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Affordable Housing In Valley Ranch
Plumas County, California

Housing Authorities that serve Valley Ranch

Housing Authority Programs
Plumas County Community Development Commission and Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Valley Ranch, California

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

Income Based Apartments in Valley Ranch, California

Valley Ranch 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 Valley Ranch, California

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

Housing Choice Vouchers in Valley Ranch, California

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Valley Ranch, California for a two-bedroom apartment is between $824 and $1,008.

2020 Valley Ranch, 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 $619 $722 $916 $1,250 $1,453
Payment Standard Range $557 to $681 $650 to $794 $824 to $1,008 $1,125 to $1,375 $1,308 to $1,598

Sourced from federal housing data and AffordableHousingOnline.com research.

Valley Ranch, 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 %
Average Renter Household Size 0.00
Average Household Size 2.00
Median Household Income $118,750 ±$16,629
Median Rent $0 ±$0
Total Population 44

Population and Household Demographics

Valley Ranch is a city in Plumas County, California with a population of 44. There are 22 households in the city with an average household size of 2.00 persons. % of households in Valley Ranch are renters.

Income and Rent Overburden in Valley Ranch

The median gross income for households in Valley Ranch is $118,750 a year, or $9,896 a month. The median rent for the city is $0 a month.

Area Median Income In Valley Ranch

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 Valley Ranch, the AMI is calculated from all households within Plumas County.

In Valley Ranch, HUD calculates the Area Median Income for a family of four as $72,200

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 Valley Ranch

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 Valley Ranch

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,200 $17,350 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $25,300 $28,900 $32,500 $36,100 $39,000 $41,900 $44,800 $47,700
80% of Median $40,450 $46,200 $52,000 $57,750 $62,400 $67,000 $71,650 $76,250