Affordable Housing In Mchenry
McHenry County, Illinois

4 Low Income Apartment Communities In Mchenry

Hillcrest Apartments

1916 N Orleans St
Mchenry, IL
Call For Rent
1-3 BR
62+
Subsidized

Fox Hill Senior Housing, Inc

302 Front ST
Mchenry, IL
62+
Accessible
Elderly Supportive Housing
Subsidized

Living Springs of Mchenry Slf

4609 W Crystal Lake Rd
Mchenry, IL
HCV Welcome

Draper Home Project

1315 N Draper Rd
Mchenry, IL
HCV Welcome
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Housing Authorities that serve Mchenry

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

Guide To Affordable Housing in Mchenry, Illinois

There are 4 low income housing apartment communities offering 255 affordable apartments for rent in Mchenry, Illinois. Mchenry features 148 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 107 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Mchenry.

Sourced from federal housing data and AffordableHousingOnline.com research.

Mchenry, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 255
Total Housing Units with Rental Assistance 148
Percentage of Housing Units Occupied By Renters 27.26%
Average Renter Household Size 2.36
Average Household Size 2.60
Median Household Income $62,625 ±$4,868
Median Rent $1,028 ±$82
Percentage Of Renters Overburdened 55.72% ± 7.77pp
Total Population 26,739

Population and Household Demographics

Mchenry is a City in McHenry County, Illinois with a population of 26,739. There are 10,204 households in the city with an average household size of 2.60 persons. 27.26% of households in Mchenry are renters.

Income and Rent Overburden in Mchenry

The median gross income for households in Mchenry is $62,625 a year, or $5,219 a month. The median rent for the city is $1,028 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mchenry, a household making less than $3,427 a month would be considered overburdened when renting an apartment at or above the median rent. 55.72% of households who rent are overburdened in Mchenry.1

Area Median Income In Mchenry

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 Mchenry, the AMI is calculated from all households within McHenry County.

In Mchenry, HUD calculates the Area Median Income for a family of four as $89,100

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 Mchenry

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 Mchenry HUD Rental Assistance in Mchenry

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,750 $21,400 $24,100 $26,750 $30,170 $34,590 $39,010 $43,430
50% of Median $31,200 $35,650 $40,100 $44,550 $48,150 $51,700 $55,250 $58,850
80% of Median $49,950 $57,050 $64,200 $71,300 $77,050 $82,750 $88,450 $94,150
Fair Market Rents in Mchenry

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$956 $1,076 $1,248 $1,585 $1,888