marathon, 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 Marathon, Florida

Housing Authority Programs
Monroe County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Marathon, Florida

There are 2 low income housing apartment communities offering 186 affordable apartments for rent in Marathon, Florida.

Income Based Apartments in Marathon, Florida

Marathon features 130 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 Marathon, Florida

There are 56 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marathon.

Housing Choice Vouchers in Marathon, Florida

On average, Section 8 Housing Choice vouchers pay Marathon landlords $1,100 per month towards rent. The average voucher holder contributes $500 towards rent in Marathon.

The maximum amount a voucher would pay on behalf of a low-income tenant in Marathon, Florida for a two-bedroom apartment is between $1,583 and $1,935.

2022 Marathon, 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
Marathon, Florida Fair Market Rent $1,333 $1,370 $1,759 $2,261 $2,993
Marathon, Florida Payment Standard Range $1,200 to $1,466 $1,233 to $1,507 $1,583 to $1,935 $2,035 to $2,487 $2,694 to $3,292

Sourced from federal housing data and AffordableHousingOnline.com research.

Marathon, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 186
Total Housing Units with Rental Assistance 130
Percentage of Housing Units Occupied By Renters 40.73%
Average Renter Household Size 3.07
Average Household Size 2.75
Median Household Income $47,860 ±$5,635
Median Rent $1,140 ±$74
Percentage Of Renters Overburdened 62.8% ± 9.74pp
Total Population 8,563

Population and Household Demographics

Marathon is a city in Monroe County, Florida with a population of 8,563. There are 3,003 households in the city with an average household size of 2.75 persons. 40.73% of households in Marathon are renters.

Income and Rent Overburden in Marathon

The median gross income for households in Marathon is $47,860 a year, or $3,988 a month. The median rent for the city is $1,140 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Marathon, a household making less than $3,800 a month would be considered overburdened when renting an apartment at or above the median rent. 62.8% of households who rent are overburdened in Marathon.

Area Median Income In Marathon

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 Marathon, the AMI is calculated from all households within Monroe County.

In Marathon, HUD calculates the Area Median Income for a family of four as $84,400

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 Marathon

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 Marathon

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 Marathon AMI may qualify for rental assistance programs that target Extremely Low Income households.
$21,350 $24,400 $27,450 $30,500 $32,950 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Marathon AMI may qualify for rental assistance programs that target Very Low Income households.
$35,600 $40,700 $45,800 $50,850 $54,950 $59,000 $63,100 $67,150
80% AMI Income Limits
Renters earning up to 80% of the Marathon AMI may qualify for rental assistance programs that target Low Income households.
$56,950 $65,100 $73,250 $81,350 $87,900 $94,400 $100,900 $107,400