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Affordable Housing In Mound Valley
Labette County, Kansas

1 Low Income Apartment Communities In Mound Valley

Mound Valley Housing

110 W 3rd St
Mound Valley, Kansas
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Housing Authorities that serve Mound Valley

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

Guide To Affordable Housing in Mound Valley, Kansas

There are 1 low income housing apartment communities offering 15 affordable apartments for rent in Mound Valley, Kansas.

Income Based Apartments in Mound Valley, Kansas

Mound Valley features 15 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 Mound Valley, Kansas

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

Housing Choice Vouchers in Mound Valley, Kansas

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

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

2020 Mound Valley, 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 research.

Mound Valley, KS Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 15
Total Housing Units with Rental Assistance 15
Percentage of Housing Units Occupied By Renters 30.99%
Average Renter Household Size 2.62
Average Household Size 2.64
Median Household Income $35,750 ±$16,595
Median Rent $480 ±$86
Percentage Of Renters Overburdened 41.51% ± 25.72pp
Total Population 452

Population and Household Demographics

Mound Valley is a City in Labette County, Kansas with a population of 452. There are 171 households in the city with an average household size of 2.64 persons. 30.99% of households in Mound Valley are renters.

Income and Rent Overburden in Mound Valley

The median gross income for households in Mound Valley is $35,750 a year, or $2,979 a month. The median rent for the city is $480 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mound Valley, a household making less than $1,600 a month would be considered overburdened when renting an apartment at or above the median rent. 41.51% of households who rent are overburdened in Mound Valley.1

Area Median Income In Mound Valley

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

In Mound Valley, 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 Mound Valley

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 Mound Valley

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