In Tampa, HUD calculates the Area Median Income for a family of four as $89,400 For Tampa, the AMI is calculated from all households within Hillsborough County. 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. The AMI is calculated and published each year by HUD. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. Each household's income is compared to the incomes of all other households in the area. Area Median Income In TampaĪffordable housing program eligibility is always determined by one's income. In Tampa, a household making less than $3,200 a month would be considered overburdened when renting an apartment at or above the median rent.ĥ2.41% of households who rent are overburdened in Tampa. Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. The median gross income for households in Tampa is $44,185 a year, or $3,682 a month. 50.95% of households in Tampa are renters. There are 142,232 households in the city with an average household size of 2.42 persons. Tampa is a city in Hillsborough County, Florida with a population of 355,603. ± 1.71pp Total Population 355,603 Population and Household Demographics ±$10 Percentage Of Renters Overburdened 52.41% Total Affordable Apartment Properties 130 Total Low Income Apartments 17,104 Total Housing Units with Rental Assistance 7,591 Percentage of Housing Units Occupied By Renters 50.95% Average Renter Household Size 2.29 Average Household Size 2.42 Median Household Income $44,185 Sourced from federal housing data and research. 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. 2023 Tampa, Florida Fair Market Rents and Housing Choice Voucher Payment Standardsįair Market Rents can be used to better understand the average housing costs of an area. The maximum amount a voucher would pay on behalf of a low-income tenant in Tampa, Florida for a two-bedroom apartment is between $1,493 and $1,825. The average voucher holder contributes $400 towards rent in Tampa. On average, Section 8 Housing Choice vouchers pay Tampa landlords $700 per month towards rent. Housing Choice Vouchers in Tampa, Florida There are 9,127 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Tampa. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities. Tampa features 7,591 income based apartments. is an Equal Opportunity Employer and supports the Fair Housing Act.Tampa, Florida Affordable Housing Data Income Based Apartments in Tampa, Florida Each Keller Williams office is independently owned and operated. We are committed to the letter and spirit of the United States policy for the achievement of equal housing opportunity. All residential real estate information on this website is subject to the Federal Fair Housing Act Title VIII of the Civil Rights Act of 1968, as amended, which makes it illegal to advertise “any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial states, or national origin, or intention to make any such preference, limitation or discrimination.” Your state or local jurisdiction may impose additional requirements. (“KWRI”) encourages and supports an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
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