Affordable Housing In Lexington Park
Saint Marys County,
14 Low Income Apartment Communities In Lexington Park
Guide To Affordable Housing in Lexington Park, Maryland
There are 14 low income housing apartment communities offering 1,121 affordable apartments for rent in Lexington Park, Maryland.
Income Based Apartments in Lexington Park, Maryland
Lexington Park features 252 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 Lexington Park, Maryland
There are 869 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lexington Park.
Housing Choice Vouchers in Lexington Park, Maryland
On average, Section 8 Housing Choice vouchers pay Lexington Park landlords $1,100 per month towards rent. The average voucher holder contributes $400 towards rent in Lexington Park.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lexington Park, Maryland for a two-bedroom apartment is between $1,209 and $1,477.
2021 Lexington Park, 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||$891||$1,102||$1,343||$1,892||$2,258|
|Payment Standard Range||$802 to $980||$992 to $1,212||$1,209 to $1,477||$1,703 to $2,081||$2,032 to $2,484|
Sourced from federal housing data and AffordableHousingOnline.com research.
Lexington Park, MD Affordable Housing Snapshot
|Total Affordable Apartment Properties||14|
|Total Low Income Apartments||1,121|
|Total Housing Units with Rental Assistance||252|
|Percentage of Housing Units Occupied By Renters||60.46%|
|Average Renter Household Size||2.60|
|Average Household Size||2.70|
|Median Household Income||$65,613 ±$4,184|
|Median Rent||$1,259 ±$59|
|Percentage Of Renters Overburdened||40.65% ± 7.42pp|
Population and Household Demographics
Lexington Park is a city in Saint Marys County, Maryland with a population of 12,642. There are 4,654 households in the city with an average household size of 2.70 persons. 60.46% of households in Lexington Park are renters.
Income and Rent Overburden in Lexington Park
The median gross income for households in Lexington Park is $65,613 a year, or $5,468 a month. The median rent for the city is $1,259 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lexington Park, a household making less than $4,197 a month would be considered overburdened when renting an apartment at or above the median rent. 40.65% of households who rent are overburdened in Lexington Park.
Area Median Income In Lexington Park
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 Lexington Park, the AMI is calculated from all households within Saint Marys County.
In Lexington Park, HUD calculates the Area Median Income for a family of four as $103,600
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 Lexington Park
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 Lexington Park
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$21,800||$24,900||$28,000||$31,100||$33,600||$36,100||$39,640||$44,120|
|50% of Median||$36,300||$41,450||$46,650||$51,800||$55,950||$60,100||$64,250||$68,400|
|80% of Median||$54,950||$62,800||$70,650||$78,500||$84,800||$91,100||$97,350||$103,650|