Affordable Housing In Gallatin County
30 Low Income Apartment Communities In Gallatin County
Housing Authorities that serve Gallatin County
|Montana Department of Commerce||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Gallatin County, Montana
There are 30 low income housing apartment communities offering 1,091 affordable apartments for rent in Gallatin County, Montana.
Income Based Apartments in Gallatin County, Montana
Gallatin County features 462 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 Gallatin County, Montana
There are 629 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gallatin County.
Housing Choice Vouchers in Gallatin County, Montana
On average, Section 8 Housing Choice vouchers pay Gallatin County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Gallatin County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Gallatin County, Montana for a two-bedroom apartment is between $892 and $1,090.
2020 Gallatin 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||$698||$760||$991||$1,430||$1,740|
|Payment Standard Range||$628 to $768||$684 to $836||$892 to $1,090||$1,287 to $1,573||$1,566 to $1,914|
Sourced from federal housing data and AffordableHousingOnline.com research.
Gallatin County, MT Affordable Housing Snapshot
|Total Affordable Apartment Properties||30|
|Total Low Income Apartments||1,091|
|Total Housing Units with Rental Assistance||462|
|Percentage of Housing Units Occupied By Renters||38.48%|
|Average Renter Household Size||2.20|
|Average Household Size||2.39|
|Median Household Income||$55,553 ±$1,893|
|Median Rent||$876 ±$23|
|Percentage Of Renters Overburdened||47.49% ± 3.03pp|
Population and Household Demographics
Gallatin County is a county in Montana with a population of 95,323. There are 38,292 households in the county with an average household size of 2.39 persons. 38.48% of households in Gallatin County are renters.
Income and Rent Overburden in Gallatin County
The median gross income for households in Gallatin County is $55,553 a year, or $4,629 a month. The median rent for the county is $876 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Gallatin County, a household making less than $2,920 a month would be considered overburdened when renting an apartment at or above the median rent. 47.49% of households who rent are overburdened in Gallatin County.
Area Median Income In Gallatin 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 Gallatin County, HUD calculates the Area Median Income for a family of four as $90,400
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 Gallatin 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 Gallatin County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$19,000||$21,700||$24,400||$27,100||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$31,650||$36,200||$40,700||$45,200||$48,850||$52,450||$56,050||$59,700|
|80% of Median||$50,650||$57,850||$65,100||$72,300||$78,100||$83,900||$89,700||$95,450|
Cities In Gallatin County
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