Affordable Housing In Menlo Park
San Mateo County,
7 Low Income Apartment Communities In Menlo Park
Housing Authorities that serve Menlo Park
|Housing Authority of the County of San Mateo||Section 8 Housing Choice Voucher (HCV); Moving to Work|
Guide To Affordable Housing in Menlo Park, California
There are 7 low income housing apartment communities offering 366 affordable apartments for rent in Menlo Park, California.
Income Based Apartments in Menlo Park, California
Menlo Park features 93 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 Menlo Park, California
There are 232 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Menlo Park.
Housing Choice Vouchers in Menlo Park, California
On average, Section 8 Housing Choice vouchers pay Menlo Park landlords $1,500 per month towards rent. The average voucher holder contributes $400 towards rent in Menlo Park.
The maximum amount a voucher would pay on behalf of a low-income tenant in Menlo Park, California for a two-bedroom apartment is between $3,005 and $3,673.
2020 Menlo Park, 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 AffordableHousingOnline.com research.
Menlo Park, CA Affordable Housing Snapshot
|Total Affordable Apartment Properties||7|
|Total Low Income Apartments||366|
|Total Housing Units with Rental Assistance||93|
|Percentage of Housing Units Occupied By Renters||43.43%|
|Average Renter Household Size||2.44|
|Average Household Size||2.69|
|Median Household Income||$121,816 ±$9,532|
|Median Rent||$1,875 ±$69|
|Percentage Of Renters Overburdened||37.69% ± 5.17pp|
Population and Household Demographics
Menlo Park is a City in San Mateo County, California with a population of 33,064. There are 11,907 households in the city with an average household size of 2.69 persons. 43.43% of households in Menlo Park are renters.
Income and Rent Overburden in Menlo Park
The median gross income for households in Menlo Park is $121,816 a year, or $10,151 a month. The median rent for the city is $1,875 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Menlo Park, a household making less than $6,250 a month would be considered overburdened when renting an apartment at or above the median rent. 37.69% of households who rent are overburdened in Menlo Park.1
Area Median Income In Menlo Park
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 Menlo Park, the AMI is calculated from all households within San Mateo County.
In Menlo Park, HUD calculates the Area Median Income for a family of four as $136,800
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 Menlo Park
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 Menlo Park
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$33,850||$38,700||$43,550||$48,350||$52,250||$56,100||$60,000||$63,850|
|50% of Median||$56,450||$64,500||$72,550||$80,600||$87,050||$93,500||$99,950||$106,400|
|80% of Median||$90,450||$103,350||$116,250||$129,150||$139,500||$149,850||$160,150||$170,500|