Affordable Housing In Wicomico County
40 Low Income Apartment Communities In Wicomico County
Housing Authorities that serve Wicomico County
|Wicomico Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
|Maryland Department of Housing and Community Development||Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency; Homeownership; Section 8 HCV Money Follows the Person (MFP)|
Guide To Affordable Housing in Wicomico County, Maryland
There are 40 low income housing apartment communities offering 2,496 affordable apartments for rent in Wicomico County, Maryland.
Income Based Apartments in Wicomico County, Maryland
Wicomico County features 1,361 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 Wicomico County, Maryland
There are 1,135 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wicomico County.
Housing Choice Vouchers in Wicomico County, Maryland
On average, Section 8 Housing Choice vouchers pay Wicomico County landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Wicomico County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Wicomico County, Maryland for a two-bedroom apartment is between $902 and $1,102.
2020 Wicomico County, 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||$652||$810||$1,002||$1,365||$1,712|
|Payment Standard Range||$587 to $717||$729 to $891||$902 to $1,102||$1,229 to $1,502||$1,541 to $1,883|
Sourced from federal housing data and AffordableHousingOnline.com research.
Wicomico County, MD Affordable Housing Snapshot
|Total Affordable Apartment Properties||40|
|Total Low Income Apartments||2,496|
|Total Housing Units with Rental Assistance||1,361|
|Percentage of Housing Units Occupied By Renters||37.66%|
|Average Renter Household Size||2.61|
|Average Household Size||2.62|
|Median Household Income||$52,278 ±$1,532|
|Median Rent||$994 ±$22|
|Percentage Of Renters Overburdened||51.25% ± 4.2pp|
Population and Household Demographics
Wicomico County is a county in Maryland with a population of 101,182. There are 36,989 households in the county with an average household size of 2.62 persons. 37.66% of households in Wicomico County are renters.
Income and Rent Overburden in Wicomico County
The median gross income for households in Wicomico County is $52,278 a year, or $4,357 a month. The median rent for the county is $994 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wicomico County, a household making less than $3,313 a month would be considered overburdened when renting an apartment at or above the median rent. 51.25% of households who rent are overburdened in Wicomico County.
Area Median Income In Wicomico County
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.
In Wicomico County, HUD calculates the Area Median Income for a family of four as $67,500
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 Wicomico County
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 Wicomico County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$15,300||$17,500||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$25,500||$29,150||$32,800||$36,400||$39,350||$42,250||$45,150||$48,050|
|80% of Median||$40,800||$46,600||$52,450||$58,250||$62,950||$67,600||$72,250||$76,900|
Cities In Wicomico County
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