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Affordable Housing In Petroleum County

1 Low Income Apartment Communities In Petroleum County

Winnett Apartments

4 N Lepper Ave
Winnett, Montana
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Housing Authorities that serve Petroleum County

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

Guide To Affordable Housing in Petroleum County, Montana

There are 1 low income housing apartment communities offering 6 affordable apartments for rent in Petroleum County, Montana.

Income Based Apartments in Petroleum County, Montana

Petroleum County features 6 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 Petroleum County, Montana

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

Housing Choice Vouchers in Petroleum County, Montana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Petroleum County, Montana for a two-bedroom apartment is between $824 and $1,007.

2021 Petroleum 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 $641 $700 $915 $1,247 $1,434
Payment Standard Range $577 to $705 $630 to $770 $824 to $1,007 $1,122 to $1,372 $1,291 to $1,577

Sourced from federal housing data and research.

Petroleum County, MT Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 6
Total Housing Units with Rental Assistance 6
Percentage of Housing Units Occupied By Renters 25.52%
Average Renter Household Size 2.24
Average Household Size 2.31
Median Household Income $43,750 ±$6,181
Median Rent $675 ±$272
Percentage Of Renters Overburdened 18.37% ± 24.68pp
Total Population 443

Population and Household Demographics

Petroleum County is a county in Montana with a population of 443. There are 192 households in the county with an average household size of 2.31 persons. 25.52% of households in Petroleum County are renters.

Income and Rent Overburden in Petroleum County

The median gross income for households in Petroleum County is $43,750 a year, or $3,646 a month. The median rent for the county is $675 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Petroleum County, a household making less than $2,250 a month would be considered overburdened when renting an apartment at or above the median rent. 18.37% of households who rent are overburdened in Petroleum County.

Area Median Income In Petroleum 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 Petroleum County, HUD calculates the Area Median Income for a family of four as $62,500

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 Petroleum 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 Petroleum 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 Petroleum County

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

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