Affordable Housing In West Palm Beach
Palm Beach County,
42 Low Income Apartment Communities In West Palm Beach
Housing Authorities that serve West Palm Beach
|West Palm Beach Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Rental Assistance Demonstration (RAD)|
|Palm Beach County Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-Sufficiency; Section 8 Project-Based Rental Assistance (PBRA); Mainstream Voucher|
Guide To Affordable Housing in West Palm Beach, Florida
There are 42 low income housing apartment communities offering 6,540 affordable apartments for rent in West Palm Beach, Florida.
Income Based Apartments in West Palm Beach, Florida
West Palm Beach features 1,682 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 West Palm Beach, Florida
There are 4,858 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in West Palm Beach.
Housing Choice Vouchers in West Palm Beach, Florida
On average, Section 8 Housing Choice vouchers pay West Palm Beach landlords $1,100 per month towards rent. The average voucher holder contributes $400 towards rent in West Palm Beach.
The maximum amount a voucher would pay on behalf of a low-income tenant in West Palm Beach, Florida for a two-bedroom apartment is between $1,355 and $1,657.
2020 West Palm Beach, 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||$1,015||$1,208||$1,506||$2,043||$2,422|
|Payment Standard Range||$914 to $1,117||$1,087 to $1,329||$1,355 to $1,657||$1,839 to $2,247||$2,180 to $2,664|
Sourced from federal housing data and AffordableHousingOnline.com research.
West Palm Beach, FL Affordable Housing Snapshot
|Total Affordable Apartment Properties||42|
|Total Low Income Apartments||6,540|
|Total Housing Units with Rental Assistance||1,682|
|Percentage of Housing Units Occupied By Renters||51.18%|
|Average Renter Household Size||2.51|
|Average Household Size||2.43|
|Median Household Income||$45,800 ±$1,471|
|Median Rent||$1,063 ±$18|
|Percentage Of Renters Overburdened||54.28% ± 2.95pp|
Population and Household Demographics
West Palm Beach is a city in Palm Beach County, Florida with a population of 103,588. There are 41,474 households in the city with an average household size of 2.43 persons. 51.18% of households in West Palm Beach are renters.
Income and Rent Overburden in West Palm Beach
The median gross income for households in West Palm Beach is $45,800 a year, or $3,817 a month. The median rent for the city is $1,063 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In West Palm Beach, a household making less than $3,543 a month would be considered overburdened when renting an apartment at or above the median rent. 54.28% of households who rent are overburdened in West Palm Beach.
Area Median Income In West Palm Beach
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 West Palm Beach, the AMI is calculated from all households within Palm Beach County.
In West Palm Beach, HUD calculates the Area Median Income for a family of four as $79,100
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 West Palm Beach
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 West Palm Beach
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$18,450||$21,100||$23,750||$26,350||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$30,750||$35,150||$39,550||$43,900||$47,450||$50,950||$54,450||$57,950|
|80% of Median||$49,200||$56,200||$63,250||$70,250||$75,900||$81,500||$87,150||$92,750|