Affordable Housing In Gaithersburg
Montgomery County, Maryland

23 Low Income Apartment Communities In Gaithersburg

Stewartown Homes

9310 Merust Lane
Gaithersburg, MD
$1,063-1,309
2-4 BR
Subsidized

The Willows Apartments

429 W Diamond Ave
Gaithersburg, MD
$757
1-2 BR
HCV Welcome

Camp Hill Square

17825 Washington Grove Ln
Gaithersburg, MD
Subsidized

Forest Oak Towers

101 Odendhal Ave
Gaithersburg, MD
Subsidized

Corrigan Square

8511 Snouffer School Rd
Gaithersburg, MD
HCV Welcome

Londonderry Towers

17060 King James Way
Gaithersburg, MD
Subsidized

Executive Garden

12 S Frederick Ave Apt 26
Gaithersburg, MD

Next Step Housing

9142 Turtle Dove Ln
Gaithersburg, MD
Accessible
Disabled Supportive Housing
Subsidized

Esperance Homes ( Family Services )

13 Shuttle Ct
Gaithersburg, MD
Accessible
Disabled Supportive Housing
Subsidized

Centennial Housing

18945 Quail Valley Blvd
Gaithersburg, MD
Accessible
Disabled Supportive Housing
Subsidized

Housing Authorities that serve Gaithersburg

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

Guide To Affordable Housing in Gaithersburg, Maryland

There are 23 low income housing apartment communities offering 2,016 affordable apartments for rent in Gaithersburg, Maryland. Gaithersburg features 624 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 1,252 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Gaithersburg.

Sourced from federal housing data and AffordableHousingOnline.com research.

Gaithersburg, MD Affordable Housing Snapshot

Total Affordable Apartment Properties 23
Total Low Income Apartments 2,016
Total Housing Units with Rental Assistance 624
Percentage of Housing Units Occupied By Renters 45.46%
Average Renter Household Size 2.68
Average Household Size 2.74
Median Household Income $80,734 ±$3,551
Median Rent $1,543 ±$49
Percentage Of Renters Overburdened 50.3% ± 4.47pp
Total Population 64,945

Population and Household Demographics

Gaithersburg is a City in Montgomery County, Maryland with a population of 64,945. There are 23,550 households in the city with an average household size of 2.74 persons. 45.46% of households in Gaithersburg are renters.

Income and Rent Overburden in Gaithersburg

The median gross income for households in Gaithersburg is $80,734 a year, or $6,728 a month. The median rent for the city is $1,543 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Gaithersburg, a household making less than $5,143 a month would be considered overburdened when renting an apartment at or above the median rent. 50.3% of households who rent are overburdened in Gaithersburg.1

Area Median Income In Gaithersburg

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

In Gaithersburg, 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 Gaithersburg

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 Gaithersburg HUD Rental Assistance in Gaithersburg

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
Low Income Housing Tax Credits in Gaithersburg

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1998 to 2008, 7 low income apartment communities containing 1,420 rental apartments have been constructed and made affordable to low income persons in Gaithersburg by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Gaithersburg

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $42,500 $48,550 $54,600 $60,650 $65,550 $70,400 $75,250 $80,100
60% of Median $51,000 $58,260 $65,520 $72,780 $78,660 $84,480 $90,300 $96,120

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Gaithersburg is $65,520 a year, or $5,460 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $5,460 by 30% to get a maximum rent of $1,638 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $1,063 $1,138 $1,365 $1,578 $1,760 $1,942
60% $1,275 $1,366 $1,638 $1,893 $2,112 $2,330
Fair Market Rents in Gaithersburg

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
$1,457 $1,500 $1,707 $2,215 $2,707