Affordable Housing In Wrangell
Alaska

Wrangell city limits extend into  Bethel Census Area and  Wrangell City.

Housing Authorities that serve Wrangell

Housing Authority Programs
Alaska Housing Finance Corporation - Section 8 Section 8 Housing Choice Voucher (HCV); Moving to Work
Alaska Housing Finance Corporation - Public Housing Public Housing; Moving to Work

Guide To Affordable Housing in Wrangell, Alaska

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Wrangell, Alaska. Wrangell features 0 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Wrangell.

Sourced from federal housing data and AffordableHousingOnline.com research.

Wrangell, 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 33.9%
Average Renter Household Size 1.91
Average Household Size 2.08
Median Household Income $48,603 ±$6,199
Median Rent $732 ±$110
Percentage Of Renters Overburdened 41.62% ± 9.75pp
Total Population 2,387

Population and Household Demographics

Wrangell is a City in Alaska with a population of 2,387. There are 1,127 households in the city with an average household size of 2.08 persons. 33.9% of households in Wrangell are renters.

Income and Rent Overburden in Wrangell

The median gross income for households in Wrangell is $48,603 a year, or $4,050 a month. The median rent for the city is $732 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wrangell, a household making less than $2,440 a month would be considered overburdened when renting an apartment at or above the median rent. 41.62% of households who rent are overburdened in Wrangell.1

Area Median Income In Wrangell

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 Wrangell, 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 Wrangell

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 Wrangell HUD Rental Assistance in Wrangell

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
Fair Market Rents in Wrangell

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$1,234 $1,483 $1,688 $2,104 $2,287