Affordable Housing In Menard County
8 Low Income Apartment Communities In Menard County
Housing Authorities that serve Menard County
|Menard County Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Menard County, Illinois
There are 8 low income housing apartment communities offering 259 affordable apartments for rent in Menard County, Illinois.
Income Based Apartments in Menard County, Illinois
Menard County features 171 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 Menard County, Illinois
There are 88 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Menard County.
Housing Choice Vouchers in Menard County, Illinois
On average, Section 8 Housing Choice vouchers pay Menard County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Menard County.
Sourced from federal housing data and AffordableHousingOnline.com research.
Menard County, IL Affordable Housing Snapshot
|Total Affordable Apartment Properties||8|
|Total Low Income Apartments||259|
|Total Housing Units with Rental Assistance||171|
|Percentage of Housing Units Occupied By Renters||22.26%|
|Average Renter Household Size||2.37|
|Average Household Size||2.42|
|Median Household Income||$60,486 ±$2,754|
|Median Rent||$647 ±$56|
|Percentage Of Renters Overburdened||31.62% ± 6.84pp|
Population and Household Demographics
Menard County is a County in Illinois with a population of 12,611. There are 5,144 households in the county with an average household size of 2.42 persons. 22.26% of households in Menard County are renters.
Income and Rent Overburden in Menard County
The median gross income for households in Menard County is $60,486 a year, or $5,041 a month. The median rent for the county is $647 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Menard County, a household making less than $2,157 a month would be considered overburdened when renting an apartment at or above the median rent. 31.62% of households who rent are overburdened in Menard County.1
Area Median Income In Menard 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 Menard County, HUD calculates the Area Median Income for a family of four as $76,400
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 Menard 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 Menard County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$16,050||$18,350||$21,330||$25,750||$30,170||$34,590||$39,010||$43,430|
|50% of Median||$26,750||$30,600||$34,400||$38,200||$41,300||$44,350||$47,400||$50,450|
|80% of Median||$42,800||$48,900||$55,000||$61,100||$66,000||$70,900||$75,800||$80,700|
Cities In Menard County
Select A City to View its Apartment Communities and Waiting Lists.
|Athens||2||The HUD funded Public Housing Agency that serves Athens is the Menard County Housing Authority.|
|Petersburg||6||The HUD funded Public Housing Agency that serves Petersburg is the Menard County Housing Authority.|