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Affordable Housing In Miracle Valley
Cochise County, Arizona

Housing Authorities that serve Miracle Valley

Housing Authority Programs
Housing Authority of Cochise County Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Miracle Valley, Arizona

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Miracle Valley, Arizona.

Income Based Apartments in Miracle Valley, Arizona

Miracle Valley 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 Miracle Valley, Arizona

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

Housing Choice Vouchers in Miracle Valley, Arizona

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Miracle Valley, Arizona for a two-bedroom apartment is between $771 and $943.

2020 Miracle Valley, Arizona 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 $654 $658 $857 $1,236 $1,505
Payment Standard Range $589 to $719 $592 to $724 $771 to $943 $1,112 to $1,360 $1,355 to $1,656

Sourced from federal housing data and AffordableHousingOnline.com research.

Miracle Valley, AZ 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 7.89%
Average Renter Household Size 2.20
Average Household Size 2.71
Median Household Income $37,143 ±$6,791
Median Rent $0 ±$0
Percentage Of Renters Overburdened 0% ± 160pp
Total Population 515

Population and Household Demographics

Miracle Valley is a city in Cochise County, Arizona with a population of 515. There are 190 households in the city with an average household size of 2.71 persons. 7.89% of households in Miracle Valley are renters.

Income and Rent Overburden in Miracle Valley

The median gross income for households in Miracle Valley is $37,143 a year, or $3,095 a month. The median rent for the city is $0 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Miracle Valley, a household making less than $0 a month would be considered overburdened when renting an apartment at or above the median rent. 0% of households who rent are overburdened in Miracle Valley.

Area Median Income In Miracle Valley

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 Miracle Valley, the AMI is calculated from all households within Cochise County.

In Miracle Valley, HUD calculates the Area Median Income for a family of four as $66,300

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 Miracle Valley

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 Miracle Valley

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,760 $17,240 $21,720 $26,200 $30,680 $34,750 $37,150 $39,550
50% of Median $21,000 $24,000 $27,000 $29,950 $32,350 $34,750 $37,150 $39,550
80% of Median $33,550 $38,350 $43,150 $47,900 $51,750 $55,600 $59,400 $63,250