Ridgecrest Manor Apartments
DeBary Villas Apartments
Water Oak Apartments
There are 4,015 low-income apartments in Volusia County that offer reduced rents to eligible households.
Rental assistance programs support 4,918 low-income homes in Volusia County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $358 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 Volusia County, 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 |
|---|---|
| Volusia County Community Assistance Division | Section 8 Housing Choice Voucher (HCV); Public Housing |
Volusia County, Florida Affordable Housing Data
Income Based Apartments in Volusia County, Florida
Volusia County features 4,918 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 Volusia County, Florida
There are 4,015 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Volusia County.
Housing Choice Vouchers in Volusia County, Florida
On average, Section 8 Housing Choice vouchers pay Volusia County landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Volusia County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Volusia County, Florida for a two-bedroom apartment is between $1,272 and $1,554.
2024 Volusia 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 | |
|---|---|---|---|---|---|
| Volusia County, Florida Fair Market Rent | $958 | $1,152 | $1,413 | $1,865 | $1,925 |
| Volusia County, Florida Payment Standard Range | $862 to $1,054 | $1,037 to $1,267 | $1,272 to $1,554 | $1,679 to $2,052 | $1,733 to $2,118 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Volusia County, FL Affordable Housing Snapshot
| Total Affordable Apartment Properties | 119 |
|---|---|
| Total Low Income Apartments | 8,987 |
| Total Housing Units with Rental Assistance | 4,918 |
| Percentage of Housing Units Occupied By Renters | 29.96% |
| Average Renter Household Size | 2.54 |
| Average Household Size | 2.46 |
| Median Household Income | $41,117 ±$718 |
| Median Rent | $918 ±$12 |
| Percentage Of Renters Overburdened | 56.22% ± 1.74pp |
| Total Population | 503,719 |
Population and Household Demographics
Volusia County is a county in Florida with a population of 503,719. There are 200,180 households in the county with an average household size of 2.46 persons. 29.96% of households in Volusia County are renters.
Income and Rent Overburden in Volusia County
The median gross income for households in Volusia County is $41,117 a year, or $3,426 a month. The median rent for the county is $918 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Volusia County, a household making less than $3,060 a month would be considered overburdened when renting an apartment at or above the median rent. 56.22% of households who rent are overburdened in Volusia County.
Area Median Income In Volusia 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 Volusia 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 Volusia 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 Volusia 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 Volusia County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$16,250 | $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 Volusia County AMI may qualify for rental assistance programs that target Very Low Income households. |
$27,100 | $31,000 | $34,850 | $38,700 | $41,800 | $44,900 | $48,000 | $51,100 |
| 80% AMI Income Limits Renters earning up to 80% of the Volusia County AMI may qualify for rental assistance programs that target Low Income households. |
$43,350 | $49,550 | $55,750 | $61,900 | $66,900 | $71,850 | $76,800 | $81,750 |
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