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Affordable Housing In Altamont
Labette County, Kansas

1 Low Income Apartment Communities In Altamont

North Huston Apts

111 North Huston
Altamont, Kansas
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Housing Authorities that serve Altamont

Housing Authority Programs
Southeast Kansas Community Action Program Section 8 Housing Choice Voucher (HCV); Mainstream Voucher

Guide To Affordable Housing in Altamont, Kansas

There are 1 low income housing apartment communities offering 20 affordable apartments for rent in Altamont, Kansas.

Income Based Apartments in Altamont, Kansas

Altamont 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 Altamont, Kansas

There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Altamont.

Housing Choice Vouchers in Altamont, Kansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Altamont, Kansas for a two-bedroom apartment is between $643 and $785.

2020 Altamont, Kansas 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 $465 $542 $714 $957 $1,067
Payment Standard Range $419 to $512 $488 to $596 $643 to $785 $861 to $1,053 $960 to $1,174

Sourced from federal housing data and AffordableHousingOnline.com research.

Altamont, KS Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 20
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 31.88%
Average Renter Household Size 2.53
Average Household Size 2.77
Median Household Income $47,321 ±$9,755
Median Rent $597 ±$139
Percentage Of Renters Overburdened 29.5% ± 15.58pp
Total Population 1,206

Population and Household Demographics

Altamont is a city in Labette County, Kansas with a population of 1,206. There are 436 households in the city with an average household size of 2.77 persons. 31.88% of households in Altamont are renters.

Income and Rent Overburden in Altamont

The median gross income for households in Altamont is $47,321 a year, or $3,943 a month. The median rent for the city is $597 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Altamont, a household making less than $1,990 a month would be considered overburdened when renting an apartment at or above the median rent. 29.5% of households who rent are overburdened in Altamont.

Area Median Income In Altamont

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 Altamont, the AMI is calculated from all households within Labette County.

In Altamont, HUD calculates the Area Median Income for a family of four as $54,500

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 Altamont

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 Altamont

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,950 $16,910 $21,330 $25,750 $30,170 $34,590 $38,150 $40,600
50% of Median $21,550 $24,600 $27,700 $30,750 $33,250 $35,700 $38,150 $40,600
80% of Median $34,450 $39,400 $44,300 $49,200 $53,150 $57,100 $61,050 $64,950