Affordable Housing In Saint Petersburg
50 Low Income Apartment Communities In Saint Petersburg
Housing Authorities that serve Saint Petersburg
|St Petersburg Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV)|
|Pinellas County Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH)|
Guide To Affordable Housing in Saint Petersburg, Florida
There are 50 low income housing apartment communities offering 4,034 affordable apartments for rent in Saint Petersburg, Florida.
Income Based Apartments in Saint Petersburg, Florida
Saint Petersburg features 2,773 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 Saint Petersburg, Florida
There are 1,013 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Saint Petersburg.
Housing Choice Vouchers in Saint Petersburg, Florida
On average, Section 8 Housing Choice vouchers pay Saint Petersburg landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Saint Petersburg.
The maximum amount a voucher would pay on behalf of a low-income tenant in Saint Petersburg, Florida for a two-bedroom apartment is between $1,144 and $1,398.
2021 Saint Petersburg, 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|
|Saint Petersburg, Florida Fair Market Rent||$989||$1,040||$1,271||$1,651||$2,028|
|Saint Petersburg, Florida Payment Standard Range||$890 to $1,088||$936 to $1,144||$1,144 to $1,398||$1,486 to $1,816||$1,825 to $2,231|
Sourced from federal housing data and AffordableHousingOnline.com research.
Saint Petersburg, FL Affordable Housing Snapshot
|Total Affordable Apartment Properties||50|
|Total Low Income Apartments||4,034|
|Total Housing Units with Rental Assistance||2,773|
|Percentage of Housing Units Occupied By Renters||42.69%|
|Average Renter Household Size||2.21|
|Average Household Size||2.32|
|Median Household Income||$45,748 ±$946|
|Median Rent||$934 ±$16|
|Percentage Of Renters Overburdened||50.13% ± 1.9pp|
Population and Household Demographics
Saint Petersburg is a city in Pinellas County, Florida with a population of 250,713. There are 105,443 households in the city with an average household size of 2.32 persons. 42.69% of households in Saint Petersburg are renters.
Income and Rent Overburden in Saint Petersburg
The median gross income for households in Saint Petersburg is $45,748 a year, or $3,812 a month. The median rent for the city is $934 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Saint Petersburg, a household making less than $3,113 a month would be considered overburdened when renting an apartment at or above the median rent. 50.13% of households who rent are overburdened in Saint Petersburg.
Area Median Income In Saint Petersburg
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 Saint Petersburg, the AMI is calculated from all households within Pinellas County.
In Saint Petersburg, HUD calculates the Area Median Income for a family of four as $72,700
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 Saint Petersburg
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 Saint Petersburg
|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 Saint Petersburg AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Saint Petersburg AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Saint Petersburg AMI may qualify for rental assistance programs that target Low Income households.