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Affordable Housing In Montgomery Village
Montgomery County, Maryland

3 Low Income Apartment Communities In Montgomery Village

Montgomery Homes VIII

8049 Harbor Tree Way
Montgomery Village, Maryland
Accepts Vouchers

Montgomery Homes VII

7307 Brenish Dr
Montgomery Village, Maryland
Accepts Vouchers

Montgomery Homes II

7307 Brenish Dr
Montgomery Village, Maryland
Accepts Vouchers
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Housing Authorities that serve Montgomery Village

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

Guide To Affordable Housing in Montgomery Village, Maryland

There are 3 low income housing apartment communities offering 113 affordable apartments for rent in Montgomery Village, Maryland.

Income Based Apartments in Montgomery Village, Maryland

Montgomery Village 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 Montgomery Village, Maryland

There are 113 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Montgomery Village.

Housing Choice Vouchers in Montgomery Village, Maryland

On average, Section 8 Housing Choice vouchers pay Montgomery Village landlords $1,300 per month towards rent. The average voucher holder contributes $500 towards rent in Montgomery Village.

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

2020 Montgomery Village, 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.

Montgomery Village, MD Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 113
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 30.01%
Average Renter Household Size 3.00
Average Household Size 2.85
Median Household Income $74,978 ±$4,433
Median Rent $1,414 ±$52
Percentage Of Renters Overburdened 57.63% ± 7.66pp
Total Population 33,337

Population and Household Demographics

Montgomery Village is a city in Montgomery County, Maryland with a population of 33,337. There are 11,633 households in the city with an average household size of 2.85 persons. 30.01% of households in Montgomery Village are renters.

Income and Rent Overburden in Montgomery Village

The median gross income for households in Montgomery Village is $74,978 a year, or $6,248 a month. The median rent for the city is $1,414 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Montgomery Village, a household making less than $4,713 a month would be considered overburdened when renting an apartment at or above the median rent. 57.63% of households who rent are overburdened in Montgomery Village.

Area Median Income In Montgomery Village

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

In Montgomery Village, HUD calculates the Area Median Income for a family of four as $126,000

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 Montgomery Village

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 Montgomery Village

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $26,500 $30,250 $34,050 $37,800 $40,850 $43,850 $46,900 $49,900
50% of Median $44,100 $50,400 $56,700 $63,000 $68,050 $73,100 $78,150 $83,200
80% of Median $55,750 $63,700 $71,650 $79,600 $86,000 $92,350 $98,750 $105,100