Affordable Housing In Walnut Grove
Etowah County, Alabama

Affordable Housing programs support 0 income based apartments in Walnut Grove where households pay rent based on how much they earn.

There are 0 affordable apartments in Walnut Grove that offer reduced rents to low-income households.

Waiting Lists in Walnut Grove, Alabama

There are no open Section 8 Housing Choice Voucher waiting lists in Walnut Grove. Go to the Alabama Section 8 Waiting Lists page for openings near Walnut Grove.

Affordable Housing Near Walnut Grove

View affordable apartments and waiting lists in cities near Walnut Grove

City Apartments
Affordable Housing In Attalla, AL Affordable Housing programs support 2 apartment communities in Attalla.
Affordable Housing In Boaz, AL Affordable Housing programs support 8 apartment communities in Boaz.
Affordable Housing In Gadsden, AL Affordable Housing programs support 20 apartment communities in Gadsden.
Affordable Housing In Rainbow City, AL Affordable Housing programs support 4 apartment communities in Rainbow City.

Walnut Grove, Alabama Affordable Housing Data

Income Based Apartments in Walnut Grove, Alabama

Walnut Grove features 0 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 Walnut Grove, Alabama

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

Housing Choice Vouchers in Walnut Grove, Alabama

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Walnut Grove, Alabama for a two-bedroom apartment is between $692 and $846.

2023 Walnut Grove, 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
Walnut Grove, Alabama Fair Market Rent $514 $660 $769 $973 $1,033
Walnut Grove, Alabama Payment Standard Range $463 to $565 $594 to $726 $692 to $846 $876 to $1,070 $930 to $1,136

Sourced from federal housing data and AffordableHousingOnline.com research.

Walnut Grove, AL Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 20.49%
Average Renter Household Size 3.46
Average Household Size 3.16
Median Household Income $38,846 ±$11,812
Median Rent $758 ±$422
Percentage Of Renters Overburdened 25.42% ± 33.53pp
Total Population 910

Population and Household Demographics

Walnut Grove is a city in Etowah County, Alabama with a population of 910. There are 288 households in the city with an average household size of 3.16 persons. 20.49% of households in Walnut Grove are renters.

Income and Rent Overburden in Walnut Grove

The median gross income for households in Walnut Grove is $38,846 a year, or $3,237 a month. The median rent for the city is $758 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Walnut Grove, a household making less than $2,527 a month would be considered overburdened when renting an apartment at or above the median rent. 25.42% of households who rent are overburdened in Walnut Grove.

Area Median Income In Walnut Grove

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 Walnut Grove, the AMI is calculated from all households within Etowah County.

In Walnut Grove, HUD calculates the Area Median Income for a family of four as $59,700

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 Walnut Grove

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 Walnut Grove

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 Walnut Grove 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 Walnut Grove 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 Walnut Grove 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