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Affordable Housing In Takoma Park
Montgomery County, Maryland

11 Low Income Apartment Communities In Takoma Park

Victory Tower

7051 Carroll Ave
Takoma Park, Maryland
$900-1,514
Studio-1 BR
Subsidized
62+

Franklin Apartments

7620 Maple Ave
Takoma Park, Maryland
Subsidized

Silver Flower Homes Aka Mcch, Tbd

8316 Flower Ave
Takoma Park, Maryland
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Wash - Mclaughlin Christian

6501 Poplar Ave
Takoma Park, Maryland
Subsidized
62+
Accessible
Elderly Supportive Housing

Youth in Transition

8210 Houston Ct
Takoma Park, Maryland
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Essex House Apartments

7777 Maple Ave
Takoma Park, Maryland
Accepts Vouchers

Maple Towers, 7610

7610 Maple Ave
Takoma Park, Maryland
Accepts Vouchers

Takoma Park Preservation - Flower

8624 Flower Ave
Takoma Park, Maryland
Accepts Vouchers

Takoma Park Preservation - Houston

641 Houston Ave
Takoma Park, Maryland
Accepts Vouchers

Edinburgh House

7513 Maple Ave
Takoma Park, Maryland
Accepts Vouchers

Housing Authorities that serve Takoma Park

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

Guide To Affordable Housing in Takoma Park, Maryland

There are 11 low income housing apartment communities offering 690 affordable apartments for rent in Takoma Park, Maryland.

Income Based Apartments in Takoma Park, Maryland

Takoma Park features 398 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 Takoma Park, Maryland

There are 292 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Takoma Park.

Housing Choice Vouchers in Takoma Park, Maryland

On average, Section 8 Housing Choice vouchers pay Takoma Park landlords $1,300 per month towards rent. The average voucher holder contributes $400 towards rent in Takoma Park.

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

2020 Takoma 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 $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.

Takoma Park, MD Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 690
Total Housing Units with Rental Assistance 398
Percentage of Housing Units Occupied By Renters 47.44%
Average Renter Household Size 2.42
Average Household Size 2.62
Median Household Income $82,735 ±$6,250
Median Rent $1,094 ±$41
Percentage Of Renters Overburdened 39.13% ± 6.48pp
Total Population 17,478

Population and Household Demographics

Takoma Park is a city in Montgomery County, Maryland with a population of 17,478. There are 6,524 households in the city with an average household size of 2.62 persons. 47.44% of households in Takoma Park are renters.

Income and Rent Overburden in Takoma Park

The median gross income for households in Takoma Park is $82,735 a year, or $6,895 a month. The median rent for the city is $1,094 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Takoma Park, a household making less than $3,647 a month would be considered overburdened when renting an apartment at or above the median rent. 39.13% of households who rent are overburdened in Takoma Park.

Area Median Income In Takoma 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 Takoma Park, the AMI is calculated from all households within Montgomery County.

In Takoma Park, 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 Takoma 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 Takoma Park

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