Affordable Housing In South Daytona
Volusia County, Florida

1 Low Income Apartment Communities In South Daytona

Luther Hall

2006 S Palmetto Ave
South Daytona, FL
62+
Accessible
Elderly Supportive Housing
Subsidized
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Housing Authorities that serve South Daytona

Housing Authority Programs
New Smyrna Beach Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in South Daytona, Florida

There are 1 low income housing apartment communities offering 40 affordable apartments for rent in South Daytona, Florida. South Daytona features 40 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 South Daytona.

Sourced from federal housing data and AffordableHousingOnline.com research.

South Daytona, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 40
Total Housing Units with Rental Assistance 40
Percentage of Housing Units Occupied By Renters 38.4%
Average Renter Household Size 2.60
Average Household Size 2.41
Median Household Income $32,519 ±$2,960
Median Rent $814 ±$29
Percentage Of Renters Overburdened 66.77% ± 9.73pp
Total Population 12,343

Population and Household Demographics

South Daytona is a City in Volusia County, Florida with a population of 12,343. There are 5,102 households in the city with an average household size of 2.41 persons. 38.4% of households in South Daytona are renters.

Income and Rent Overburden in South Daytona

The median gross income for households in South Daytona is $32,519 a year, or $2,710 a month. The median rent for the city is $814 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In South Daytona, a household making less than $2,713 a month would be considered overburdened when renting an apartment at or above the median rent. 66.77% of households who rent are overburdened in South Daytona.1

Area Median Income In South Daytona

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 South Daytona, the AMI is calculated from all households within Volusia County.

In South Daytona, HUD calculates the Area Median Income for a family of four as $59,100

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 South Daytona

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 South Daytona HUD Rental Assistance in South Daytona

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,850 $16,910 $21,330 $25,750 $30,170 $34,590 $37,950 $40,400
50% of Median $21,450 $24,500 $27,550 $30,600 $33,050 $35,500 $37,950 $40,400
80% of Median $34,300 $39,200 $44,100 $48,950 $52,900 $56,800 $60,700 $64,650

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 South Daytona

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $21,450 $24,500 $27,550 $30,600 $33,050 $35,500 $37,950 $40,400
60% of Median $25,740 $29,400 $33,060 $36,720 $39,660 $42,600 $45,540 $48,480

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 South Daytona is $33,060 a year, or $2,755 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,755 by 30% to get a maximum rent of $827 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% $536 $574 $689 $796 $888 $979
60% $644 $689 $827 $955 $1,065 $1,175
Fair Market Rents in South Daytona

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
$750 $900 $1,111 $1,494 $1,690