Discover affordable housing in Marathon where there are 4+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.
240 Sombrero Beach Rd, Marathon, Florida 33050
payment Subsidized
260 41st St, Marathon, Florida 33050
4800 Overseas Hwy, Marathon, Florida 33050
switch_access_shortcut Short Wait real_estate_agent Accepts Vouchers
7159 Overseas Hwy, Marathon, Florida 33050
switch_access_shortcut Short Wait accessibility AccessibleLook for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.
switch_access_shortcut Short Wait payment Subsidized real_estate_agent Accepts Vouchers elderly Senior payment Income Based accessibility Accessible accessible_forward Disability real_estate_agent Naturally Affordable The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Marathon, Florida $28.51 (+238%) more than Florida minimum wage and $33.26 (+459%) more than the Federal minimum wage.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.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Marathon, Florida.The City of Marathon has people living in households.
There are renters living in renter households in this City. Renters make up 50.14 percent of the population living in Marathon.
There are an estimated housing units in the Marathon area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Marathon, Florida, there are 1.3 rental units.
The rental vacancy rate in Marathon is 18 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
A large number of apartments in Marathon have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,556 to $3,426. FMRs are updated annually by HUD for every city and county nationwide.
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
There are a variety of federal affordable housing programs serving households in Marathon, Florida including the following:
Rental units may be funded in part by multiple federal programs.
Marathon features 130 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
There are 56 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marathon.
On average, Section 8 Housing Choice vouchers pay Marathon landlords $1,100 per month towards rent. The average voucher holder contributes $500 towards rent in Marathon.
The maximum amount a voucher would pay on behalf of a low-income tenant in Marathon, Florida for a two-bedroom apartment is between $1,925 and $2,353.
Affordable Housing TipApplying for housing with bad credit.
Most HUD housing programs, like Section 8 and Public Housing, do not have a credit check. But Section 8 landlords will likely require one for an available unit.
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