Affordable Housing In Coosa County

6 Low Income Apartment Communities In Coosa County

Highland Ridge Apartments

116 Armory Rd
Goodwater, Alabama

Rockwood Apartments

Hwy 231 S
Rockford, Alabama

Mtn View and Highland Apartments

13 Hotel St
Goodwater, Alabama

Highland Ridge Apartments

135 Armory Rd
Goodwater, Alabama

Stonegate Apartments

100 Washington St
Rockford, Alabama

Hillside Haven

137 Armory Rd
Goodwater, Alabama
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Guide To Affordable Housing in Coosa County, Alabama

There are 6 low income housing apartment communities offering 185 affordable apartments for rent in Coosa County, Alabama.

Income Based Apartments in Coosa County, Alabama

Coosa County features 78 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 Coosa County, Alabama

There are 107 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Coosa County.

Housing Choice Vouchers in Coosa County, Alabama

On average, Section 8 Housing Choice vouchers pay Coosa County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Coosa County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Coosa County, Alabama for a two-bedroom apartment is between $689 and $843.

2023 Coosa 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
Coosa County, Alabama Fair Market Rent $579 $589 $766 $932 $1,148
Coosa County, Alabama Payment Standard Range $521 to $637 $530 to $648 $689 to $843 $839 to $1,025 $1,033 to $1,263

Sourced from federal housing data and research.

Coosa County, AL Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 185
Total Housing Units with Rental Assistance 78
Percentage of Housing Units Occupied By Renters 20.67%
Average Renter Household Size 2.52
Average Household Size 2.42
Median Household Income $31,212 ±$2,971
Median Rent $597 ±$116
Percentage Of Renters Overburdened 28.48% ± 8.61pp
Total Population 11,027

Population and Household Demographics

Coosa County is a county in Alabama with a population of 11,027. There are 4,450 households in the county with an average household size of 2.42 persons. 20.67% of households in Coosa County are renters.

Income and Rent Overburden in Coosa County

The median gross income for households in Coosa County is $31,212 a year, or $2,601 a month. The median rent for the county is $597 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Coosa County, a household making less than $1,990 a month would be considered overburdened when renting an apartment at or above the median rent. 28.48% of households who rent are overburdened in Coosa County.

Area Median Income In Coosa 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 Coosa County, HUD calculates the Area Median Income for a family of four as $54,100

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 Coosa 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 Coosa 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 Coosa County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,590 $18,310 $23,030 $27,750 $32,470 $35,750 $38,200 $40,700
50% AMI Income Limits
Renters earning up to 50% of the Coosa County AMI may qualify for rental assistance programs that target Very Low Income households.
$21,600 $24,650 $27,750 $30,800 $33,300 $35,750 $38,200 $40,700
80% AMI Income Limits
Renters earning up to 80% of the Coosa County AMI may qualify for rental assistance programs that target Low Income households.
$34,550 $39,450 $44,400 $49,300 $53,250 $57,200 $61,150 $65,100

Cities In Coosa County

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Goodwater The HUD funded Public Housing Agency that serves Goodwater is the Housing Authority of the City of Goodwater.
Mount Olive