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There are 80 low-income apartments in DeFuniak Springs that offer reduced rents to eligible households.
Rental assistance programs support 172 low-income homes in DeFuniak Springs where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $359 towards rent each month.
Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving DeFuniak Springs, Florida
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.
| Housing Authority | Programs |
|---|---|
| Walton County Housing Authority | Section 8 Housing Choice Voucher (HCV) |
DeFuniak Springs, Florida Affordable Housing Data
Income Based Apartments in DeFuniak Springs, Florida
DeFuniak Springs features 172 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 DeFuniak Springs, Florida
There are 80 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in DeFuniak Springs.
Housing Choice Vouchers in DeFuniak Springs, Florida
On average, Section 8 Housing Choice vouchers pay DeFuniak Springs landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in DeFuniak Springs.
The maximum amount a voucher would pay on behalf of a low-income tenant in DeFuniak Springs, Florida for a two-bedroom apartment is between $1,072 and $1,310.
2024 DeFuniak Springs, 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 | |
|---|---|---|---|---|---|
| DeFuniak Springs, Florida Fair Market Rent | $944 | $1,061 | $1,191 | $1,598 | $1,972 |
| DeFuniak Springs, Florida Payment Standard Range | $850 to $1,038 | $955 to $1,167 | $1,072 to $1,310 | $1,438 to $1,758 | $1,775 to $2,169 |
Sourced from federal housing data and AffordableHousingOnline.com research.
DeFuniak Springs, FL Affordable Housing Snapshot
| Total Affordable Apartment Properties | 6 |
|---|---|
| Total Low Income Apartments | 253 |
| Total Housing Units with Rental Assistance | 172 |
| Percentage of Housing Units Occupied By Renters | 36.46% |
| Average Renter Household Size | 2.62 |
| Average Household Size | 2.56 |
| Median Household Income | $28,675 ±$2,570 |
| Median Rent | $713 ±$273 |
| Percentage Of Renters Overburdened | 45.38% ± 15.84pp |
| Total Population | 5,543 |
Population and Household Demographics
DeFuniak Springs is a city in Walton County, Florida with a population of 5,543. There are 2,109 households in the city with an average household size of 2.56 persons. 36.46% of households in DeFuniak Springs are renters.
Income and Rent Overburden in DeFuniak Springs
The median gross income for households in DeFuniak Springs is $28,675 a year, or $2,390 a month. The median rent for the city is $713 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In DeFuniak Springs, a household making less than $2,377 a month would be considered overburdened when renting an apartment at or above the median rent. 45.38% of households who rent are overburdened in DeFuniak Springs.
Area Median Income In DeFuniak Springs
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 DeFuniak Springs, the AMI is calculated from all households within Walton County.
In DeFuniak Springs, HUD calculates the Area Median Income for a family of four as $93,700
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 DeFuniak Springs
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 DeFuniak Springs
| 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 DeFuniak Springs AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$17,300 | $19,800 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the DeFuniak Springs AMI may qualify for rental assistance programs that target Very Low Income households. |
$28,850 | $33,000 | $37,100 | $41,200 | $44,500 | $47,800 | $51,100 | $54,400 |
| 80% AMI Income Limits Renters earning up to 80% of the DeFuniak Springs AMI may qualify for rental assistance programs that target Low Income households. |
$46,150 | $52,750 | $59,350 | $65,900 | $71,200 | $76,450 | $81,750 | $87,000 |
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