Affordable Housing In Latah County
11 Low Income Apartment Communities In Latah County
Guide To Affordable Housing in Latah County, Idaho
There are 11 low income housing apartment communities offering 518 affordable apartments for rent in Latah County, Idaho.
Income Based Apartments in Latah County, Idaho
Latah County features 31 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 Latah County, Idaho
There are 487 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Latah County.
Housing Choice Vouchers in Latah County, Idaho
On average, Section 8 Housing Choice vouchers pay Latah County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Latah County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Latah County, Idaho for a two-bedroom apartment is between $751 and $917.
2022 Latah County, 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|
|Latah County, Idaho Fair Market Rent||$580||$664||$834||$1,185||$1,427|
|Latah County, Idaho Payment Standard Range||$522 to $638||$598 to $730||$751 to $917||$1,067 to $1,304||$1,284 to $1,570|
Sourced from federal housing data and AffordableHousingOnline.com research.
Latah County, ID Affordable Housing Snapshot
|Total Affordable Apartment Properties||11|
|Total Low Income Apartments||518|
|Total Housing Units with Rental Assistance||31|
|Percentage of Housing Units Occupied By Renters||45.96%|
|Average Renter Household Size||2.06|
|Average Household Size||2.33|
|Median Household Income||$42,439 ±$2,751|
|Median Rent||$658 ±$22|
|Percentage Of Renters Overburdened||54.81% ± 6.83pp|
Population and Household Demographics
Latah County is a county in Idaho with a population of 38,339. There are 15,080 households in the county with an average household size of 2.33 persons. 45.96% of households in Latah County are renters.
Income and Rent Overburden in Latah County
The median gross income for households in Latah County is $42,439 a year, or $3,537 a month. The median rent for the county is $658 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Latah County, a household making less than $2,193 a month would be considered overburdened when renting an apartment at or above the median rent. 54.81% of households who rent are overburdened in Latah County.
Area Median Income In Latah 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 Latah County, HUD calculates the Area Median Income for a family of four as $78,900
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 Latah 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 HUD Rental Assistance in Latah County
|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 Latah 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 Latah 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 Latah County AMI may qualify for rental assistance programs that target Low Income households.