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Affordable Housing In Hysham
Big Horn County, Montana

1 Low Income Apartment Communities In Hysham

Hysham Village

117 Division St
Hysham, Montana
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Housing Authorities that serve Hysham

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

Guide To Affordable Housing in Hysham, Montana

There are 1 low income housing apartment communities offering 12 affordable apartments for rent in Hysham, Montana.

Income Based Apartments in Hysham, Montana

Hysham 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 Hysham, Montana

There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hysham.

Housing Choice Vouchers in Hysham, Montana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Hysham, Montana for a two-bedroom apartment is between $793 and $969.

2021 Hysham, 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
Hysham, Montana Fair Market Rent $617 $668 $881 $1,096 $1,251
Hysham, Montana 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 research.

Hysham, MT Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 12
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 28.28%
Average Renter Household Size 3.22
Average Household Size 2.50
Median Household Income $38,068 ±$7,792
Median Rent $584 ±$50
Percentage Of Renters Overburdened 29.27% ± 37.8pp
Total Population 363

Population and Household Demographics

Hysham is a city in Big Horn County, Montana with a population of 363. There are 145 households in the city with an average household size of 2.50 persons. 28.28% of households in Hysham are renters.

Income and Rent Overburden in Hysham

The median gross income for households in Hysham is $38,068 a year, or $3,172 a month. The median rent for the city is $584 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hysham, a household making less than $1,947 a month would be considered overburdened when renting an apartment at or above the median rent. 29.27% of households who rent are overburdened in Hysham.

Area Median Income In Hysham

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Hysham, the AMI is calculated from all households within Big Horn County.

In Hysham, 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 Hysham

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 Hysham

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Hysham AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,000 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% AMI Income Limits
Renters earning up to 50% of the Hysham AMI may qualify for rental assistance programs that target Very Low Income households.
$25,000 $28,600 $32,150 $35,700 $38,600 $41,450 $44,300 $47,150
80% AMI Income Limits
Renters earning up to 80% of the Hysham AMI may qualify for rental assistance programs that target Low Income households.
$40,000 $45,700 $51,400 $57,100 $61,700 $66,250 $70,850 $75,400