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Affordable Housing In Rantoul
Franklin County, Kansas

Housing Authorities that serve Rantoul

Housing Authority Programs
East Central Kansas Economic Opportunity Corporation Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Rantoul, Kansas

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

Income Based Apartments in Rantoul, Kansas

Rantoul 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 Rantoul, Kansas

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

Housing Choice Vouchers in Rantoul, Kansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Rantoul, Kansas for a two-bedroom apartment is between $727 and $889.

2021 Rantoul, 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 $555 $613 $808 $1,005 $1,142
Payment Standard Range $500 to $611 $552 to $674 $727 to $889 $905 to $1,106 $1,028 to $1,256

Sourced from federal housing data and research.

Rantoul, KS 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 19.67%
Average Renter Household Size 2.67
Average Household Size 1.98
Median Household Income $39,922 ±$20,700
Median Rent $686 ±$177
Percentage Of Renters Overburdened 25% ± 121.05pp
Total Population 121

Population and Household Demographics

Rantoul is a city in Franklin County, Kansas with a population of 121. There are 61 households in the city with an average household size of 1.98 persons. 19.67% of households in Rantoul are renters.

Income and Rent Overburden in Rantoul

The median gross income for households in Rantoul is $39,922 a year, or $3,327 a month. The median rent for the city is $686 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Rantoul, a household making less than $2,287 a month would be considered overburdened when renting an apartment at or above the median rent. 25% of households who rent are overburdened in Rantoul.

Area Median Income In Rantoul

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 Rantoul, the AMI is calculated from all households within Franklin County.

In Rantoul, HUD calculates the Area Median Income for a family of four as $70,100

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 Rantoul

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 Rantoul

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,750 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $24,550 $28,050 $31,550 $35,050 $37,900 $40,700 $43,500 $46,300
80% of Median $39,300 $44,900 $50,500 $56,100 $60,600 $65,100 $69,600 $74,100