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There are 28 low-income apartments in Atlantic Beach that offer reduced rents to eligible households.
Rental assistance programs support 0 low-income homes in Atlantic Beach where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $356 towards rent each month.
Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Atlantic Beach features 0 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
There are 28 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Atlantic Beach.
On average, Section 8 Housing Choice vouchers pay Atlantic Beach landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Atlantic Beach.
The maximum amount a voucher would pay on behalf of a low-income tenant in Atlantic Beach, Florida for a two-bedroom apartment is between $1,444 and $1,764.
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 | |
---|---|---|---|---|---|
Atlantic Beach, Florida Fair Market Rent | $1,240 | $1,354 | $1,604 | $2,027 | $2,579 |
Atlantic Beach, Florida Payment Standard Range | $1,116 to $1,364 | $1,219 to $1,489 | $1,444 to $1,764 | $1,824 to $2,230 | $2,321 to $2,837 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Total Affordable Apartment Properties | 1 |
---|---|
Total Low Income Apartments | 28 |
Total Housing Units with Rental Assistance | 0 |
Percentage of Housing Units Occupied By Renters | 36.04% |
Average Renter Household Size | 2.34 |
Average Household Size | 2.36 |
Median Household Income | $70,786 ±$4,894 |
Median Rent | $1,152 ±$46 |
Percentage Of Renters Overburdened | 43.77% ± 7.84pp |
Total Population | 12,961 |
Atlantic Beach is a city in Duval County, Florida with a population of 12,961. There are 5,477 households in the city with an average household size of 2.36 persons. 36.04% of households in Atlantic Beach are renters.
The median gross income for households in Atlantic Beach is $70,786 a year, or $5,899 a month. The median rent for the city is $1,152 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Atlantic Beach, a household making less than $3,840 a month would be considered overburdened when renting an apartment at or above the median rent. 43.77% of households who rent are overburdened in Atlantic 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 Atlantic Beach, the AMI is calculated from all households within Duval County.
In Atlantic Beach, HUD calculates the Area Median Income for a family of four as $93,300
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 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.
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 Atlantic Beach AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$18,600 | $21,250 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
50% AMI Income Limits Renters earning up to 50% of the Atlantic Beach AMI may qualify for rental assistance programs that target Very Low Income households. |
$31,000 | $35,400 | $39,850 | $44,250 | $47,800 | $51,350 | $54,900 | $58,450 |
80% AMI Income Limits Renters earning up to 80% of the Atlantic Beach AMI may qualify for rental assistance programs that target Low Income households. |
$49,600 | $56,650 | $63,750 | $70,800 | $76,500 | $82,150 | $87,800 | $93,500 |