Lake Park, Georgia Affordable Housing

Affordable Housing programs support 103 income based apartments in Lake Park where households pay rent based on how much they earn.

There are 200 affordable apartments in Lake Park that offer reduced rents to low-income households.

Waiting Lists in Lake Park, Georgia

There are no open Section 8 Housing Choice Voucher waiting lists in Lake Park. Go to the Georgia Section 8 Waiting Lists page for openings near Lake Park.

Lakeview Gardens

2045 Casamonica Dive
Lake Park, Georgia
Affordable

Hillmont Apartments

7069 Lakes Blvd.
Lake Park, Georgia
Affordable

Lake Park Apartments

805 Lane Dr
Lake Park, Georgia
Rent Assisted

Francis Lake Apartments I

939 Lakes Blvd
Lake Park, Georgia
Affordable

Brookhaven Apartments

4740 Brookhaven Ct
Lake Park, Georgia
Affordable

Arbor Trace Apartments Phase II

4700 Rolling Pine Dr
Lake Park, Georgia
Rent Assisted

Brookhaven Tc Lake Park

4741 Rolling Pine Dr
Lake Park, Georgia
Affordable
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Affordable Housing Near Lake Park

View affordable apartments and waiting lists in cities near Lake Park

City Apartments
Valdosta, GA Affordable Housing programs support 17 apartment communities in Valdosta.
Hahira, GA Affordable Housing programs support 5 apartment communities in Hahira.

Public Housing Agencies Serving Lake Park, Georgia

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Waiting lists for project-based assistance, like the Public Housing program, are open:

Housing Authority Programs
Georgia Department of Community Affairs Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV)
Go to the Georgia Public Housing and Low-Income Apartments Waiting Lists page for openings near Lake Park.

Lake Park, Georgia Affordable Housing Data

Income Based Apartments in Lake Park, Georgia

Lake Park features 103 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 Lake Park, Georgia

There are 200 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lake Park.

Housing Choice Vouchers in Lake Park, Georgia

On average, Section 8 Housing Choice vouchers pay Lake Park landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lake Park.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lake Park, Georgia for a two-bedroom apartment is between $806 and $985.

2023 Lake Park, Georgia 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
Lake Park, Georgia Fair Market Rent $680 $685 $895 $1,219 $1,411
Lake Park, Georgia Payment Standard Range $612 to $748 $617 to $754 $806 to $985 $1,097 to $1,341 $1,270 to $1,552

Sourced from federal housing data and AffordableHousingOnline.com research.

Lake Park, GA Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 303
Total Housing Units with Rental Assistance 103
Percentage of Housing Units Occupied By Renters 40.43%
Average Renter Household Size 3.17
Average Household Size 2.88
Median Household Income $43,661 ±$11,470
Median Rent $742 ±$178
Percentage Of Renters Overburdened 46.67% ± 14.19pp
Total Population 1,070

Population and Household Demographics

Lake Park is a city in Lowndes County, Georgia with a population of 1,070. There are 371 households in the city with an average household size of 2.88 persons. 40.43% of households in Lake Park are renters.

Income and Rent Overburden in Lake Park

The median gross income for households in Lake Park is $43,661 a year, or $3,638 a month. The median rent for the city is $742 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lake Park, a household making less than $2,473 a month would be considered overburdened when renting an apartment at or above the median rent. 46.67% of households who rent are overburdened in Lake Park.

Area Median Income In Lake Park

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 Lake Park, the AMI is calculated from all households within Lowndes County.

In Lake Park, HUD calculates the Area Median Income for a family of four as $63,700

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 Lake Park

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 Lake Park

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 Lake Park AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,590 $18,310 $23,030 $27,750 $32,470 $37,190 $39,750 $42,350
50% AMI Income Limits
Renters earning up to 50% of the Lake Park AMI may qualify for rental assistance programs that target Very Low Income households.
$22,450 $25,650 $28,850 $32,050 $34,650 $37,200 $39,750 $42,350
80% AMI Income Limits
Renters earning up to 80% of the Lake Park AMI may qualify for rental assistance programs that target Low Income households.
$35,950 $41,050 $46,200 $51,300 $55,450 $59,550 $63,650 $67,750