Affordable Housing In Bonneville County

19 Low Income Apartment Communities In Bonneville County

Bonneville Apartments

635 Park Ave
Idaho Falls, ID
HCV Welcome

Aspen Park Apartments

1440 Elizabeth Dr
Idaho Falls, ID
HCV Welcome

Chelsea Court Apartments ( Canterbury )

2235 12th St
Idaho Falls, ID
HCV Welcome

Eagle Pointe Apartments

Intersection E 17th St & S 45th East Rd
Ammon, ID
HCV Welcome

Teton Apartments

2775 Saint Clair Rd
Idaho Falls, ID
HCV Welcome

Rosslare Senior

1085 Hoopes Ave
Idaho Falls, ID
HCV Welcome

Buttes the )

555 S Old Butte Hwy
Idaho Falls, ID
HCV Welcome

Summerhill Apartments

973 Hoopes Ave
Idaho Falls, ID
HCV Welcome

Choice - Rental Acquisition

690 James Pl
Idaho Falls, ID
HCV Welcome

Guide To Affordable Housing in Bonneville County, Idaho

There are 19 low income housing apartment communities offering 978 affordable apartments for rent in Bonneville County, Idaho. Bonneville County features 264 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 714 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Bonneville County.

Sourced from federal housing data and research.

Bonneville County, ID Affordable Housing Snapshot

Total Affordable Apartment Properties 19
Total Low Income Apartments 978
Total Housing Units with Rental Assistance 264
Percentage of Housing Units Occupied By Renters 28.44%
Average Renter Household Size 2.63
Average Household Size 2.90
Median Household Income $50,762 ±$1,206
Median Rent $720 ±$19
Percentage Of Renters Overburdened 46.76% ± 4.07pp
Total Population 107,788

Population and Household Demographics

Bonneville County is a County in Idaho with a population of 107,788. There are 36,686 households in the county with an average household size of 2.90 persons. 28.44% of households in Bonneville County are renters.

Income and Rent Overburden in Bonneville County

The median gross income for households in Bonneville County is $50,762 a year, or $4,230 a month. The median rent for the county is $720 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bonneville County, a household making less than $2,400 a month would be considered overburdened when renting an apartment at or above the median rent. 46.76% of households who rent are overburdened in Bonneville County.1

Area Median Income In Bonneville 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 Bonneville County, HUD calculates the Area Median Income for a family of four as $72,500

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 Bonneville County

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 Bonneville County HUD Rental Assistance in Bonneville County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,350 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,950 $27,400 $30,800 $34,200 $36,950 $39,700 $42,450 $45,150
80% of Median $38,300 $43,800 $49,250 $54,700 $59,100 $63,500 $67,850 $72,250
Low Income Housing Tax Credits in Bonneville County

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

From 1994 to 2012, 9 low income apartment communities containing 636 rental apartments have been constructed and made affordable to low income persons in Bonneville County 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 Bonneville County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $23,950 $27,400 $30,800 $34,200 $36,950 $39,700 $42,450 $45,150
60% of Median $28,740 $32,880 $36,960 $41,040 $44,340 $47,640 $50,940 $54,180

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 Bonneville County is $36,960 a year, or $3,080 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,080 by 30% to get a maximum rent of $924 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% $599 $642 $770 $889 $993 $1,095
60% $719 $770 $924 $1,067 $1,191 $1,314
Fair Market Rents in Bonneville County

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
$522 $645 $792 $1,143 $1,364

Cities In Bonneville County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Idaho Falls 16
Ammon 3
Irwin 0
Ucon 0
Iona 0
Lincoln 0
Ririe 0
Swan Valley 0