Affordable Housing In Beaverhead County
4 Low Income Apartment Communities In Beaverhead County
Housing Authorities that serve Beaverhead County
|Montana Department of Commerce||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Beaverhead County, Montana
There are 4 low income housing apartment communities offering 124 affordable apartments for rent in Beaverhead County, Montana.
Income Based Apartments in Beaverhead County, Montana
Beaverhead County features 92 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 Beaverhead County, Montana
There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Beaverhead County.
Housing Choice Vouchers in Beaverhead County, Montana
On average, Section 8 Housing Choice vouchers pay Beaverhead County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Beaverhead County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Beaverhead County, Montana for a two-bedroom apartment is between $680 and $832.
2021 Beaverhead County, Montana 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||$542||$643||$756||$940||$1,309|
|Payment Standard Range||$488 to $596||$579 to $707||$680 to $832||$846 to $1,034||$1,178 to $1,440|
Sourced from federal housing data and AffordableHousingOnline.com research.
Beaverhead County, MT Affordable Housing Snapshot
|Total Affordable Apartment Properties||4|
|Total Low Income Apartments||124|
|Total Housing Units with Rental Assistance||92|
|Percentage of Housing Units Occupied By Renters||36.15%|
|Average Renter Household Size||1.85|
|Average Household Size||2.15|
|Median Household Income||$41,512 ±$4,012|
|Median Rent||$596 ±$53|
|Percentage Of Renters Overburdened||43.12% ± 10.52pp|
Population and Household Demographics
Beaverhead County is a county in Montana with a population of 9,291. There are 4,080 households in the county with an average household size of 2.15 persons. 36.15% of households in Beaverhead County are renters.
Income and Rent Overburden in Beaverhead County
The median gross income for households in Beaverhead County is $41,512 a year, or $3,459 a month. The median rent for the county is $596 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Beaverhead County, a household making less than $1,987 a month would be considered overburdened when renting an apartment at or above the median rent. 43.12% of households who rent are overburdened in Beaverhead County.
Area Median Income In Beaverhead 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 Beaverhead County, HUD calculates the Area Median Income for a family of four as $69,300
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 Beaverhead 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 Beaverhead County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$15,000||$17,240||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$25,000||$28,600||$32,150||$35,700||$38,600||$41,450||$44,300||$47,150|
|80% of Median||$40,000||$45,700||$51,400||$57,100||$61,700||$66,250||$70,850||$75,400|
Cities In Beaverhead County
Select A City to View its Apartment Communities and Waiting Lists.
|Dillon||The HUD funded Public Housing Agency that serves Dillon is the Montana Department of Commerce.|
|Lima||The HUD funded Public Housing Agency that serves Lima is the Montana Department of Commerce.|
|Wisdom||The HUD funded Public Housing Agency that serves Wisdom is the Montana Department of Commerce.|