Affordable Housing In Wakulla County
Florida


Waiting List Openings In Wakulla County

Waiting ListStatus
North Central Florida Housing Authority Housing Choice Voucher Open Now

3 Low Income Apartment Communities In Wakulla County

Summer Trace CO Parent Mgmt Co

45 Otter Lake Rd
Panacea, FL
62+
Accessible
Disabled Supportive Housing
Subsidized

Wakulla Trace Apartments

3 Celebrity Ln
Crawfordville, FL
Subsidized

Wakulla Trace

47 Michael Dr
Crawfordville, FL
HCV Welcome
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There are 3 low income housing apartment complexes which contain 98 affordable apartments for rent in Wakulla County. Many of these rental apartments are income based housing with 64 apartments that set rent based on your income. In Wakulla County, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 34 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Wakulla County

Housing Authority Programs
North Central Florida Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Other Housing Authorities located in Wakulla County

Housing Authority Programs
Wakulla County Housing Authority

Guide To Affordable Housing in Wakulla County, Florida

Wakulla County, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 98
Total Rent Assisted Apartments 64
Percentage of Housing Units Occupied By Renters 25.19%
Average Renter Household Size 2.79
Total Population 31,128
Housing Units 10,691
Average Household Size 2.57
Median Household Income $50,340 ±$4,378
Median Rent $827 ±$40
Percentage Of Renters Overburdened 39.03% ± 9.15pp

Population and Household Demographics

Wakulla County is a County in Florida with a population of 31,128. There are 10,691 households in the county with an average household size of 2.57 persons. 25.19% of households in Wakulla County are renters.

Income and Rent Overburden in Wakulla County

The median gross income for households in Wakulla County is $50,340 a year, or $4,195 a month. The median rent for the county is $827 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wakulla County, a household making less than $2,757 a month would be considered overburdened when renting an apartment at or above the median rent. 39.03% of households who rent are overburdened in Wakulla County.1

Area Median Income In Wakulla 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 Wakulla County, HUD calculates the Area Median Income for a family of four as $64,700

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 Wakulla 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 Wakulla County HUD Rental Assistance in Wakulla County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,600 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $42,750
50% of Median $22,650 $25,900 $29,150 $32,350 $34,950 $37,550 $40,150 $42,750
80% of Median $36,250 $41,400 $46,600 $51,750 $55,900 $60,050 $64,200 $68,350
Low Income Housing Tax Credits in Wakulla County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2006 to 2006, 1 low income apartment communities containing 34 rental apartments have been constructed and made affordable to low income persons in Wakulla County by the Low Income Housing Tax Credit Program.

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 Wakulla County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $22,650 $25,900 $29,150 $32,350 $34,950 $37,550 $40,150 $42,750
60% of Median $27,180 $31,080 $34,980 $38,820 $41,940 $45,060 $48,180 $51,300

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 Wakulla County is $34,980 a year, or $2,915 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,915 by 30% to get a maximum rent of $875 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% $566 $607 $729 $841 $939 $1,036
60% $680 $728 $875 $1,010 $1,127 $1,244
Fair Market Rents in Wakulla County

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$606 $772 $891 $1,116 $1,411

Cities In Wakulla County

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

City Listings Served By
Panacea 1 The HUD funded Public Housing Agency that serves Panacea is the North Central Florida Housing Authority.
Crawfordville 2 The HUD funded Public Housing Agency that serves Crawfordville is the North Central Florida Housing Authority.
St. Marks 0 The HUD funded Public Housing Agency that serves St. Marks is the North Central Florida Housing Authority.
Sopchoppy 0 The HUD funded Public Housing Agency that serves Sopchoppy is the North Central Florida Housing Authority.