Affordable Housing In Gadsden
Etowah County, Alabama

20 Low Income Apartment Communities In Gadsden

Princeton Park Apartments

301 Princeton Ave
Gadsden, Alabama
Income Based
1-2 BR
Subsidized

Brookville Apartments

337 W. Air Depot Rd
Gadsden, Alabama
$327-503
1-3 BR

Timbers at Rayleigh

1400 Piedmont Cutoff
Gadsden, Alabama
$426-584
1-3 BR

Baptist Retirement Village

1315 Coats St
Gadsden, Alabama
Income Based
1 BR
Subsidized
62+
Accessible
Elderly Supportive Housing

Baptist Retirement Village II

1326 Coats St
Gadsden, Alabama
Income Based
1 BR
Subsidized
62+
Accessible
Elderly Supportive Housing

Melodie Meadow Apartments

301 College Pkwy
Gadsden, Alabama
$348-401
1-2 BR

Holly Park Estates

700 Holly Ave
Gadsden, Alabama
$408
2 BR

Lodge at Greenbridge

600 Holly Ave
Gadsden, Alabama
$341-424
1-2 BR

Episcopal Kyle Home

929 Chestnut St
Gadsden, Alabama
Subsidized
62+
Accessible
Elderly Supportive Housing

College Manor Apartments

1408 Piedmont Cutoff
Gadsden, Alabama
Subsidized

Section 8 Vouchers, Apartments, and Waiting Lists in Gadsden, Alabama

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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Gadsden, Alabama

Housing Authority Programs
Greater Gadsden Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Gadsden, Alabama

There are 20 low income housing apartment communities offering 1,602 affordable apartments for rent in Gadsden, Alabama.

Income Based Apartments in Gadsden, Alabama

Gadsden features 1,362 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 Gadsden, Alabama

There are 240 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gadsden.

Housing Choice Vouchers in Gadsden, Alabama

On average, Section 8 Housing Choice vouchers pay Gadsden landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Gadsden.

The maximum amount a voucher would pay on behalf of a low-income tenant in Gadsden, Alabama for a two-bedroom apartment is between $639 and $781.

2022 Gadsden, 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
Gadsden, Alabama Fair Market Rent $547 $580 $710 $894 $970
Gadsden, Alabama Payment Standard Range $492 to $602 $522 to $638 $639 to $781 $805 to $983 $873 to $1,067

Sourced from federal housing data and AffordableHousingOnline.com research.

Gadsden, AL Affordable Housing Snapshot

Total Affordable Apartment Properties 20
Total Low Income Apartments 1,602
Total Housing Units with Rental Assistance 1,362
Percentage of Housing Units Occupied By Renters 40.43%
Average Renter Household Size 2.48
Average Household Size 2.46
Median Household Income $29,136 ±$2,111
Median Rent $588 ±$20
Percentage Of Renters Overburdened 47.62% ± 3.89pp
Total Population 36,455

Population and Household Demographics

Gadsden is a city in Etowah County, Alabama with a population of 36,455. There are 14,379 households in the city with an average household size of 2.46 persons. 40.43% of households in Gadsden are renters.

Income and Rent Overburden in Gadsden

The median gross income for households in Gadsden is $29,136 a year, or $2,428 a month. The median rent for the city is $588 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Gadsden, a household making less than $1,960 a month would be considered overburdened when renting an apartment at or above the median rent. 47.62% of households who rent are overburdened in Gadsden.

Area Median Income In Gadsden

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.

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. For Gadsden, the AMI is calculated from all households within Etowah County.

In Gadsden, HUD calculates the Area Median Income for a family of four as $63,500

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 Gadsden

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 Gadsden

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 Gadsden AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,350 $17,420 $21,960 $26,500 $31,040 $35,580 $39,400 $41,950
50% AMI Income Limits
Renters earning up to 50% of the Gadsden AMI may qualify for rental assistance programs that target Very Low Income households.
$22,250 $25,400 $28,600 $31,750 $34,300 $36,850 $39,400 $41,950
80% AMI Income Limits
Renters earning up to 80% of the Gadsden AMI may qualify for rental assistance programs that target Low Income households.
$35,600 $40,650 $45,750 $50,800 $54,900 $58,950 $63,000 $67,100