. Low Income Apartments For Rent in Thatcher, Arizona - Affordable Housing Online

Gila River II

232 N Chalmers Ln
Thatcher, Arizona
Rent Assisted
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There are 40 low-income apartments in Thatcher that offer reduced rents to eligible households.

Rental assistance programs support 0 low-income homes in Thatcher where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $281 towards rent each month.

Affordable rent data for some communities last confirmed on January 3rd, 2023. Subdsidized rents typically change once a year based on federal guidance.

Thatcher, Arizona Affordable Housing Data

Income Based Apartments in Thatcher, Arizona

Thatcher 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 Thatcher, Arizona

There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Thatcher.

Housing Choice Vouchers in Thatcher, Arizona

On average, Section 8 Housing Choice vouchers pay Thatcher landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Thatcher.

The maximum amount a voucher would pay on behalf of a low-income tenant in Thatcher, Arizona for a two-bedroom apartment is between $923 and $1,129.

2023 Thatcher, 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
Thatcher, Arizona Fair Market Rent $845 $850 $1,026 $1,458 $1,748
Thatcher, Arizona Payment Standard Range $761 to $930 $765 to $935 $923 to $1,129 $1,312 to $1,604 $1,573 to $1,923

Sourced from federal housing data and AffordableHousingOnline.com research.

Thatcher, AZ Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 40
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 37.25%
Average Renter Household Size 2.92
Average Household Size 2.92
Median Household Income $44,167 ±$7,484
Median Rent $740 ±$69
Percentage Of Renters Overburdened 39.97% ± 13.6pp
Total Population 4,935

Population and Household Demographics

Thatcher is a city in Graham County, Arizona with a population of 4,935. There are 1,592 households in the city with an average household size of 2.92 persons. 37.25% of households in Thatcher are renters.

Income and Rent Overburden in Thatcher

The median gross income for households in Thatcher is $44,167 a year, or $3,681 a month. The median rent for the city is $740 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Thatcher, a household making less than $2,467 a month would be considered overburdened when renting an apartment at or above the median rent. 39.97% of households who rent are overburdened in Thatcher.

Area Median Income In Thatcher

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 Thatcher, the AMI is calculated from all households within Graham County.

In Thatcher, HUD calculates the Area Median Income for a family of four as $70,200

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 Thatcher

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 Thatcher

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30% AMI Income Limits
Renters earning up to 30% of the Thatcher AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,700 $19,720 $24,860 $30,000 $35,140 $40,280 $43,400 $46,200
50% AMI Income Limits
Renters earning up to 50% of the Thatcher AMI may qualify for rental assistance programs that target Very Low Income households.
$24,500 $28,000 $31,500 $35,000 $37,800 $40,600 $43,400 $46,200
80% AMI Income Limits
Renters earning up to 80% of the Thatcher AMI may qualify for rental assistance programs that target Low Income households.
$39,200 $44,800 $50,400 $56,000 $60,500 $65,000 $69,450 $73,950