Affordable Housing In Coal City
Grundy County, Illinois

2 Low Income Apartment Communities In Coal City

Coal City Country Place Apartments

1200 Country Place Court
Coal City, Illinois
Call For Rent
1-2 BR
Accepts Vouchers

Coal City Meadows Apartments

455 West Division St
Coal City, Illinois
Call For Rent
1-2 BR
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Housing Authorities that serve Coal City

Housing Authority Programs
Grundy County Housing Authority Public Housing

Guide To Affordable Housing in Coal City, Illinois

There are 2 low income housing apartment communities offering 24 affordable apartments for rent in Coal City, Illinois.

Income Based Apartments in Coal City, Illinois

Coal 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 Coal City, Illinois

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Coal City.

Housing Choice Vouchers in Coal City, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Coal City, Illinois for a two-bedroom apartment is between $1,042 and $1,274.

2020 Coal City, Illinois 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 $873 $879 $1,158 $1,492 $1,569
Payment Standard Range $786 to $960 $791 to $967 $1,042 to $1,274 $1,343 to $1,641 $1,412 to $1,726

Sourced from federal housing data and AffordableHousingOnline.com research.

Coal City, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 24
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 24.93%
Average Renter Household Size 2.55
Average Household Size 2.68
Median Household Income $64,659 ±$12,486
Median Rent $965 ±$99
Percentage Of Renters Overburdened 22.14% ± 11.71pp
Total Population 5,724

Population and Household Demographics

Coal City is a City in Grundy County, Illinois with a population of 5,724. There are 2,138 households in the city with an average household size of 2.68 persons. 24.93% of households in Coal City are renters.

Income and Rent Overburden in Coal City

The median gross income for households in Coal City is $64,659 a year, or $5,388 a month. The median rent for the city is $965 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Coal City, a household making less than $3,217 a month would be considered overburdened when renting an apartment at or above the median rent. 22.14% of households who rent are overburdened in Coal City.1

Area Median Income In Coal 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 Coal City, the AMI is calculated from all households within Grundy County.

In Coal City, HUD calculates the Area Median Income for a family of four as $85,300

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 Coal 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 Coal City

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,950 $20,500 $23,050 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $29,900 $34,150 $38,400 $42,650 $46,100 $49,500 $52,900 $56,300
80% of Median $47,800 $54,600 $61,450 $68,250 $73,750 $79,200 $84,650 $90,100