There are 29 low-income apartments in Wade Hampton Census Area that offer reduced rents to eligible households.
Rental assistance programs support 8 low-income homes in Wade Hampton Census Area where households pay rent based on how much they earn.
Affordable rent data for some communities last confirmed on January 3rd, 2023. Subdsidized rents typically change once a year based on federal guidance.
Wade Hampton Census Area features 8 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
There are 29 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wade Hampton Census Area.
On average, Section 8 Housing Choice vouchers pay Wade Hampton Census Area landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Wade Hampton Census Area.
Sourced from federal housing data and AffordableHousingOnline.com research.
|Total Affordable Apartment Properties||3|
|Total Low Income Apartments||37|
|Total Housing Units with Rental Assistance||8|
|Percentage of Housing Units Occupied By Renters||%|
|Average Renter Household Size||0.00|
|Average Household Size||0.00|
|Median Household Income||$40,943 ±$1,772|
|Median Rent||$711 ±$167|
|Percentage Of Renters Overburdened||15.31% ± 4.02pp|
Wade Hampton Census Area is a county in Alaska with a population of 0. There are 0 households in the county with an average household size of 0.00 persons. % of households in Wade Hampton Census Area are renters.
The median gross income for households in Wade Hampton Census Area is $40,943 a year, or $3,412 a month. The median rent for the county is $711 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wade Hampton Census Area, a household making less than $2,370 a month would be considered overburdened when renting an apartment at or above the median rent. 15.31% of households who rent are overburdened in Wade Hampton 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 Wade Hampton Census Area, HUD calculates the Area Median Income for a family of four as $0
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 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.