Affordable Housing In Stony River
Bethel Census Area, Alaska

Guide To Affordable Housing in Stony River, Alaska

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Stony River, Alaska.

Income Based Apartments in Stony River, Alaska

Stony River 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 Stony River, Alaska

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

Housing Choice Vouchers in Stony River, Alaska

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Stony River, Alaska for a two-bedroom apartment is between $1,519 and $1,857.

2020 Stony River, 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 $1,234 $1,483 $1,688 $2,104 $2,287
Payment Standard Range $1,111 to $1,357 $1,335 to $1,631 $1,519 to $1,857 $1,894 to $2,314 $2,058 to $2,516

Sourced from federal housing data and AffordableHousingOnline.com research.

Stony River, 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 62.5%
Average Renter Household Size 3.00
Average Household Size 2.50
Median Household Income $22,500 ±$18,681
Median Rent $413 ±$85
Percentage Of Renters Overburdened 30% ± 128.68pp
Total Population 40

Population and Household Demographics

Stony River is a City in Bethel Census Area, Alaska with a population of 40. There are 16 households in the city with an average household size of 2.50 persons. 62.5% of households in Stony River are renters.

Income and Rent Overburden in Stony River

The median gross income for households in Stony River is $22,500 a year, or $1,875 a month. The median rent for the city is $413 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Stony River, a household making less than $1,377 a month would be considered overburdened when renting an apartment at or above the median rent. 30% of households who rent are overburdened in Stony River.1

Area Median Income In Stony River

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 Stony River, the AMI is calculated from all households within Bethel Census Area.

In Stony River, HUD calculates the Area Median Income for a family of four as $56,700

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 Stony River

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 Stony River HUD Rental Assistance in Stony River

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $19,150 $21,900 $26,660 $32,190 $37,720 $43,250 $48,780 $54,310
50% of Median $31,900 $36,450 $41,000 $45,550 $49,200 $52,850 $56,500 $60,150
80% of Median $51,050 $58,350 $65,650 $72,900 $78,750 $84,600 $90,400 $96,250