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Affordable Housing In McCone County
Montana

Guide To Affordable Housing in McCone County, Montana

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

Income Based Apartments in McCone County, Montana

McCone 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 McCone County, Montana

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

Housing Choice Vouchers in McCone County, Montana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in McCone County, Montana for a two-bedroom apartment is between $687 and $839.

2021 McCone 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 $534 $583 $763 $1,039 $1,196
Payment Standard Range $481 to $587 $525 to $641 $687 to $839 $935 to $1,143 $1,076 to $1,316

Sourced from federal housing data and AffordableHousingOnline.com research.

McCone 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 18.18%
Average Renter Household Size 1.67
Average Household Size 2.31
Median Household Income $40,750 ±$5,191
Median Rent $550 ±$100
Percentage Of Renters Overburdened 14.18% ± 14.09pp
Total Population 1,728

Population and Household Demographics

McCone County is a county in Montana with a population of 1,728. There are 737 households in the county with an average household size of 2.31 persons. 18.18% of households in McCone County are renters.

Income and Rent Overburden in McCone County

The median gross income for households in McCone County is $40,750 a year, or $3,396 a month. The median rent for the county is $550 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In McCone County, a household making less than $1,833 a month would be considered overburdened when renting an apartment at or above the median rent. 14.18% of households who rent are overburdened in McCone County.

Area Median Income In McCone 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 McCone County, HUD calculates the Area Median Income for a family of four as $69,700

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 McCone 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 McCone 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