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Affordable Housing In Rancho Santa Fe
San Diego County, California

Guide To Affordable Housing in Rancho Santa Fe, California

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Rancho Santa Fe, California.

Income Based Apartments in Rancho Santa Fe, California

Rancho Santa Fe 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 Rancho Santa Fe, California

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

Housing Choice Vouchers in Rancho Santa Fe, California

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Rancho Santa Fe, California for a two-bedroom apartment is between $1,833 and $2,241.

2020 Rancho Santa Fe, 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 $1,404 $1,566 $2,037 $2,894 $3,576
Payment Standard Range $1,264 to $1,544 $1,409 to $1,723 $1,833 to $2,241 $2,605 to $3,183 $3,218 to $3,934

Sourced from federal housing data and AffordableHousingOnline.com research.

Rancho Santa Fe, 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 19.68%
Average Renter Household Size 3.01
Average Household Size 2.79
Median Household Income $111,250 ±$50,240
Median Rent $2,365 ±$670
Percentage Of Renters Overburdened 22.71% ± 21.18pp
Total Population 2,936

Population and Household Demographics

Rancho Santa Fe is a city in San Diego County, California with a population of 2,936. There are 1,052 households in the city with an average household size of 2.79 persons. 19.68% of households in Rancho Santa Fe are renters.

Income and Rent Overburden in Rancho Santa Fe

The median gross income for households in Rancho Santa Fe is $111,250 a year, or $9,271 a month. The median rent for the city is $2,365 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Rancho Santa Fe, a household making less than $7,883 a month would be considered overburdened when renting an apartment at or above the median rent. 22.71% of households who rent are overburdened in Rancho Santa Fe.

Area Median Income In Rancho Santa Fe

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 Rancho Santa Fe, the AMI is calculated from all households within San Diego County.

In Rancho Santa Fe, HUD calculates the Area Median Income for a family of four as $92,700

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 Rancho Santa Fe

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 Rancho Santa Fe

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $24,300 $27,750 $31,200 $34,650 $37,450 $40,200 $43,000 $45,750
50% of Median $40,450 $46,200 $52,000 $57,750 $62,400 $67,000 $71,650 $76,250
80% of Median $64,700 $73,950 $83,200 $92,400 $99,800 $107,200 $114,600 $122,000