Genesee, Idaho Affordable Housing Data

Income Based Apartments in Genesee, Idaho

Genesee 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 Genesee, Idaho

There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Genesee.

Housing Choice Vouchers in Genesee, Idaho

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Genesee, Idaho for a two-bedroom apartment is between $777 and $949.

2023 Genesee, 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.

Sourced from federal housing data and AffordableHousingOnline.com research.

Genesee, ID Affordable Housing Snapshot

Total Affordable Apartment Properties	1
Total Low Income Apartments	16
Total Housing Units with Rental Assistance	0
Percentage of Housing Units Occupied By Renters	22.43%
Average Renter Household Size	2.27
Average Household Size	2.46
Median Household Income	$57,083 ±$9,652
Median Rent	$759 ±$169
Percentage Of Renters Overburdened	33.73% ± 17.15pp
Total Population	910

Population and Household Demographics

Genesee is a city in Latah County, Idaho with a population of 910. There are 370 households in the city with an average household size of 2.46 persons. 22.43% of households in Genesee are renters.

Income and Rent Overburden in Genesee

The median gross income for households in Genesee is $57,083 a year, or $4,757 a month. The median rent for the city is $759 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Genesee, a household making less than $2,530 a month would be considered overburdened when renting an apartment at or above the median rent. 33.73% of households who rent are overburdened in Genesee.

Area Median Income In Genesee

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 Genesee, the AMI is calculated from all households within Latah County.

In Genesee, HUD calculates the Area Median Income for a family of four as $94,300

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 Genesee

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 Genesee