Affordable Housing In Niceville
Okaloosa County, Florida

2 Low Income Apartment Communities In Niceville

Partin Heights

207 Camellia Pl
Niceville, FL

Wildwood

400 Kelly Rd
Niceville, FL
Subsidized
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Housing Authorities that serve Niceville

Housing Authority Programs
Niceville Housing Authority Public Housing
Fort Walton Beach Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Niceville, Florida

According to federal housing data and AffordableHousingOnline.com research, there are 2 low income housing apartment communities offering 161 affordable apartments for rent in Niceville, Florida. Niceville features 161 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Niceville.

Niceville, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 161
Total Housing Units with Rental Assistance 161
Percentage of Housing Units Occupied By Renters 31.54%
Average Renter Household Size 2.75
Average Household Size 2.56
Median Household Income $58,954 ±$5,014
Median Rent $949 ±$56
Percentage Of Renters Overburdened 53.67% ± 12.76pp
Total Population 13,929

Population and Household Demographics

Niceville is a City in Okaloosa County, Florida with a population of 13,929. There are 5,441 households in the city with an average household size of 2.56 persons. 31.54% of households in Niceville are renters.

Income and Rent Overburden in Niceville

The median gross income for households in Niceville is $58,954 a year, or $4,913 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 Niceville, a household making less than $3,163 a month would be considered overburdened when renting an apartment at or above the median rent. 53.67% of households who rent are overburdened in Niceville.1

Area Median Income In Niceville

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 Niceville, the AMI is calculated from all households within Okaloosa County.

In Niceville, HUD calculates the Area Median Income for a family of four as $75,800

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 Niceville

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 Niceville HUD Rental Assistance in Niceville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,200 $17,350 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,300 $28,900 $32,500 $36,100 $39,000 $41,900 $44,800 $47,700
80% of Median $40,450 $46,200 $52,000 $57,750 $62,400 $67,000 $71,650 $76,250

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Niceville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $25,300 $28,900 $32,500 $36,100 $39,000 $41,900 $44,800 $47,700
60% of Median $30,360 $34,680 $39,000 $43,320 $46,800 $50,280 $53,760 $57,240

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Niceville is $39,000 a year, or $3,250 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,250 by 30% to get a maximum rent of $975 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $633 $678 $813 $939 $1,048 $1,156
60% $759 $813 $975 $1,127 $1,257 $1,388
Fair Market Rents in Niceville

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$941 $947 $1,116 $1,528 $1,959