Affordable Housing In Derwood
Montgomery County, Maryland

1 Low Income Apartment Communities In Derwood

Shady Grove Apartments

16125 Crabbs Branch Way
Derwood, MD
Call For Rent
1-3 BR
Subsidized
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Housing Authorities that serve Derwood

Housing Authority Programs
Housing Opportunities Commission of Montgomery County Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Derwood, Maryland

There are 1 low income housing apartment communities offering 144 affordable apartments for rent in Derwood, Maryland.

Income Based Apartments in Derwood, Maryland

Derwood features 144 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 Derwood, Maryland

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

Housing Choice Vouchers in Derwood, Maryland

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Derwood, Maryland for a two-bedroom apartment is between $1,536 and $1,878.

2020 Derwood, Maryland 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 $1,457 $1,500 $1,707 $2,215 $2,707
Payment Standard Range $1,311 to $1,603 $1,350 to $1,650 $1,536 to $1,878 $1,994 to $2,437 $2,436 to $2,978

Sourced from federal housing data and AffordableHousingOnline.com research.

Derwood, MD Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 144
Total Housing Units with Rental Assistance 144
Percentage of Housing Units Occupied By Renters 32.97%
Average Renter Household Size 3.11
Average Household Size 2.98
Median Household Income $93,958 ±$37,322
Median Rent $1,750 ±$1,093
Percentage Of Renters Overburdened 72.08% ± 25.97pp
Total Population 2,169

Population and Household Demographics

Derwood is a City in Montgomery County, Maryland with a population of 2,169. There are 728 households in the city with an average household size of 2.98 persons. 32.97% of households in Derwood are renters.

Income and Rent Overburden in Derwood

The median gross income for households in Derwood is $93,958 a year, or $7,830 a month. The median rent for the city is $1,750 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Derwood, a household making less than $5,833 a month would be considered overburdened when renting an apartment at or above the median rent. 72.08% of households who rent are overburdened in Derwood.1

Area Median Income In Derwood

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 Derwood, the AMI is calculated from all households within Montgomery County.

In Derwood, HUD calculates the Area Median Income for a family of four as $121,300

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 Derwood

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 Derwood

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $25,500 $29,150 $32,800 $36,400 $39,350 $42,250 $45,150 $48,050
50% of Median $42,500 $48,550 $54,600 $60,650 $65,550 $70,400 $75,250 $80,100
80% of Median $54,350 $62,100 $69,850 $77,600 $83,850 $90,050 $96,250 $102,450