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Affordable Housing In Palatka
Putnam County, Florida

20 Low Income Apartment Communities In Palatka

Cherry Tree II Apartments

208 Zeagler Dr
Palatka, Florida
Accepts Vouchers

Scattered Sites

2600 Campbell St
Palatka, Florida

Scattered Sites

1400 Eagle St
Palatka, Florida

Rosa Ragsdale

2100 Bronson St
Palatka, Florida

Rosa Ragsdale

5108 Ragsdale Dr
Palatka, Florida

Annie M Spell Senior Community

3310 Crill Ave
Palatka, Florida

Grand Pines

2501 Prosper St
Palatka, Florida
Accepts Vouchers

Woodland Point

6710 Saint Johns Ave
Palatka, Florida
Accepts Vouchers

Kay Larkin Apartments

305 Kay Larkin Dr
Palatka, Florida
Accepts Vouchers

St. Johns River Apt

3421 St. Johns Ave.
Palatka, Florida

Housing Authorities that serve Palatka

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

Guide To Affordable Housing in Palatka, Florida

There are 20 low income housing apartment communities offering 1,219 affordable apartments for rent in Palatka, Florida.

Income Based Apartments in Palatka, Florida

Palatka features 758 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 Palatka, Florida

There are 461 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Palatka.

Housing Choice Vouchers in Palatka, Florida

On average, Section 8 Housing Choice vouchers pay Palatka landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Palatka.

The maximum amount a voucher would pay on behalf of a low-income tenant in Palatka, Florida for a two-bedroom apartment is between $653 and $799.

2020 Palatka, 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 $620 $638 $726 $967 $983
Payment Standard Range $558 to $682 $574 to $702 $653 to $799 $870 to $1,064 $885 to $1,081

Sourced from federal housing data and research.

Palatka, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 20
Total Low Income Apartments 1,219
Total Housing Units with Rental Assistance 758
Percentage of Housing Units Occupied By Renters 54.14%
Average Renter Household Size 2.51
Average Household Size 2.57
Median Household Income $20,837 ±$3,752
Median Rent $565 ±$39
Percentage Of Renters Overburdened 59.17% ± 11.8pp
Total Population 10,414

Population and Household Demographics

Palatka is a city in Putnam County, Florida with a population of 10,414. There are 3,827 households in the city with an average household size of 2.57 persons. 54.14% of households in Palatka are renters.

Income and Rent Overburden in Palatka

The median gross income for households in Palatka is $20,837 a year, or $1,736 a month. The median rent for the city is $565 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Palatka, a household making less than $1,883 a month would be considered overburdened when renting an apartment at or above the median rent. 59.17% of households who rent are overburdened in Palatka.

Area Median Income In Palatka

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 Palatka, the AMI is calculated from all households within Putnam County.

In Palatka, HUD calculates the Area Median Income for a family of four as $41,600

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 Palatka

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 Palatka

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