Affordable Housing In Ketchikan Gateway Borough
6 Low Income Apartment Communities In Ketchikan Gateway Borough
Guide To Affordable Housing in Ketchikan Gateway Borough, Alaska
There are 6 low income housing apartment communities offering 211 affordable apartments for rent in Ketchikan Gateway Borough, Alaska.
Income Based Apartments in Ketchikan Gateway Borough, Alaska
Ketchikan Gateway Borough features 126 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 Ketchikan Gateway Borough, Alaska
There are 85 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ketchikan Gateway Borough.
Housing Choice Vouchers in Ketchikan Gateway Borough, Alaska
On average, Section 8 Housing Choice vouchers pay Ketchikan Gateway Borough landlords $700 per month towards rent. The average voucher holder contributes $500 towards rent in Ketchikan Gateway Borough.
The maximum amount a voucher would pay on behalf of a low-income tenant in Ketchikan Gateway Borough, Alaska for a two-bedroom apartment is between $1,273 and $1,555.
2020 Ketchikan Gateway Borough, Alaska 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||$921||$1,074||$1,414||$1,917||$2,455|
|Payment Standard Range||$829 to $1,013||$967 to $1,181||$1,273 to $1,555||$1,725 to $2,109||$2,210 to $2,701|
Sourced from federal housing data and AffordableHousingOnline.com research.
Ketchikan Gateway Borough, AK Affordable Housing Snapshot
|Total Affordable Apartment Properties||6|
|Total Low Income Apartments||211|
|Total Housing Units with Rental Assistance||126|
|Percentage of Housing Units Occupied By Renters||41.22%|
|Average Renter Household Size||2.33|
|Average Household Size||2.55|
|Median Household Income||$64,222 ±$3,557|
|Median Rent||$1,033 ±$49|
|Percentage Of Renters Overburdened||43.02% ± 4.87pp|
Population and Household Demographics
Ketchikan Gateway Borough is a County in Alaska with a population of 13,699. There are 5,267 households in the county with an average household size of 2.55 persons. 41.22% of households in Ketchikan Gateway Borough are renters.
Income and Rent Overburden in Ketchikan Gateway Borough
The median gross income for households in Ketchikan Gateway Borough is $64,222 a year, or $5,352 a month. The median rent for the county is $1,033 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Ketchikan Gateway Borough, a household making less than $3,443 a month would be considered overburdened when renting an apartment at or above the median rent. 43.02% of households who rent are overburdened in Ketchikan Gateway Borough.1
Area Median Income In Ketchikan Gateway Borough
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 Ketchikan Gateway Borough, HUD calculates the Area Median Income for a family of four as $86,200
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 Ketchikan Gateway Borough
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 Ketchikan Gateway Borough HUD Rental Assistance in Ketchikan Gateway Borough
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$18,100||$21,130||$26,660||$32,190||$37,720||$43,250||$48,780||$54,310|
|50% of Median||$30,200||$34,500||$38,800||$43,100||$46,550||$50,000||$53,450||$56,900|
|80% of Median||$48,300||$55,200||$62,100||$68,950||$74,500||$80,000||$85,500||$91,050|
Cities In Ketchikan Gateway Borough
Select A City to View its Apartment Communities and Waiting Lists.
|Ketchikan||6||The HUD funded Public Housing Agencies that serve Ketchikan are the Alaska Housing Finance Corporation - Section 8 and Alaska Housing Finance Corporation - Public Housing.|