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Affordable Housing In Okeechobee County

5 Low Income Apartment Communities In Okeechobee County

Okeechobee Commons

402 NW 10th St
Okeechobee, Florida

Laurel Oaks Senior Apartments

1801 NW 3rd Lane
Okeechobee, Florida
Accepts Vouchers

El Mira Sol Gardens 01hr029

3317 NW 5th St
Okeechobee, Florida
Accepts Vouchers

Oaks at Shannons Crossing

833 US Highway 441 SE
Okeechobee, Florida
Accepts Vouchers

Tanglewood Apts.

420 Nw 9th Street
Okeechobee, Florida
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Guide To Affordable Housing in Okeechobee County, Florida

There are 5 low income housing apartment communities offering 255 affordable apartments for rent in Okeechobee County, Florida.

Income Based Apartments in Okeechobee County, Florida

Okeechobee County features 60 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 Okeechobee County, Florida

There are 195 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Okeechobee County.

Housing Choice Vouchers in Okeechobee County, Florida

On average, Section 8 Housing Choice vouchers pay Okeechobee County landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Okeechobee County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Okeechobee County, Florida for a two-bedroom apartment is between $751 and $917.

2020 Okeechobee 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 $673 $678 $834 $1,110 $1,202
Payment Standard Range $606 to $740 $610 to $746 $751 to $917 $999 to $1,221 $1,082 to $1,322

Sourced from federal housing data and research.

Okeechobee County, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 255
Total Housing Units with Rental Assistance 60
Percentage of Housing Units Occupied By Renters 29.26%
Average Renter Household Size 3.06
Average Household Size 2.77
Median Household Income $35,405 ±$1,546
Median Rent $694 ±$41
Percentage Of Renters Overburdened 44.93% ± 5.18pp
Total Population 39,255

Population and Household Demographics

Okeechobee County is a county in Florida with a population of 39,255. There are 13,046 households in the county with an average household size of 2.77 persons. 29.26% of households in Okeechobee County are renters.

Income and Rent Overburden in Okeechobee County

The median gross income for households in Okeechobee County is $35,405 a year, or $2,950 a month. The median rent for the county is $694 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Okeechobee County, a household making less than $2,313 a month would be considered overburdened when renting an apartment at or above the median rent. 44.93% of households who rent are overburdened in Okeechobee County.

Area Median Income In Okeechobee 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 Okeechobee County, HUD calculates the Area Median Income for a family of four as $48,500

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 Okeechobee 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 Okeechobee 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 $28,550 $30,650 $32,750 $34,850
50% of Median $18,500 $21,150 $23,800 $26,400 $28,550 $30,650 $32,750 $34,850
80% of Median $29,600 $33,800 $38,050 $42,250 $45,650 $49,050 $52,400 $55,800

Cities In Okeechobee County

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Cypress Quarters
Taylor Creek