Affordable Housing In Park County
7 Low Income Apartment Communities In Park County
Housing Authorities that serve Park County
|Montana Department of Commerce||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Park County, Montana
There are 7 low income housing apartment communities offering 336 affordable apartments for rent in Park County, Montana.
Income Based Apartments in Park County, Montana
Park County features 126 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 Park County, Montana
There are 210 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Park County.
Housing Choice Vouchers in Park County, Montana
On average, Section 8 Housing Choice vouchers pay Park County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Park County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Park County, Montana for a two-bedroom apartment is between $890 and $1,088.
2021 Park 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||$745||$750||$989||$1,371||$1,493|
|Payment Standard Range||$671 to $820||$675 to $825||$890 to $1,088||$1,234 to $1,508||$1,344 to $1,642|
Sourced from federal housing data and AffordableHousingOnline.com research.
Park County, MT Affordable Housing Snapshot
|Total Affordable Apartment Properties||7|
|Total Low Income Apartments||336|
|Total Housing Units with Rental Assistance||126|
|Percentage of Housing Units Occupied By Renters||26.19%|
|Average Renter Household Size||1.98|
|Average Household Size||2.28|
|Median Household Income||$43,932 ±$2,176|
|Median Rent||$666 ±$51|
|Percentage Of Renters Overburdened||38.67% ± 8.37pp|
Population and Household Demographics
Park County is a county in Montana with a population of 15,708. There are 6,793 households in the county with an average household size of 2.28 persons. 26.19% of households in Park County are renters.
Income and Rent Overburden in Park County
The median gross income for households in Park County is $43,932 a year, or $3,661 a month. The median rent for the county is $666 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Park County, a household making less than $2,220 a month would be considered overburdened when renting an apartment at or above the median rent. 38.67% of households who rent are overburdened in Park County.
Area Median Income In Park 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 Park County, HUD calculates the Area Median Income for a family of four as $71,000
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 Park 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 Park 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 Park County
Select A City to View its Apartment Communities and Waiting Lists.
|Clyde Park||The HUD funded Public Housing Agency that serves Clyde Park is the Montana Department of Commerce.|
|Cooke City||The HUD funded Public Housing Agency that serves Cooke City is the Montana Department of Commerce.|
|Corwin Springs||The HUD funded Public Housing Agency that serves Corwin Springs is the Montana Department of Commerce.|
|Emigrant||The HUD funded Public Housing Agency that serves Emigrant is the Montana Department of Commerce.|
|Gardiner||The HUD funded Public Housing Agency that serves Gardiner is the Montana Department of Commerce.|
|Jardine||The HUD funded Public Housing Agency that serves Jardine is the Montana Department of Commerce.|
|Livingston||The HUD funded Public Housing Agency that serves Livingston is the Montana Department of Commerce.|
|Pray||The HUD funded Public Housing Agency that serves Pray is the Montana Department of Commerce.|
|Silver Gate||The HUD funded Public Housing Agency that serves Silver Gate is the Montana Department of Commerce.|
|South Glastonbury||The HUD funded Public Housing Agency that serves South Glastonbury is the Montana Department of Commerce.|
|Springdale||The HUD funded Public Housing Agency that serves Springdale is the Montana Department of Commerce.|
|Wilsall||The HUD funded Public Housing Agency that serves Wilsall is the Montana Department of Commerce.|
|Wineglass||The HUD funded Public Housing Agency that serves Wineglass is the Montana Department of Commerce.|