; Low Income Apartments For Rent in North Pole, AK

Tanana Apartments

350 S Santa Claus Ln
North Pole, Alaska
Rent Assisted
USDA S. 538
Call For Rent
1-2 BR

Jack and Virginia Wright House

721 E 8th Ave
North Pole, Alaska
S. 811 Supportive
Showing Results 1-15
  • «
  • 1
  • »

There are 0 low-income apartments in North Pole that offer reduced rents to eligible households.

Rental assistance programs support 37 low-income homes in North Pole where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

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

North Pole, Alaska Affordable Housing Data

Income Based Apartments in North Pole, Alaska

North Pole features 37 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 North Pole, Alaska

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

Housing Choice Vouchers in North Pole, Alaska

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

The maximum amount a voucher would pay on behalf of a low-income tenant in North Pole, Alaska for a two-bedroom apartment is between $1,337 and $1,634.

2023 North Pole, 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
North Pole, Alaska Fair Market Rent $993 $1,128 $1,485 $2,110 $2,529
North Pole, Alaska Payment Standard Range $894 to $1,092 $1,015 to $1,241 $1,337 to $1,634 $1,899 to $2,321 $2,276 to $2,782

Sourced from federal housing data and AffordableHousingOnline.com research.

North Pole, AK Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 37
Total Housing Units with Rental Assistance 37
Percentage of Housing Units Occupied By Renters 43.21%
Average Renter Household Size 2.11
Average Household Size 2.79
Median Household Income $70,536 ±$15,915
Median Rent $1,113 ±$123
Percentage Of Renters Overburdened 40.92% ± 14.86pp
Total Population 2,265

Population and Household Demographics

North Pole is a city in Fairbanks North Star Borough, Alaska with a population of 2,265. There are 803 households in the city with an average household size of 2.79 persons. 43.21% of households in North Pole are renters.

Income and Rent Overburden in North Pole

The median gross income for households in North Pole is $70,536 a year, or $5,878 a month. The median rent for the city is $1,113 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In North Pole, a household making less than $3,710 a month would be considered overburdened when renting an apartment at or above the median rent. 40.92% of households who rent are overburdened in North Pole.

Area Median Income In North Pole

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 North Pole, the AMI is calculated from all households within Fairbanks North Star Borough.

In North Pole, HUD calculates the Area Median Income for a family of four as $98,600

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 North Pole

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 North Pole

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 North Pole AMI may qualify for rental assistance programs that target Extremely Low Income households.
$20,750 $24,640 $31,070 $37,500 $43,930 $50,360 $56,790 $63,220
50% AMI Income Limits
Renters earning up to 50% of the North Pole AMI may qualify for rental assistance programs that target Very Low Income households.
$34,550 $39,450 $44,400 $49,300 $53,250 $57,200 $61,150 $65,100
80% AMI Income Limits
Renters earning up to 80% of the North Pole AMI may qualify for rental assistance programs that target Low Income households.
$55,250 $63,150 $71,050 $78,900 $85,250 $91,550 $97,850 $104,150