Affordable Housing In Parker Strip
La Paz County,
Guide To Affordable Housing in Parker Strip, Arizona
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Parker Strip, Arizona.
Income Based Apartments in Parker Strip, Arizona
Parker Strip 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 Parker Strip, Arizona
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Parker Strip.
Housing Choice Vouchers in Parker Strip, Arizona
On average, Section 8 Housing Choice vouchers pay Parker Strip landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Parker Strip.
The maximum amount a voucher would pay on behalf of a low-income tenant in Parker Strip, Arizona for a two-bedroom apartment is between $957 and $1,169.
2022 Parker Strip, 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|
|Parker Strip, Arizona Fair Market Rent||$710||$808||$1,063||$1,446||$1,523|
|Parker Strip, Arizona Payment Standard Range||$639 to $781||$727 to $889||$957 to $1,169||$1,301 to $1,591||$1,371 to $1,675|
Sourced from federal housing data and AffordableHousingOnline.com research.
Parker Strip, 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||23.4%|
|Average Renter Household Size||1.39|
|Average Household Size||1.59|
|Median Household Income||$52,132 ±$14,096|
|Median Rent||$581 ±$87|
|Percentage Of Renters Overburdened||0% ± 28.57pp|
Population and Household Demographics
Parker Strip is a city in La Paz County, Arizona with a population of 572. There are 359 households in the city with an average household size of 1.59 persons. 23.4% of households in Parker Strip are renters.
Income and Rent Overburden in Parker Strip
The median gross income for households in Parker Strip is $52,132 a year, or $4,344 a month. The median rent for the city is $581 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Parker Strip, a household making less than $1,937 a month would be considered overburdened when renting an apartment at or above the median rent. 0% of households who rent are overburdened in Parker Strip.
Area Median Income In Parker Strip
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 Parker Strip, the AMI is calculated from all households within La Paz County.
In Parker Strip, HUD calculates the Area Median Income for a family of four as $46,700
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 Parker Strip
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 Parker Strip
|1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% AMI Income Limits
Renters earning up to 30% of the Parker Strip AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Parker Strip AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Parker Strip AMI may qualify for rental assistance programs that target Low Income households.