Affordable Housing In Tallapoosa County
17 Low Income Apartment Communities In Tallapoosa County
Guide To Affordable Housing in Tallapoosa County, Alabama
There are 17 low income housing apartment communities offering 1,137 affordable apartments for rent in Tallapoosa County, Alabama.
Income Based Apartments in Tallapoosa County, Alabama
Tallapoosa County features 695 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 Tallapoosa County, Alabama
There are 442 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Tallapoosa County.
Housing Choice Vouchers in Tallapoosa County, Alabama
On average, Section 8 Housing Choice vouchers pay Tallapoosa County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Tallapoosa County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Tallapoosa County, Alabama for a two-bedroom apartment is between $645 and $789.
2022 Tallapoosa 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|
|Tallapoosa County, Alabama Fair Market Rent||$527||$545||$717||$981||$1,181|
|Tallapoosa County, Alabama Payment Standard Range||$474 to $580||$491 to $600||$645 to $789||$883 to $1,079||$1,063 to $1,299|
Sourced from federal housing data and AffordableHousingOnline.com research.
Tallapoosa County, AL Affordable Housing Snapshot
|Total Affordable Apartment Properties||17|
|Total Low Income Apartments||1,137|
|Total Housing Units with Rental Assistance||695|
|Percentage of Housing Units Occupied By Renters||28.63%|
|Average Renter Household Size||2.65|
|Average Household Size||2.48|
|Median Household Income||$39,206 ±$2,289|
|Median Rent||$575 ±$26|
|Percentage Of Renters Overburdened||45.83% ± 6.72pp|
Population and Household Demographics
Tallapoosa County is a county in Alabama with a population of 41,153. There are 16,323 households in the county with an average household size of 2.48 persons. 28.63% of households in Tallapoosa County are renters.
Income and Rent Overburden in Tallapoosa County
The median gross income for households in Tallapoosa County is $39,206 a year, or $3,267 a month. The median rent for the county is $575 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Tallapoosa County, a household making less than $1,917 a month would be considered overburdened when renting an apartment at or above the median rent. 45.83% of households who rent are overburdened in Tallapoosa County.
Area Median Income In Tallapoosa 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 Tallapoosa County, HUD calculates the Area Median Income for a family of four as $62,700
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 Tallapoosa 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 Tallapoosa 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 Tallapoosa 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 Tallapoosa 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 Tallapoosa County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Tallapoosa County
Select A City to View its Apartment Communities and Waiting Lists.
|Alexander City||The HUD funded Public Housing Agency that serves Alexander City is the Housing Authority of Alexander City.|
|Dadeville||The HUD funded Public Housing Agency that serves Dadeville is the Housing Authority of the City of Dadeville.|