Affordable Housing In Rio Rico
Santa Cruz County, Arizona

1 Low Income Apartment Communities In Rio Rico

El Destino

1271 W Frontage Rd
Rio Rico, Arizona
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Guide To Affordable Housing in Rio Rico, Arizona

There are 1 low income housing apartment communities offering 61 affordable apartments for rent in Rio Rico, Arizona.

Income Based Apartments in Rio Rico, Arizona

Rio Rico 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 Rio Rico, Arizona

There are 61 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rio Rico.

Housing Choice Vouchers in Rio Rico, Arizona

On average, Section 8 Housing Choice vouchers pay Rio Rico landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Rio Rico.

The maximum amount a voucher would pay on behalf of a low-income tenant in Rio Rico, Arizona for a two-bedroom apartment is between $761 and $931.

2022 Rio Rico, 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
Rio Rico, Arizona Fair Market Rent $574 $643 $846 $1,143 $1,147
Rio Rico, Arizona Payment Standard Range $517 to $631 $579 to $707 $761 to $931 $1,029 to $1,257 $1,032 to $1,262

Sourced from federal housing data and AffordableHousingOnline.com research.

Rio Rico, AZ Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 61
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 19.56%
Average Renter Household Size 3.41
Average Household Size 3.35
Median Household Income $50,773 ±$4,254
Median Rent $758 ±$126
Percentage Of Renters Overburdened 28.77% ± 13.23pp
Total Population 18,760

Population and Household Demographics

Rio Rico is a city in Santa Cruz County, Arizona with a population of 18,760. There are 5,599 households in the city with an average household size of 3.35 persons. 19.56% of households in Rio Rico are renters.

Income and Rent Overburden in Rio Rico

The median gross income for households in Rio Rico is $50,773 a year, or $4,231 a month. The median rent for the city is $758 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Rio Rico, a household making less than $2,527 a month would be considered overburdened when renting an apartment at or above the median rent. 28.77% of households who rent are overburdened in Rio Rico.

Area Median Income In Rio Rico

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 Rio Rico, the AMI is calculated from all households within Santa Cruz County.

In Rio Rico, HUD calculates the Area Median Income for a family of four as $47,100

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 Rio Rico

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 Rio Rico

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 Rio Rico AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $25,850 $27,950 $30,000 $32,100 $34,150
50% AMI Income Limits
Renters earning up to 50% of the Rio Rico AMI may qualify for rental assistance programs that target Very Low Income households.
$18,100 $20,700 $23,300 $25,850 $27,950 $30,000 $32,100 $34,150
80% AMI Income Limits
Renters earning up to 80% of the Rio Rico AMI may qualify for rental assistance programs that target Low Income households.
$28,950 $33,100 $37,250 $41,350 $44,700 $48,000 $51,300 $54,600