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Affordable Housing In Guntersville
Marshall County, Alabama

9 Low Income Apartment Communities In Guntersville

Cedar Ridge Apartments

215 Cedar Ridge Dr
Guntersville, Alabama
1-3 BR

Reserve at Spring Creek

225 Angel Street
Guntersville, Alabama
1-2 BR
Accepts Vouchers

Mill Run Apartments

85 Cedar Ridge Dr
Guntersville, Alabama
Accepts Vouchers

Lakeview Estates

3515 Wyeth Mountain Rd
Guntersville, Alabama
Accepts Vouchers

Mountain Lakes Apartments

2300 Deerman St
Guntersville, Alabama

Ridgewood Apartments

2500 Deerman St
Guntersville, Alabama

Crain Courts

1600 Gurley St
Guntersville, Alabama

Addn Martin Manor

702 Ringold St
Guntersville, Alabama

Hembree Homes

1400 West St
Guntersville, Alabama
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Housing Authorities that serve Guntersville

Housing Authority Programs
Guntersville Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Arab Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Guntersville, Alabama

There are 9 low income housing apartment communities offering 653 affordable apartments for rent in Guntersville, Alabama.

Income Based Apartments in Guntersville, Alabama

Guntersville features 558 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 Guntersville, Alabama

There are 95 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Guntersville.

Housing Choice Vouchers in Guntersville, Alabama

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Guntersville, Alabama for a two-bedroom apartment is between $570 and $696.

2020 Guntersville, 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
Fair Market Rent $478 $481 $633 $854 $858
Payment Standard Range $430 to $526 $433 to $529 $570 to $696 $769 to $939 $772 to $944

Sourced from federal housing data and research.

Guntersville, AL Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 653
Total Housing Units with Rental Assistance 558
Percentage of Housing Units Occupied By Renters 35.83%
Average Renter Household Size 2.52
Average Household Size 2.48
Median Household Income $39,756 ±$2,944
Median Rent $561 ±$39
Percentage Of Renters Overburdened 40.09% ± 5.97pp
Total Population 8,326

Population and Household Demographics

Guntersville is a city in Marshall County, Alabama with a population of 8,326. There are 3,196 households in the city with an average household size of 2.48 persons. 35.83% of households in Guntersville are renters.

Income and Rent Overburden in Guntersville

The median gross income for households in Guntersville is $39,756 a year, or $3,313 a month. The median rent for the city is $561 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Guntersville, a household making less than $1,870 a month would be considered overburdened when renting an apartment at or above the median rent. 40.09% of households who rent are overburdened in Guntersville.

Area Median Income In Guntersville

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 Guntersville, the AMI is calculated from all households within Marshall County.

In Guntersville, HUD calculates the Area Median Income for a family of four as $54,700

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 Guntersville

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 Guntersville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $29,550 $31,750 $33,950 $36,150
50% of Median $19,150 $21,900 $24,650 $27,350 $29,550 $31,750 $33,950 $36,150
80% of Median $30,650 $35,000 $39,400 $43,750 $47,250 $50,750 $54,250 $57,750