Affordable Housing In Mercer County
Illinois

8 Low Income Apartment Communities In Mercer County

Brookwood Apartments

10-20 Harris
Matherville, IL
Call For Rent
1-2 BR
Subsidized

Lake Matherville Manor Apartments

400 5th Avenue
Matherville, IL
Call For Rent
1 BR
Subsidized

New Boston Apartments

Webster Between Walnut And Linden
New Boston, IL
HCV Welcome

Viola Apartments Hr - 174

16 Rt 17 $ 16th Ave
Viola, IL
HCV Welcome

Village Green Keithsburg

304 S 14th St
Keithsburg, IL
HCV Welcome

Vashti Village

609 NW 4th Ave
Aledo, IL

Viola Senior Apartments

1005 16th Ave
Viola, IL
HCV Welcome
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Housing Authorities that serve Mercer County

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

Guide To Affordable Housing in Mercer County, Illinois

According to federal housing data and AffordableHousingOnline.com research, there are 8 low income housing apartment communities offering 194 affordable apartments for rent in Mercer County, Illinois. Mercer County features 132 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 62 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Mercer County.

Mercer County, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 194
Total Housing Units with Rental Assistance 132
Percentage of Housing Units Occupied By Renters 21.92%
Average Renter Household Size 2.20
Average Household Size 2.40
Median Household Income $54,757 ±$3,176
Median Rent $566 ±$61
Percentage Of Renters Overburdened 29.97% ± 6.61pp
Total Population 16,107

Population and Household Demographics

Mercer County is a County in Illinois with a population of 16,107. There are 6,607 households in the county with an average household size of 2.40 persons. 21.92% of households in Mercer County are renters.

Income and Rent Overburden in Mercer County

The median gross income for households in Mercer County is $54,757 a year, or $4,563 a month. The median rent for the county is $566 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mercer County, a household making less than $1,887 a month would be considered overburdened when renting an apartment at or above the median rent. 29.97% of households who rent are overburdened in Mercer County.1

Area Median Income In Mercer 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 Mercer County, HUD calculates the Area Median Income for a family of four as $72,700

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 Mercer 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 Mercer County HUD Rental Assistance in Mercer County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,300 $17,450 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,450 $29,100 $32,750 $36,350 $39,300 $42,200 $45,100 $48,000
80% of Median $40,750 $46,550 $52,350 $58,150 $62,850 $67,500 $72,150 $76,800
Low Income Housing Tax Credits in Mercer County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1995 to 2000, 4 low income apartment communities containing 54 rental apartments have been constructed and made affordable to low income persons in Mercer County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Mercer County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $25,450 $29,100 $32,750 $36,350 $39,300 $42,200 $45,100 $48,000
60% of Median $30,540 $34,920 $39,300 $43,620 $47,160 $50,640 $54,120 $57,600

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Mercer County is $39,300 a year, or $3,275 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,275 by 30% to get a maximum rent of $983 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $636 $682 $819 $946 $1,055 $1,164
60% $764 $818 $983 $1,135 $1,266 $1,397
Fair Market Rents in Mercer County

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
$524 $615 $778 $1,028 $1,169

Cities In Mercer County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Matherville 2 The HUD funded Public Housing Agency that serves Matherville is the Mercer County Housing Authority.
Keithsburg 1 The HUD funded Public Housing Agency that serves Keithsburg is the Mercer County Housing Authority.
Viola 2 The HUD funded Public Housing Agency that serves Viola is the Mercer County Housing Authority.
Alexis 0 The HUD funded Public Housing Agency that serves Alexis is the Mercer County Housing Authority.
Aledo 2 The HUD funded Public Housing Agency that serves Aledo is the Mercer County Housing Authority.
New Boston 1 The HUD funded Public Housing Agency that serves New Boston is the Mercer County Housing Authority.
Joy 0 The HUD funded Public Housing Agency that serves Joy is the Mercer County Housing Authority.
North Henderson 0 The HUD funded Public Housing Agency that serves North Henderson is the Mercer County Housing Authority.
Reynolds 0 The HUD funded Public Housing Agency that serves Reynolds is the Mercer County Housing Authority.
Seaton 0 The HUD funded Public Housing Agency that serves Seaton is the Mercer County Housing Authority.
Windsor 0 The HUD funded Public Housing Agency that serves Windsor is the Mercer County Housing Authority.
Sherrard 0 The HUD funded Public Housing Agency that serves Sherrard is the Mercer County Housing Authority.