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Affordable Housing In Meridian
Ada County, Idaho

9 Low Income Apartment Communities In Meridian

The Foothills

2308 E Franklin Rd
Meridian, Idaho
Call For Rent
2-4 BR

Meridian Park Apartments

40 Hope Arms Ln
Meridian, Idaho
Call For Rent
1-3 BR

James Court Apartments

2190 N Meridian Rd
Meridian, Idaho
Subsidized

Tramore Senior Apartments

1103 W. Pine Ave.
Meridian, Idaho
62+

Emerald Village IV

1150 Riverside Ave.
Meridian, Idaho

Leisure Village VII Mw

1721 NW 8th St
Meridian, Idaho
Subsidized

Washington Square II

510 E Washington Ave
Meridian, Idaho

Hope Arms

96 Hope Arms Ln
Meridian, Idaho

Northgate Villas 2

1400 W Maple Ave
Meridian, Idaho
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Housing Authorities that serve Meridian

Housing Authority Programs
Ada County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Boise City Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Meridian, Idaho

There are 9 low income housing apartment communities offering 326 affordable apartments for rent in Meridian, Idaho.

Income Based Apartments in Meridian, Idaho

Meridian features 68 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 Meridian, Idaho

There are 258 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Meridian.

Housing Choice Vouchers in Meridian, Idaho

On average, Section 8 Housing Choice vouchers pay Meridian landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Meridian.

The maximum amount a voucher would pay on behalf of a low-income tenant in Meridian, Idaho for a two-bedroom apartment is between $847 and $1,035.

2020 Meridian, 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
Fair Market Rent $613 $748 $941 $1,346 $1,548
Payment Standard Range $552 to $674 $673 to $823 $847 to $1,035 $1,211 to $1,481 $1,393 to $1,703

Sourced from federal housing data and AffordableHousingOnline.com research.

Meridian, ID Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 326
Total Housing Units with Rental Assistance 68
Percentage of Housing Units Occupied By Renters 24.3%
Average Renter Household Size 2.86
Average Household Size 2.84
Median Household Income $63,023 ±$3,062
Median Rent $1,003 ±$61
Percentage Of Renters Overburdened 45.97% ± 5.4pp
Total Population 84,018

Population and Household Demographics

Meridian is a city in Ada County, Idaho with a population of 84,018. There are 29,499 households in the city with an average household size of 2.84 persons. 24.3% of households in Meridian are renters.

Income and Rent Overburden in Meridian

The median gross income for households in Meridian is $63,023 a year, or $5,252 a month. The median rent for the city is $1,003 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Meridian, a household making less than $3,343 a month would be considered overburdened when renting an apartment at or above the median rent. 45.97% of households who rent are overburdened in Meridian.

Area Median Income In Meridian

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 Meridian, the AMI is calculated from all households within Ada County.

In Meridian, HUD calculates the Area Median Income for a family of four as $74,800

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 Meridian

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 Meridian

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,750 $18,000 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $26,200 $29,950 $33,700 $37,400 $40,400 $43,400 $46,400 $49,400
80% of Median $41,900 $47,900 $53,900 $59,850 $64,650 $69,450 $74,250 $79,050