Affordable Housing In St. Mary Parish
Louisiana
Guide To Affordable Housing in St. Mary Parish, Louisiana
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in St. Mary Parish, Louisiana.
Income Based Apartments in St. Mary Parish, Louisiana
St. Mary Parish 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 St. Mary Parish, Louisiana
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in St. Mary Parish.
Housing Choice Vouchers in St. Mary Parish, Louisiana
On average, Section 8 Housing Choice vouchers pay St. Mary Parish landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in St. Mary Parish.
The maximum amount a voucher would pay on behalf of a low-income tenant in St. Mary Parish, Louisiana for a two-bedroom apartment is between $745 and $911.
2022 St. Mary Parish, Louisiana 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 | |
|---|---|---|---|---|---|
| St. Mary Parish, Louisiana Fair Market Rent | $568 | $676 | $828 | $1,045 | $1,296 |
| St. Mary Parish, Louisiana Payment Standard Range | $511 to $625 | $608 to $744 | $745 to $911 | $941 to $1,150 | $1,166 to $1,426 |
Sourced from federal housing data and AffordableHousingOnline.com research.
St. Mary Parish, LA 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 | 33.04% |
| Average Renter Household Size | 2.47 |
| Average Household Size | 2.58 |
| Median Household Income | $40,781 ±$1,518 |
| Median Rent | $674 ±$19 |
| Percentage Of Renters Overburdened | 34.8% ± 4.47pp |
| Total Population | 53,441 |
Population and Household Demographics
St. Mary Parish is a county in Louisiana with a population of 53,441. There are 20,320 households in the county with an average household size of 2.58 persons. 33.04% of households in St. Mary Parish are renters.
Income and Rent Overburden in St. Mary Parish
The median gross income for households in St. Mary Parish is $40,781 a year, or $3,398 a month. The median rent for the county is $674 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In St. Mary Parish, a household making less than $2,247 a month would be considered overburdened when renting an apartment at or above the median rent. 34.8% of households who rent are overburdened in St. Mary Parish.
Area Median Income In St. Mary Parish
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 St. Mary Parish, HUD calculates the Area Median Income for a family of four as $53,300
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 St. Mary Parish
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 St. Mary Parish
| 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 St. Mary Parish AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$12,880 | $17,420 | $21,960 | $26,500 | $28,800 | $30,950 | $33,050 | $35,200 |
| 50% AMI Income Limits Renters earning up to 50% of the St. Mary Parish AMI may qualify for rental assistance programs that target Very Low Income households. |
$18,700 | $21,350 | $24,000 | $26,650 | $28,800 | $30,950 | $33,050 | $35,200 |
| 80% AMI Income Limits Renters earning up to 80% of the St. Mary Parish AMI may qualify for rental assistance programs that target Low Income households. |
$29,900 | $34,150 | $38,400 | $42,650 | $46,100 | $49,500 | $52,900 | $56,300 |
