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Affordable Housing In Lake Elsinore
Riverside County, California

5 Low Income Apartment Communities In Lake Elsinore

Lakeview Apartments I

32209 Riverside Drive
Lake Elsinore, California
Call For Rent
1-3 BR

Cottages at Mission Trail

Mission Trail
Lake Elsinore, California

Lakeview Apartments II

32211 Riverside Drive
Lake Elsinore, California

Parkside Apartments

442 N Kellogg St
Lake Elsinore, California

Villa Siena Apartments

31300 Auto Center Dr
Lake Elsinore, California
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Housing Authorities that serve Lake Elsinore

Housing Authority Programs
Housing Authority of the County of Riverside Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Lake Elsinore, California

There are 5 low income housing apartment communities offering 458 affordable apartments for rent in Lake Elsinore, California.

Income Based Apartments in Lake Elsinore, California

Lake Elsinore features 64 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 Lake Elsinore, California

There are 306 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lake Elsinore.

Housing Choice Vouchers in Lake Elsinore, California

On average, Section 8 Housing Choice vouchers pay Lake Elsinore landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Lake Elsinore.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lake Elsinore, California for a two-bedroom apartment is between $1,160 and $1,418.

2020 Lake Elsinore, 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 $875 $1,030 $1,289 $1,789 $2,216
Payment Standard Range $788 to $963 $927 to $1,133 $1,160 to $1,418 $1,610 to $1,968 $1,994 to $2,438

Sourced from federal housing data and research.

Lake Elsinore, CA Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 458
Total Housing Units with Rental Assistance 64
Percentage of Housing Units Occupied By Renters 36.42%
Average Renter Household Size 3.79
Average Household Size 3.74
Median Household Income $61,248 ±$1,728
Median Rent $1,254 ±$62
Percentage Of Renters Overburdened 59.87% ± 5.33pp
Total Population 58,003

Population and Household Demographics

Lake Elsinore is a city in Riverside County, California with a population of 58,003. There are 15,462 households in the city with an average household size of 3.74 persons. 36.42% of households in Lake Elsinore are renters.

Income and Rent Overburden in Lake Elsinore

The median gross income for households in Lake Elsinore is $61,248 a year, or $5,104 a month. The median rent for the city is $1,254 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lake Elsinore, a household making less than $4,180 a month would be considered overburdened when renting an apartment at or above the median rent. 59.87% of households who rent are overburdened in Lake Elsinore.

Area Median Income In Lake Elsinore

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 Lake Elsinore, the AMI is calculated from all households within Riverside County.

In Lake Elsinore, HUD calculates the Area Median Income for a family of four as $75,300

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 Lake Elsinore

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 Lake Elsinore

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,850 $18,100 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $26,400 $30,150 $33,900 $37,650 $40,700 $43,700 $46,700 $49,700
80% of Median $42,200 $48,200 $54,250 $60,250 $65,100 $69,900 $74,750 $79,550