. Low Income Apartments For Rent in Naknek, Alaska - Affordable Housing Online

Southwest Elders Apartments

School Rd
Naknek, Alaska
Rent Assisted
S. 515 Rural
Showing Results 1-15
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There are 0 low-income apartments in Naknek that offer reduced rents to eligible households.

Rental assistance programs support 11 low-income homes in Naknek where households pay rent based on how much they earn.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Naknek, Alaska Affordable Housing Data

Income Based Apartments in Naknek, Alaska

Naknek features 11 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 Naknek, Alaska

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

Housing Choice Vouchers in Naknek, Alaska

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Naknek, Alaska for a two-bedroom apartment is between $987 and $1,207.

2023 Naknek, 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
Naknek, Alaska Fair Market Rent $769 $833 $1,097 $1,559 $1,665
Naknek, Alaska Payment Standard Range $692 to $846 $750 to $916 $987 to $1,207 $1,403 to $1,715 $1,499 to $1,832

Sourced from federal housing data and AffordableHousingOnline.com research.

Naknek, AK Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 11
Total Housing Units with Rental Assistance 11
Percentage of Housing Units Occupied By Renters 38.91%
Average Renter Household Size 2.31
Average Household Size 2.49
Median Household Income $79,750 ±$19,104
Median Rent $975 ±$132
Percentage Of Renters Overburdened 17.44% ± 11.34pp
Total Population 567

Population and Household Demographics

Naknek is a city in Bristol Bay Borough, Alaska with a population of 567. There are 221 households in the city with an average household size of 2.49 persons. 38.91% of households in Naknek are renters.

Income and Rent Overburden in Naknek

The median gross income for households in Naknek is $79,750 a year, or $6,646 a month. The median rent for the city is $975 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Naknek, a household making less than $3,250 a month would be considered overburdened when renting an apartment at or above the median rent. 17.44% of households who rent are overburdened in Naknek.

Area Median Income In Naknek

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 Naknek, the AMI is calculated from all households within Bristol Bay Borough.

In Naknek, HUD calculates the Area Median Income for a family of four as $102,700

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 Naknek

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 Naknek

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 Naknek AMI may qualify for rental assistance programs that target Extremely Low Income households.
$21,850 $24,950 $31,070 $37,500 $43,930 $50,360 $56,790 $63,220
50% AMI Income Limits
Renters earning up to 50% of the Naknek AMI may qualify for rental assistance programs that target Very Low Income households.
$36,350 $41,550 $46,750 $51,900 $56,100 $60,250 $64,400 $68,550
80% AMI Income Limits
Renters earning up to 80% of the Naknek AMI may qualify for rental assistance programs that target Low Income households.
$58,150 $66,450 $74,750 $83,050 $89,700 $96,350 $103,000 $109,650