There are 23,951 low-income apartments in Fulton County that offer reduced rents to eligible households. Low-income rents in Fulton County, Georgia can range from $660 to $1,702 depending on the number of bedrooms.
Rental assistance programs support 19,026 low-income homes in Fulton County where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $381 towards rent each month.
Affordable rent data for some communities last confirmed on March 31st, 2023. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
|Housing Authority of Fulton County||Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Section 8 Project-Based Voucher (PBV)|
Fulton County features 19,026 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
There are 23,951 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fulton County.
On average, Section 8 Housing Choice vouchers pay Fulton County landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Fulton County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fulton County, Georgia for a two-bedroom apartment is between $1,398 and $1,708.
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|
|Fulton County, Georgia Fair Market Rent||$1,345||$1,375||$1,553||$1,890||$2,308|
|Fulton County, Georgia Payment Standard Range||$1,211 to $1,480||$1,238 to $1,513||$1,398 to $1,708||$1,701 to $2,079||$2,077 to $2,539|
Sourced from federal housing data and AffordableHousingOnline.com research.
|Total Affordable Apartment Properties||310|
|Total Low Income Apartments||43,392|
|Total Housing Units with Rental Assistance||19,026|
|Percentage of Housing Units Occupied By Renters||48.25%|
|Average Renter Household Size||2.35|
|Average Household Size||2.50|
|Median Household Income||$57,207 ±$835|
|Median Rent||$1,001 ±$9|
|Percentage Of Renters Overburdened||47.27% ± 1.14pp|
Fulton County is a county in Georgia with a population of 983,903. There are 379,957 households in the county with an average household size of 2.50 persons. 48.25% of households in Fulton County are renters.
The median gross income for households in Fulton County is $57,207 a year, or $4,767 a month. The median rent for the county is $1,001 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fulton County, a household making less than $3,337 a month would be considered overburdened when renting an apartment at or above the median rent. 47.27% of households who rent are overburdened in Fulton County.
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.
In Fulton County, HUD calculates the Area Median Income for a family of four as $103,500
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 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.
|1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% AMI Income Limits
Renters earning up to 30% of the Fulton County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Fulton County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Fulton County AMI may qualify for rental assistance programs that target Low Income households.