Affordable Housing In Colbert County
15 Low Income Apartment Communities In Colbert County
Guide To Affordable Housing in Colbert County, Alabama
There are 15 low income housing apartment communities offering 1,107 affordable apartments for rent in Colbert County, Alabama.
Income Based Apartments in Colbert County, Alabama
Colbert County features 924 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 Colbert County, Alabama
There are 183 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Colbert County.
Housing Choice Vouchers in Colbert County, Alabama
On average, Section 8 Housing Choice vouchers pay Colbert County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Colbert County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Colbert County, Alabama for a two-bedroom apartment is between $730 and $892.
2023 Colbert County, Alabama 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|
|Colbert County, Alabama Fair Market Rent||$574||$617||$811||$1,000||$1,249|
|Colbert County, Alabama Payment Standard Range||$517 to $631||$555 to $679||$730 to $892||$900 to $1,100||$1,124 to $1,374|
Sourced from federal housing data and AffordableHousingOnline.com research.
Colbert County, AL Affordable Housing Snapshot
|Total Affordable Apartment Properties||15|
|Total Low Income Apartments||1,107|
|Total Housing Units with Rental Assistance||924|
|Percentage of Housing Units Occupied By Renters||28.69%|
|Average Renter Household Size||2.43|
|Average Household Size||2.43|
|Median Household Income||$40,576 ±$2,536|
|Median Rent||$632 ±$27|
|Percentage Of Renters Overburdened||43.57% ± 4.82pp|
Population and Household Demographics
Colbert County is a county in Alabama with a population of 54,444. There are 22,204 households in the county with an average household size of 2.43 persons. 28.69% of households in Colbert County are renters.
Income and Rent Overburden in Colbert County
The median gross income for households in Colbert County is $40,576 a year, or $3,381 a month. The median rent for the county is $632 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Colbert County, a household making less than $2,107 a month would be considered overburdened when renting an apartment at or above the median rent. 43.57% of households who rent are overburdened in Colbert County.
Area Median Income In Colbert 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 Colbert County, HUD calculates the Area Median Income for a family of four as $68,200
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 Colbert 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 Colbert 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 Colbert County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Colbert County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Colbert County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Colbert County
Select A City to View its Apartment Communities and Waiting Lists.
|Sheffield||The HUD funded Public Housing Agency that serves Sheffield is the Sheffield Housing Authority.|
|Tuscumbia||The HUD funded Public Housing Agency that serves Tuscumbia is the Housing Authority of the City of Tuscumbia.|