Affordable Housing In Pike County
Illinois

6 Low Income Apartment Communities In Pike County

Dogwood Properties L.P.

415 N Oak St
Griggsville, IL
Subsidized

Dogwood Properties

405 N Oak St
Griggsville, IL
Subsidized

Dogwood Properties, Lp

1625 Federal
Perry, IL
Subsidized

Squier Bros. Prop.

505 N Main St
Pleasant Hill, IL
Subsidized

Pittsfield Apartments

532 Piper Ln
Pittsfield, IL
Subsidized

Pittsfield

530 E Adams St
Pittsfield, IL
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Housing Authorities that serve Pike County

Housing Authority Programs
Pike County Housing Authority Public Housing

Guide To Affordable Housing in Pike County, Illinois

According to federal housing data and AffordableHousingOnline.com research, there are 6 low income housing apartment communities offering 357 affordable apartments for rent in Pike County, Illinois. Pike County features 357 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Pike County.

Pike County, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 357
Total Housing Units with Rental Assistance 357
Percentage of Housing Units Occupied By Renters 22.54%
Average Renter Household Size 2.15
Average Household Size 2.34
Median Household Income $40,588 ±$1,689
Median Rent $517 ±$28
Percentage Of Renters Overburdened 29.83% ± 6.77pp
Total Population 16,144

Population and Household Demographics

Pike County is a County in Illinois with a population of 16,144. There are 6,677 households in the county with an average household size of 2.34 persons. 22.54% of households in Pike County are renters.

Income and Rent Overburden in Pike County

The median gross income for households in Pike County is $40,588 a year, or $3,382 a month. The median rent for the county is $517 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Pike County, a household making less than $1,723 a month would be considered overburdened when renting an apartment at or above the median rent. 29.83% of households who rent are overburdened in Pike County.1

Area Median Income In Pike 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 Pike County, HUD calculates the Area Median Income for a family of four as $54,000

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 Pike 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 Pike County HUD Rental Assistance in Pike County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,950 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,250 $26,550 $29,850 $33,150 $35,850 $38,500 $41,150 $43,800
80% of Median $37,150 $42,450 $47,750 $53,050 $57,300 $61,550 $65,800 $70,050
Low Income Housing Tax Credits in Pike County

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

From 2001 to 2001, 1 low income apartment communities containing 42 rental apartments have been constructed and made affordable to low income persons in Pike 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 Pike County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $23,250 $26,550 $29,850 $33,150 $35,850 $38,500 $41,150 $43,800
60% of Median $27,900 $31,860 $35,820 $39,780 $43,020 $46,200 $49,380 $52,560

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 Pike County is $35,820 a year, or $2,985 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,985 by 30% to get a maximum rent of $896 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% $581 $623 $746 $863 $963 $1,062
60% $698 $747 $896 $1,035 $1,155 $1,274
Fair Market Rents in Pike 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
$525 $530 $698 $870 $946

Cities In Pike County

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

City Listings Served By
Pittsfield 2 The HUD funded Public Housing Agency that serves Pittsfield is the Pike County Housing Authority.
Perry 1 The HUD funded Public Housing Agency that serves Perry is the Pike County Housing Authority.
Griggsville 2 The HUD funded Public Housing Agency that serves Griggsville is the Pike County Housing Authority.
Barry 0
Baylis 0
Detroit 0
El Dara 0
Florence 0
Hull 0
Kinderhook 0
Milton 0
Nebo 0
New Canton 0
New Salem 0
Pearl 0
Pleasant Hill 1
Time 0
Valley City 0