Port St. Lucie, Florida Affordable Housing Data
Income Based Apartments in Port St. Lucie, Florida
Port St. Lucie features 0 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 Port St. Lucie, Florida
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Port St. Lucie.
Housing Choice Vouchers in Port St. Lucie, Florida
On average, Section 8 Housing Choice vouchers pay Port St. Lucie landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Port St. Lucie.
The maximum amount a voucher would pay on behalf of a low-income tenant in Port St. Lucie, Florida for a two-bedroom apartment is between $1,416 and $1,730.
2024 Port St. Lucie, 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 | |
|---|---|---|---|---|---|
| Port St. Lucie, Florida Fair Market Rent | $1,278 | $1,286 | $1,573 | $2,175 | $2,433 |
| Port St. Lucie, Florida Payment Standard Range | $1,150 to $1,406 | $1,157 to $1,415 | $1,416 to $1,730 | $1,958 to $2,393 | $2,190 to $2,676 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Port St. Lucie, FL Affordable Housing Snapshot
| Total Affordable Apartment Properties | 0 |
|---|---|
| Total Low Income Apartments | 0 |
| Total Housing Units with Rental Assistance | 0 |
| Percentage of Housing Units Occupied By Renters | 22.65% |
| Average Renter Household Size | 3.38 |
| Average Household Size | 2.89 |
| Median Household Income | $49,813 ±$1,850 |
| Median Rent | $1,175 ±$32 |
| Percentage Of Renters Overburdened | 60.63% ± 5.84pp |
| Total Population | 172,054 |
Population and Household Demographics
Port St. Lucie is a city in St Lucie County, Florida with a population of 172,054. There are 59,221 households in the city with an average household size of 2.89 persons. 22.65% of households in Port St. Lucie are renters.
Income and Rent Overburden in Port St. Lucie
The median gross income for households in Port St. Lucie is $49,813 a year, or $4,151 a month. The median rent for the city is $1,175 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Port St. Lucie, a household making less than $3,917 a month would be considered overburdened when renting an apartment at or above the median rent. 60.63% of households who rent are overburdened in Port St. Lucie.
Area Median Income In Port St. Lucie
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 Port St. Lucie, the AMI is calculated from all households within St Lucie County.
In Port St. Lucie, HUD calculates the Area Median Income for a family of four as $84,800
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 Port St. Lucie
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 Port St. Lucie
| 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 Port St. Lucie AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$17,800 | $20,350 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Port St. Lucie AMI may qualify for rental assistance programs that target Very Low Income households. |
$29,650 | $33,900 | $38,150 | $42,350 | $45,750 | $49,150 | $52,550 | $55,950 |
| 80% AMI Income Limits Renters earning up to 80% of the Port St. Lucie AMI may qualify for rental assistance programs that target Low Income households. |
$47,450 | $54,200 | $61,000 | $67,750 | $73,200 | $78,600 | $84,050 | $89,450 |
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