Elk City, Idaho Affordable Housing Data
Income Based Apartments in Elk City, Idaho
Elk City 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 Elk City, Idaho
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Elk City.
Housing Choice Vouchers in Elk City, Idaho
On average, Section 8 Housing Choice vouchers pay Elk City landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Elk City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Elk City, Idaho for a two-bedroom apartment is between $850 and $1,038.
2023 Elk City, Idaho 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 | |
|---|---|---|---|---|---|
| Elk City, Idaho Fair Market Rent | $631 | $717 | $944 | $1,227 | $1,586 |
| Elk City, Idaho Payment Standard Range | $568 to $694 | $645 to $789 | $850 to $1,038 | $1,104 to $1,350 | $1,427 to $1,745 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Elk City, ID 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 | 0.00 |
| Median Household Income | $0 ±$0 |
| Median Rent | $0 ±$0 |
| Total Population | 0 |
Population and Household Demographics
Elk City is a city in Idaho County, Idaho with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Elk City are renters.
Income and Rent Overburden in Elk City
The median gross income for households in Elk City is $0 a year, or $0 a month. The median rent for the city is $0 a month.
Area Median Income In Elk City
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 Elk City, the AMI is calculated from all households within Idaho County.
In Elk City, HUD calculates the Area Median Income for a family of four as $69,400
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 Elk City
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 Elk City
| 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 Elk City AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$14,800 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $43,650 | $46,500 |
| 50% AMI Income Limits Renters earning up to 50% of the Elk City AMI may qualify for rental assistance programs that target Very Low Income households. |
$24,650 | $28,200 | $31,700 | $35,200 | $38,050 | $40,850 | $43,650 | $46,500 |
| 80% AMI Income Limits Renters earning up to 80% of the Elk City AMI may qualify for rental assistance programs that target Low Income households. |
$39,450 | $45,050 | $50,700 | $56,300 | $60,850 | $65,350 | $69,850 | $74,350 |
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