Affordable Housing In Denton
5 Low Income Apartment Communities In Denton
Housing Authorities that serve Denton
|Maryland Department of Housing and Community Development||Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency; Homeownership; Section 8 HCV Money Follows the Person (MFP)|
Guide To Affordable Housing in Denton, Maryland
There are 5 low income housing apartment communities offering 184 affordable apartments for rent in Denton, Maryland. Denton features 184 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Denton.
Sourced from federal housing data and AffordableHousingOnline.com research.
Denton, MD Affordable Housing Snapshot
|Total Affordable Apartment Properties||5|
|Total Low Income Apartments||184|
|Total Housing Units with Rental Assistance||184|
|Percentage of Housing Units Occupied By Renters||44.28%|
|Average Renter Household Size||2.46|
|Average Household Size||2.56|
|Median Household Income||$41,122 ±$7,195|
|Median Rent||$995 ±$244|
|Percentage Of Renters Overburdened||62.12% ± 15.58pp|
Population and Household Demographics
Denton is a City in Caroline County, Maryland with a population of 4,357. There are 1,574 households in the city with an average household size of 2.56 persons. 44.28% of households in Denton are renters.
Income and Rent Overburden in Denton
The median gross income for households in Denton is $41,122 a year, or $3,427 a month. The median rent for the city is $995 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Denton, a household making less than $3,317 a month would be considered overburdened when renting an apartment at or above the median rent. 62.12% of households who rent are overburdened in Denton.1
Area Median Income In Denton
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 Denton, the AMI is calculated from all households within Caroline County.
In Denton, HUD calculates the Area Median Income for a family of four as $62,500
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 Denton
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 Denton HUD Rental Assistance in Denton
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$14,350||$16,910||$21,330||$25,750||$30,170||$34,590||$39,010||$43,430|
|50% of Median||$23,950||$27,400||$30,800||$34,200||$36,950||$39,700||$42,450||$45,150|
|80% of Median||$38,300||$43,800||$49,250||$54,700||$59,100||$63,500||$67,850||$72,250|
Fair Market Rents in Denton
Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.
2020 Fair Market Rents
|Studio||One BR||Two BR||Three BR||Four BR|