Affordable Housing In Wabash County
Illinois

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Waiting List Openings In Wabash County

Waiting List	Status
Menard County Housing Authority Housing Choice Voucher	Open Now

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5 Low Income Apartment Communities In Wabash County

Housing Authorities that serve Wabash County

Housing Authority	Programs
Housing Authority of the County of Wabash Il.	Public Housing
Menard County Housing Authority	Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency; Section 8 Project-Based Voucher (PBV)

Guide To Affordable Housing in Wabash County, Illinois

There are 5 low income housing apartment communities offering 269 affordable apartments for rent in Wabash County, Illinois.

Income Based Apartments in Wabash County, Illinois

Wabash County features 156 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 Wabash County, Illinois

There are 113 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wabash County.

Housing Choice Vouchers in Wabash County, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Wabash County, Illinois for a two-bedroom apartment is between $653 and $798.

2021 Wabash County, 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
Wabash County, Illinois Fair Market Rent	$493	$550	$725	$939	$983
Wabash County, Illinois Payment Standard Range	$444 to $542	$495 to $605	$653 to $798	$845 to $1,033	$885 to $1,081

Sourced from federal housing data and AffordableHousingOnline.com research.

Wabash County, IL Affordable Housing Snapshot

Total Affordable Apartment Properties	5
Total Low Income Apartments	269
Total Housing Units with Rental Assistance	156
Percentage of Housing Units Occupied By Renters	26.48%
Average Renter Household Size	2.09
Average Household Size	2.37
Median Household Income	$47,491 ±$4,371
Median Rent	$561 ±$39
Percentage Of Renters Overburdened	28.91% ± 7.31pp
Total Population	11,652

Population and Household Demographics

Wabash County is a county in Illinois with a population of 11,652. There are 4,871 households in the county with an average household size of 2.37 persons. 26.48% of households in Wabash County are renters.

Income and Rent Overburden in Wabash County

The median gross income for households in Wabash County is $47,491 a year, or $3,958 a month. The median rent for the county is $561 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wabash County, a household making less than $1,870 a month would be considered overburdened when renting an apartment at or above the median rent. 28.91% of households who rent are overburdened in Wabash County.

Area Median Income In Wabash 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 Wabash County, HUD calculates the Area Median Income for a family of four as $69,000

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 Wabash 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 Wabash County

	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30% AMI Income Limits Renters earning up to 30% of the Wabash County AMI may qualify for rental assistance programs that target Extremely Low Income households.	$14,500	$17,240	$21,720	$26,200	$30,680	$35,160	$39,640	$44,120
50% AMI Income Limits Renters earning up to 50% of the Wabash County AMI may qualify for rental assistance programs that target Very Low Income households.	$24,150	$27,600	$31,050	$34,500	$37,300	$40,050	$42,800	$45,550
80% AMI Income Limits Renters earning up to 80% of the Wabash County AMI may qualify for rental assistance programs that target Low Income households.	$38,650	$44,200	$49,700	$55,200	$59,650	$64,050	$68,450	$72,900