Affordable Housing In Colchester
McDonough County, Illinois

1 Low Income Apartment Communities In Colchester

Colchester Apartments

592-598 Coal Street
Colchester, Illinois
Call For Rent
1-2 BR
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Section 8 Vouchers, Apartments, and Waiting Lists in Colchester, Illinois

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Colchester, Illinois

Housing Authority Programs
Housing Authority of McDonough County Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Colchester, Illinois

There are 1 low income housing apartment communities offering 64 affordable apartments for rent in Colchester, Illinois.

Income Based Apartments in Colchester, Illinois

Colchester 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 Colchester, Illinois

There are 64 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Colchester.

Housing Choice Vouchers in Colchester, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Colchester, Illinois for a two-bedroom apartment is between $715 and $873.

2023 Colchester, 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
Colchester, Illinois Fair Market Rent $545 $650 $794 $1,078 $1,232
Colchester, Illinois Payment Standard Range $491 to $600 $585 to $715 $715 to $873 $970 to $1,186 $1,109 to $1,355

Sourced from federal housing data and AffordableHousingOnline.com research.

Colchester, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 64
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 27.29%
Average Renter Household Size 2.13
Average Household Size 2.39
Median Household Income $35,647 ±$5,339
Median Rent $491 ±$106
Percentage Of Renters Overburdened 39.2% ± 17.64pp
Total Population 1,539

Population and Household Demographics

Colchester is a city in McDonough County, Illinois with a population of 1,539. There are 645 households in the city with an average household size of 2.39 persons. 27.29% of households in Colchester are renters.

Income and Rent Overburden in Colchester

The median gross income for households in Colchester is $35,647 a year, or $2,971 a month. The median rent for the city is $491 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Colchester, a household making less than $1,637 a month would be considered overburdened when renting an apartment at or above the median rent. 39.2% of households who rent are overburdened in Colchester.

Area Median Income In Colchester

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 Colchester, the AMI is calculated from all households within McDonough County.

In Colchester, HUD calculates the Area Median Income for a family of four as $78,300

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 Colchester

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 Colchester

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 Colchester AMI may qualify for rental assistance programs that target Extremely Low Income households.
$16,450 $18,800 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Colchester AMI may qualify for rental assistance programs that target Very Low Income households.
$27,450 $31,350 $35,250 $39,150 $42,300 $45,450 $48,550 $51,700
80% AMI Income Limits
Renters earning up to 80% of the Colchester AMI may qualify for rental assistance programs that target Low Income households.
$43,900 $50,150 $56,400 $62,650 $67,700 $72,700 $77,700 $82,700