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Affordable Housing In Southeast Fairbanks Census Area
Alaska

1 Low Income Apartment Communities In Southeast Fairbanks Census Area

Tanacross Single Family Rent to Own

3rd Ave
Tanacross, Alaska
Accepts Vouchers
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Guide To Affordable Housing in Southeast Fairbanks Census Area, Alaska

There are 1 low income housing apartment communities offering 20 affordable apartments for rent in Southeast Fairbanks Census Area, Alaska.

Income Based Apartments in Southeast Fairbanks Census Area, Alaska

Southeast Fairbanks 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 Southeast Fairbanks Census Area, Alaska

There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Southeast Fairbanks Census Area.

Housing Choice Vouchers in Southeast Fairbanks Census Area, Alaska

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Southeast Fairbanks Census Area, Alaska for a two-bedroom apartment is between $1,167 and $1,427.

2020 Southeast Fairbanks 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 $911 $1,102 $1,297 $1,871 $1,951
Payment Standard Range $820 to $1,002 $992 to $1,212 $1,167 to $1,427 $1,684 to $2,058 $1,756 to $2,146

Sourced from federal housing data and AffordableHousingOnline.com research.

Southeast Fairbanks Census Area, AK Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 20
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 29.85%
Average Renter Household Size 3.27
Average Household Size 3.11
Median Household Income $62,670 ±$8,682
Median Rent $1,176 ±$102
Percentage Of Renters Overburdened 29.59% ± 6.81pp
Total Population 7,029

Population and Household Demographics

Southeast Fairbanks Census Area is a county in Alaska with a population of 7,029. There are 2,117 households in the county with an average household size of 3.11 persons. 29.85% of households in Southeast Fairbanks Census Area are renters.

Income and Rent Overburden in Southeast Fairbanks Census Area

The median gross income for households in Southeast Fairbanks Census Area is $62,670 a year, or $5,223 a month. The median rent for the county is $1,176 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Southeast Fairbanks Census Area, a household making less than $3,920 a month would be considered overburdened when renting an apartment at or above the median rent. 29.59% of households who rent are overburdened in Southeast Fairbanks Census Area.

Area Median Income In Southeast Fairbanks 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 Southeast Fairbanks Census Area, HUD calculates the Area Median Income for a family of four as $82,700

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 Southeast Fairbanks 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 HUD Rental Assistance in Southeast Fairbanks Census Area

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,200 $21,550 $27,150 $32,750 $38,350 $43,950 $49,550 $55,150
50% of Median $30,300 $34,600 $38,950 $43,250 $46,750 $50,200 $53,650 $57,100
80% of Median $48,450 $55,400 $62,300 $69,200 $74,750 $80,300 $85,850 $91,350

Cities In Southeast Fairbanks Census Area

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Alcan Border
Big Delta
Chicken
Delta Junction
Deltana
Dot Lake
Dot Lake Village
Dry Creek
Eagle
Eagle Village
Fort Greely
Healy Lake
Northway
Northway Junction
Northway Village
Tanacross
Tetlin
Tok
Whitestone