Affordable Housing In Big Horn County
7 Low Income Apartment Communities In Big Horn County
Housing Authorities that serve Big Horn County
|Montana Department of Commerce||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Big Horn County, Montana
There are 7 low income housing apartment communities offering 170 affordable apartments for rent in Big Horn County, Montana.
Income Based Apartments in Big Horn County, Montana
Big Horn County features 80 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 Big Horn County, Montana
There are 90 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Big Horn County.
Housing Choice Vouchers in Big Horn County, Montana
On average, Section 8 Housing Choice vouchers pay Big Horn County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Big Horn County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Big Horn County, Montana for a two-bedroom apartment is between $793 and $969.
2021 Big Horn 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||$617||$668||$881||$1,096||$1,251|
|Payment Standard Range||$555 to $679||$601 to $735||$793 to $969||$986 to $1,206||$1,126 to $1,376|
Sourced from federal housing data and AffordableHousingOnline.com research.
Big Horn County, MT Affordable Housing Snapshot
|Total Affordable Apartment Properties||7|
|Total Low Income Apartments||170|
|Total Housing Units with Rental Assistance||80|
|Percentage of Housing Units Occupied By Renters||38.65%|
|Average Renter Household Size||4.05|
|Average Household Size||3.63|
|Median Household Income||$41,622 ±$4,367|
|Median Rent||$617 ±$83|
|Percentage Of Renters Overburdened||33.65% ± 8.37pp|
Population and Household Demographics
Big Horn County is a county in Montana with a population of 13,141. There are 3,576 households in the county with an average household size of 3.63 persons. 38.65% of households in Big Horn County are renters.
Income and Rent Overburden in Big Horn County
The median gross income for households in Big Horn County is $41,622 a year, or $3,469 a month. The median rent for the county is $617 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Big Horn County, a household making less than $2,057 a month would be considered overburdened when renting an apartment at or above the median rent. 33.65% of households who rent are overburdened in Big Horn County.
Area Median Income In Big Horn 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 Big Horn County, HUD calculates the Area Median Income for a family of four as $55,300
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 Big Horn 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 Big Horn 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 Big Horn County
Select A City to View its Apartment Communities and Waiting Lists.
|Busby||The HUD funded Public Housing Agency that serves Busby is the Montana Department of Commerce.|
|Crow Agency||The HUD funded Public Housing Agency that serves Crow Agency is the Montana Department of Commerce.|
|Fallon||The HUD funded Public Housing Agency that serves Fallon is the Montana Department of Commerce.|
|Fort Smith||The HUD funded Public Housing Agency that serves Fort Smith is the Montana Department of Commerce.|
|Hardin||The HUD funded Public Housing Agency that serves Hardin is the Montana Department of Commerce.|
|Hysham||The HUD funded Public Housing Agency that serves Hysham is the Montana Department of Commerce.|
|Lodge Grass||The HUD funded Public Housing Agency that serves Lodge Grass is the Montana Department of Commerce.|
|Muddy||The HUD funded Public Housing Agency that serves Muddy is the Montana Department of Commerce.|
|Pryor||The HUD funded Public Housing Agency that serves Pryor is the Montana Department of Commerce.|
|St. Xavier||The HUD funded Public Housing Agency that serves St. Xavier is the Montana Department of Commerce.|
|Wyola||The HUD funded Public Housing Agency that serves Wyola is the Montana Department of Commerce.|