Affordable Housing In Thorsby
Chilton County, Alabama

1 Low Income Apartment Communities In Thorsby

Thorsby Villas

Dakota Rd
Thorsby, Alabama
Subsidized
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Guide To Affordable Housing in Thorsby, Alabama

There are 1 low income housing apartment communities offering 16 affordable apartments for rent in Thorsby, Alabama.

Income Based Apartments in Thorsby, Alabama

Thorsby features 16 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 Thorsby, Alabama

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Thorsby.

Housing Choice Vouchers in Thorsby, Alabama

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Thorsby, Alabama for a two-bedroom apartment is between $680 and $831.

2023 Thorsby, 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
Thorsby, Alabama Fair Market Rent $617 $634 $755 $1,036 $1,040
Thorsby, Alabama Payment Standard Range $555 to $679 $571 to $697 $680 to $831 $932 to $1,140 $936 to $1,144

Sourced from federal housing data and AffordableHousingOnline.com research.

Thorsby, AL Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 16
Total Housing Units with Rental Assistance 16
Percentage of Housing Units Occupied By Renters 22.59%
Average Renter Household Size 2.30
Average Household Size 2.54
Median Household Income $45,478 ±$6,213
Median Rent $621 ±$124
Percentage Of Renters Overburdened 40% ± 20.76pp
Total Population 2,140

Population and Household Demographics

Thorsby is a city in Chilton County, Alabama with a population of 2,140. There are 841 households in the city with an average household size of 2.54 persons. 22.59% of households in Thorsby are renters.

Income and Rent Overburden in Thorsby

The median gross income for households in Thorsby is $45,478 a year, or $3,790 a month. The median rent for the city is $621 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Thorsby, a household making less than $2,070 a month would be considered overburdened when renting an apartment at or above the median rent. 40% of households who rent are overburdened in Thorsby.

Area Median Income In Thorsby

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 Thorsby, the AMI is calculated from all households within Chilton County.

In Thorsby, HUD calculates the Area Median Income for a family of four as $61,100

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 Thorsby

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 Thorsby

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 Thorsby AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,590 $18,310 $23,030 $27,750 $32,470 $36,700 $39,200 $41,750
50% AMI Income Limits
Renters earning up to 50% of the Thorsby AMI may qualify for rental assistance programs that target Very Low Income households.
$22,150 $25,300 $28,450 $31,600 $34,150 $36,700 $39,200 $41,750
80% AMI Income Limits
Renters earning up to 80% of the Thorsby AMI may qualify for rental assistance programs that target Low Income households.
$35,400 $40,450 $45,500 $50,550 $54,600 $58,650 $62,700 $66,750