Affordable Housing In Wildomar
Riverside County, California

1 Low Income Apartment Communities In Wildomar

Wildomar Senior Living

32325 S Pasadena
Wildomar, CA
HCV Welcome
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Housing Authorities that serve Wildomar

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

Guide To Affordable Housing in Wildomar, California

There are 1 low income housing apartment communities offering 176 affordable apartments for rent in Wildomar, California. Wildomar features 0 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 176 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Wildomar.

Sourced from federal housing data and AffordableHousingOnline.com research.

Wildomar, CA Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 176
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 30.24%
Average Renter Household Size 3.70
Average Household Size 3.46
Median Household Income $62,489 ±$3,251
Median Rent $1,436 ±$60
Percentage Of Renters Overburdened 62.32% ± 7.83pp
Total Population 34,220

Population and Household Demographics

Wildomar is a City in Riverside County, California with a population of 34,220. There are 9,856 households in the city with an average household size of 3.46 persons. 30.24% of households in Wildomar are renters.

Income and Rent Overburden in Wildomar

The median gross income for households in Wildomar is $62,489 a year, or $5,207 a month. The median rent for the city is $1,436 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wildomar, a household making less than $4,787 a month would be considered overburdened when renting an apartment at or above the median rent. 62.32% of households who rent are overburdened in Wildomar.1

Area Median Income In Wildomar

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

In Wildomar, 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 Wildomar

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 Wildomar HUD Rental Assistance in Wildomar

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
Low Income Housing Tax Credits in Wildomar

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2000 to 2000, 1 low income apartment communities containing 175 rental apartments have been constructed and made affordable to low income persons in Wildomar by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Wildomar

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $25,150 $28,750 $32,350 $35,900 $38,800 $41,650 $44,550 $47,400
60% of Median $30,180 $34,500 $38,820 $43,080 $46,560 $49,980 $53,460 $56,880

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Wildomar is $38,820 a year, or $3,235 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,235 by 30% to get a maximum rent of $971 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $629 $674 $809 $934 $1,041 $1,149
60% $755 $809 $971 $1,121 $1,250 $1,379
Fair Market Rents in Wildomar

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