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Affordable Housing In Larkspur
Marin County, California

4 Low Income Apartment Communities In Larkspur

Drakes Way

20 Drakes Way
Larkspur, California

Edgewater Place

26 Edgewater Pl
Larkspur, California

Larkspur Isle

Larkspur Plaza Dr
Larkspur, California

Edgewater Place II

10 Edgewater Pl
Larkspur, California
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Housing Authorities that serve Larkspur

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

Guide To Affordable Housing in Larkspur, California

There are 4 low income housing apartment communities offering 80 affordable apartments for rent in Larkspur, California.

Income Based Apartments in Larkspur, California

Larkspur 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 Larkspur, California

There are 80 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Larkspur.

Housing Choice Vouchers in Larkspur, California

On average, Section 8 Housing Choice vouchers pay Larkspur landlords $1,800 per month towards rent. The average voucher holder contributes $500 towards rent in Larkspur.

The maximum amount a voucher would pay on behalf of a low-income tenant in Larkspur, California for a two-bedroom apartment is between $3,005 and $3,673.

2020 Larkspur, 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 $2,197 $2,720 $3,339 $4,365 $4,657
Payment Standard Range $1,977 to $2,417 $2,448 to $2,992 $3,005 to $3,673 $3,929 to $4,802 $4,191 to $5,123

Sourced from federal housing data and research.

Larkspur, CA Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 80
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 53.81%
Average Renter Household Size 1.82
Average Household Size 2.05
Median Household Income $88,829 ±$6,264
Median Rent $1,820 ±$56
Percentage Of Renters Overburdened 50.32% ± 7.12pp
Total Population 12,219

Population and Household Demographics

Larkspur is a city in Marin County, California with a population of 12,219. There are 5,891 households in the city with an average household size of 2.05 persons. 53.81% of households in Larkspur are renters.

Income and Rent Overburden in Larkspur

The median gross income for households in Larkspur is $88,829 a year, or $7,402 a month. The median rent for the city is $1,820 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Larkspur, a household making less than $6,067 a month would be considered overburdened when renting an apartment at or above the median rent. 50.32% of households who rent are overburdened in Larkspur.

Area Median Income In Larkspur

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 Larkspur, the AMI is calculated from all households within Marin County.

In Larkspur, HUD calculates the Area Median Income for a family of four as $143,100

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 Larkspur

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 Larkspur

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $36,550 $41,800 $47,000 $52,200 $56,400 $60,600 $64,750 $68,950
50% of Median $60,900 $69,600 $78,300 $87,000 $94,000 $100,950 $107,900 $114,850
80% of Median $97,600 $111,550 $125,500 $139,400 $150,600 $161,750 $172,900 $184,050