There are 1,414 low-income apartments in Bay County that offer reduced rents to eligible households. Low-income rents in Bay County, Florida can range from $563 to $874 depending on the number of bedrooms.
Rental assistance programs support 1,451 low-income homes in Bay County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $346 towards rent each month.
Affordable rent data for some communities last confirmed on July 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Bay County, Florida Affordable Housing Data
Income Based Apartments in Bay County, Florida
Bay County features 1,451 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 Bay County, Florida
There are 1,414 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bay County.
Housing Choice Vouchers in Bay County, Florida
On average, Section 8 Housing Choice vouchers pay Bay County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Bay County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bay County, Florida for a two-bedroom apartment is between $1,371 and $1,675.
2024 Bay County, 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 | |
|---|---|---|---|---|---|
| Bay County, Florida Fair Market Rent | $1,269 | $1,297 | $1,523 | $2,065 | $2,585 |
| Bay County, Florida Payment Standard Range | $1,142 to $1,396 | $1,167 to $1,427 | $1,371 to $1,675 | $1,859 to $2,272 | $2,327 to $2,844 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Bay County, FL Affordable Housing Snapshot
| Total Affordable Apartment Properties | 199 |
|---|---|
| Total Low Income Apartments | 3,037 |
| Total Housing Units with Rental Assistance | 1,451 |
| Percentage of Housing Units Occupied By Renters | 38.55% |
| Average Renter Household Size | 2.57 |
| Average Household Size | 2.54 |
| Median Household Income | $47,368 ±$1,318 |
| Median Rent | $922 ±$21 |
| Percentage Of Renters Overburdened | 49.45% ± 2.92pp |
| Total Population | 175,353 |
Population and Household Demographics
Bay County is a county in Florida with a population of 175,353. There are 67,922 households in the county with an average household size of 2.54 persons. 38.55% of households in Bay County are renters.
Income and Rent Overburden in Bay County
The median gross income for households in Bay County is $47,368 a year, or $3,947 a month. The median rent for the county is $922 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bay County, a household making less than $3,073 a month would be considered overburdened when renting an apartment at or above the median rent. 49.45% of households who rent are overburdened in Bay County.
Area Median Income In Bay 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 Bay County, HUD calculates the Area Median Income for a family of four as $78,700
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 Bay 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 HUD Rental Assistance in Bay County
| 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 Bay County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$16,550 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Bay County AMI may qualify for rental assistance programs that target Very Low Income households. |
$27,550 | $31,500 | $35,450 | $39,350 | $42,500 | $45,650 | $48,800 | $51,950 |
| 80% AMI Income Limits Renters earning up to 80% of the Bay County AMI may qualify for rental assistance programs that target Low Income households. |
$44,100 | $50,400 | $56,700 | $62,950 | $68,000 | $73,050 | $78,100 | $83,100 |
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