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Affordable Housing In Diamond Springs
El Dorado County, California

4 Low Income Apartment Communities In Diamond Springs

Diamond Sunrise

4015 Panther Ln
Diamond Springs, California
Call For Rent
1 BR
Elderly Supportive Housing

Diamond Springs I

643 Pearl Place
Diamond Springs, California
Call For Rent
2-3 BR

Diamond Terrace Apartments

6035 Service Dr
Diamond Springs, California
Call For Rent
2-4 BR

Diamond Springs II

643 Pearl Pl
Diamond Springs, California
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Housing Authorities that serve Diamond Springs

Housing Authority Programs
El Dorado County Public Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Diamond Springs, California

There are 4 low income housing apartment communities offering 141 affordable apartments for rent in Diamond Springs, California.

Income Based Apartments in Diamond Springs, California

Diamond Springs features 79 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 Diamond Springs, California

There are 62 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Diamond Springs.

Housing Choice Vouchers in Diamond Springs, California

On average, Section 8 Housing Choice vouchers pay Diamond Springs landlords $800 per month towards rent. The average voucher holder contributes $500 towards rent in Diamond Springs.

The maximum amount a voucher would pay on behalf of a low-income tenant in Diamond Springs, California for a two-bedroom apartment is between $1,346 and $1,645.

2021 Diamond Springs, California 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 $1,060 $1,188 $1,495 $2,140 $2,588
Payment Standard Range $954 to $1,166 $1,069 to $1,307 $1,346 to $1,645 $1,926 to $2,354 $2,329 to $2,847

Sourced from federal housing data and research.

Diamond Springs, CA Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 141
Total Housing Units with Rental Assistance 79
Percentage of Housing Units Occupied By Renters 27.77%
Average Renter Household Size 2.82
Average Household Size 2.68
Median Household Income $53,079 ±$9,445
Median Rent $1,201 ±$199
Percentage Of Renters Overburdened 48.55% ± 12.7pp
Total Population 12,459

Population and Household Demographics

Diamond Springs is a city in El Dorado County, California with a population of 12,459. There are 4,591 households in the city with an average household size of 2.68 persons. 27.77% of households in Diamond Springs are renters.

Income and Rent Overburden in Diamond Springs

The median gross income for households in Diamond Springs is $53,079 a year, or $4,423 a month. The median rent for the city is $1,201 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Diamond Springs, a household making less than $4,003 a month would be considered overburdened when renting an apartment at or above the median rent. 48.55% of households who rent are overburdened in Diamond Springs.

Area Median Income In Diamond Springs

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 Diamond Springs, the AMI is calculated from all households within El Dorado County.

In Diamond Springs, HUD calculates the Area Median Income for a family of four as $86,300

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 Diamond Springs

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 Diamond Springs

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,150 $20,750 $23,350 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $30,250 $34,550 $38,850 $43,150 $46,650 $50,100 $53,550 $57,000
80% of Median $48,350 $55,250 $62,150 $69,050 $74,600 $80,100 $85,650 $91,150