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Affordable Housing In Palo Cedro
Shasta County, California

Housing Authorities that serve Palo Cedro

Housing Authority Programs
Shasta County Housing Authority Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Homeownership; Family Unification Program (FUP)

Guide To Affordable Housing in Palo Cedro, California

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Palo Cedro, California.

Income Based Apartments in Palo Cedro, California

Palo Cedro 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 Palo Cedro, California

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Palo Cedro.

Housing Choice Vouchers in Palo Cedro, California

On average, Section 8 Housing Choice vouchers pay Palo Cedro landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Palo Cedro.

The maximum amount a voucher would pay on behalf of a low-income tenant in Palo Cedro, California for a two-bedroom apartment is between $869 and $1,063.

2020 Palo Cedro, 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 $630 $744 $966 $1,394 $1,696
Payment Standard Range $567 to $693 $670 to $818 $869 to $1,063 $1,255 to $1,533 $1,526 to $1,866

Sourced from federal housing data and research.

Palo Cedro, CA Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 10.6%
Average Renter Household Size 3.55
Average Household Size 2.95
Median Household Income $80,659 ±$3,803
Median Rent $2,375 ±$1,764
Percentage Of Renters Overburdened 85.45% ± 50.75pp
Total Population 1,543

Population and Household Demographics

Palo Cedro is a city in Shasta County, California with a population of 1,543. There are 519 households in the city with an average household size of 2.95 persons. 10.6% of households in Palo Cedro are renters.

Income and Rent Overburden in Palo Cedro

The median gross income for households in Palo Cedro is $80,659 a year, or $6,722 a month. The median rent for the city is $2,375 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Palo Cedro, a household making less than $7,917 a month would be considered overburdened when renting an apartment at or above the median rent. 85.45% of households who rent are overburdened in Palo Cedro.

Area Median Income In Palo Cedro

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 Palo Cedro, the AMI is calculated from all households within Shasta County.

In Palo Cedro, HUD calculates the Area Median Income for a family of four as $68,500

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 Palo Cedro

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 Palo Cedro

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,700 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $24,500 $28,000 $31,500 $34,950 $37,750 $40,550 $43,350 $46,150
80% of Median $39,150 $44,750 $50,350 $55,900 $60,400 $64,850 $69,350 $73,800