Affordable Housing In March ARB
Riverside County, California

1 Low Income Apartment Communities In March ARB

March Veterans Village

N Street and 5th Street
March ARB, CA
HCV Welcome
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Housing Authorities that serve March ARB

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

Guide To Affordable Housing in March ARB, California

There are 1 low income housing apartment communities offering 138 affordable apartments for rent in March ARB, California. March ARB features 0 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 138 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in March ARB.

Sourced from federal housing data and research.

March ARB, CA Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 138
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 85.27%
Average Renter Household Size 1.62
Average Household Size 1.60
Median Household Income $68,750 ±$13,044
Median Rent $1,607 ±$813
Percentage Of Renters Overburdened 51.38% ± 15.45pp
Total Population 1,004

Population and Household Demographics

March ARB is a City in Riverside County, California with a population of 1,004. There are 509 households in the city with an average household size of 1.60 persons. 85.27% of households in March ARB are renters.

Income and Rent Overburden in March ARB

The median gross income for households in March ARB is $68,750 a year, or $5,729 a month. The median rent for the city is $1,607 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In March ARB, a household making less than $5,357 a month would be considered overburdened when renting an apartment at or above the median rent. 51.38% of households who rent are overburdened in March ARB.1

Area Median Income In March ARB

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 March ARB, the AMI is calculated from all households within Riverside County.

In March ARB, HUD calculates the Area Median Income for a family of four as $69,700

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 March ARB

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 March ARB HUD Rental Assistance in March ARB

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,100 $17,250 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,150 $28,750 $32,350 $35,900 $38,800 $41,650 $44,550 $47,400
80% of Median $40,250 $46,000 $51,750 $57,450 $62,050 $66,650 $71,250 $75,850
Fair Market Rents in March ARB

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$875 $1,030 $1,289 $1,789 $2,216