Affordable Housing In Prince of Wales Hyder Census Area
Alaska

Guide To Affordable Housing in Prince of Wales Hyder Census Area, Alaska

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Prince of Wales Hyder Census Area, Alaska.

Income Based Apartments in Prince of Wales Hyder Census Area, Alaska

Prince of Wales Hyder Census Area 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 Prince of Wales Hyder Census Area, Alaska

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Prince of Wales Hyder Census Area.

Housing Choice Vouchers in Prince of Wales Hyder Census Area, Alaska

On average, Section 8 Housing Choice vouchers pay Prince of Wales Hyder Census Area landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Prince of Wales Hyder Census Area.

The maximum amount a voucher would pay on behalf of a low-income tenant in Prince of Wales Hyder Census Area, Alaska for a two-bedroom apartment is between $1,004 and $1,227.

2020 Prince of Wales Hyder Census Area, 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 $810 $847 $1,115 $1,389 $1,510
Payment Standard Range $729 to $891 $762 to $932 $1,004 to $1,227 $1,250 to $1,528 $1,359 to $1,661

Sourced from federal housing data and AffordableHousingOnline.com research.

Prince of Wales Hyder Census Area, AK 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 28.35%
Average Renter Household Size 2.79
Average Household Size 2.77
Median Household Income $48,523 ±$2,745
Median Rent $811 ±$36
Percentage Of Renters Overburdened 28.77% ± 4.62pp
Total Population 6,376

Population and Household Demographics

Prince of Wales Hyder Census Area is a County in Alaska with a population of 6,376. There are 2,268 households in the county with an average household size of 2.77 persons. 28.35% of households in Prince of Wales Hyder Census Area are renters.

Income and Rent Overburden in Prince of Wales Hyder Census Area

The median gross income for households in Prince of Wales Hyder Census Area is $48,523 a year, or $4,044 a month. The median rent for the county is $811 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Prince of Wales Hyder Census Area, a household making less than $2,703 a month would be considered overburdened when renting an apartment at or above the median rent. 28.77% of households who rent are overburdened in Prince of Wales Hyder Census Area.1

Area Median Income In Prince of Wales Hyder Census Area

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 Prince of Wales Hyder Census Area, HUD calculates the Area Median Income for a family of four as $67,000

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 Prince of Wales Hyder Census Area

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 Prince of Wales Hyder Census Area HUD Rental Assistance in Prince of Wales Hyder Census Area

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,500 $21,130 $26,660 $32,190 $37,720 $43,250 $48,780 $54,310
50% of Median $29,200 $33,400 $37,550 $41,700 $45,050 $48,400 $51,750 $55,050
80% of Median $46,700 $53,400 $60,050 $66,700 $72,050 $77,400 $82,750 $88,050