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Affordable Housing In Golden Valley County
Montana

Housing Authorities that serve Golden Valley County

Housing Authority Programs
Montana Department of Commerce Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Golden Valley County, Montana

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Golden Valley County, Montana.

Income Based Apartments in Golden Valley County, Montana

Golden Valley County features 0 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 Golden Valley County, Montana

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Golden Valley County.

Housing Choice Vouchers in Golden Valley County, Montana

On average, Section 8 Housing Choice vouchers pay Golden Valley County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Golden Valley County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Golden Valley County, Montana for a two-bedroom apartment is between $675 and $825.

2021 Golden Valley 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 $495 $569 $750 $1,073 $1,232
Payment Standard Range $446 to $545 $512 to $626 $675 to $825 $966 to $1,180 $1,109 to $1,355

Sourced from federal housing data and AffordableHousingOnline.com research.

Golden Valley County, MT Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 25.63%
Average Renter Household Size 2.48
Average Household Size 2.29
Median Household Income $40,938 ±$5,716
Median Rent $750 ±$139
Percentage Of Renters Overburdened 32.93% ± 21.72pp
Total Population 756

Population and Household Demographics

Golden Valley County is a county in Montana with a population of 756. There are 320 households in the county with an average household size of 2.29 persons. 25.63% of households in Golden Valley County are renters.

Income and Rent Overburden in Golden Valley County

The median gross income for households in Golden Valley County is $40,938 a year, or $3,412 a month. The median rent for the county is $750 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Golden Valley County, a household making less than $2,500 a month would be considered overburdened when renting an apartment at or above the median rent. 32.93% of households who rent are overburdened in Golden Valley County.

Area Median Income In Golden Valley 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 Golden Valley County, HUD calculates the Area Median Income for a family of four as $76,500

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 Golden Valley 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 Golden Valley County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,100 $18,400 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $26,800 $30,600 $34,450 $38,250 $41,350 $44,400 $47,450 $50,500
80% of Median $42,850 $49,000 $55,100 $61,200 $66,100 $71,000 $75,900 $80,800

Cities In Golden Valley County

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Lavina The HUD funded Public Housing Agency that serves Lavina is the Montana Department of Commerce.
Ryegate The HUD funded Public Housing Agency that serves Ryegate is the Montana Department of Commerce.