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Affordable Housing In Tilton
Vermilion County, Illinois

Housing Authorities that serve Tilton

Housing Authority Programs
Housing Authority of the City of Danville Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH); Family Unification Program (FUP)
Housing Authority of the County of Vermilion Ill. Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Tilton, Illinois

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Tilton, Illinois.

Income Based Apartments in Tilton, Illinois

Tilton 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 Tilton, Illinois

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Tilton.

Housing Choice Vouchers in Tilton, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Tilton, Illinois for a two-bedroom apartment is between $666 and $814.

2020 Tilton, 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
Fair Market Rent $482 $572 $740 $969 $1,002
Payment Standard Range $434 to $530 $515 to $629 $666 to $814 $872 to $1,066 $902 to $1,102

Sourced from federal housing data and AffordableHousingOnline.com research.

Tilton, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 23.24%
Average Renter Household Size 2.16
Average Household Size 2.21
Median Household Income $42,361 ±$4,661
Median Rent $601 ±$64
Percentage Of Renters Overburdened 20.28% ± 12.14pp
Total Population 2,669

Population and Household Demographics

Tilton is a city in Vermilion County, Illinois with a population of 2,669. There are 1,209 households in the city with an average household size of 2.21 persons. 23.24% of households in Tilton are renters.

Income and Rent Overburden in Tilton

The median gross income for households in Tilton is $42,361 a year, or $3,530 a month. The median rent for the city is $601 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Tilton, a household making less than $2,003 a month would be considered overburdened when renting an apartment at or above the median rent. 20.28% of households who rent are overburdened in Tilton.

Area Median Income In Tilton

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 Tilton, the AMI is calculated from all households within Vermilion County.

In Tilton, HUD calculates the Area Median Income for a family of four as $55,600

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 Tilton

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 Tilton

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,250 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $23,700 $27,100 $30,500 $33,850 $36,600 $39,300 $42,000 $44,700
80% of Median $37,950 $43,350 $48,750 $54,150 $58,500 $62,850 $67,150 $71,500