Affordable Housing In Powell County
3 Low Income Apartment Communities In Powell County
Housing Authorities that serve Powell County
|Montana Department of Commerce||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Powell County, Montana
There are 3 low income housing apartment communities offering 120 affordable apartments for rent in Powell County, Montana.
Income Based Apartments in Powell County, Montana
Powell County features 24 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 Powell County, Montana
There are 96 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Powell County.
Housing Choice Vouchers in Powell County, Montana
On average, Section 8 Housing Choice vouchers pay Powell County landlords $600 per month towards rent. The average voucher holder contributes $200 towards rent in Powell County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Powell County, Montana for a two-bedroom apartment is between $661 and $807.
2021 Powell 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||$514||$557||$734||$913||$1,271|
|Payment Standard Range||$463 to $565||$501 to $613||$661 to $807||$822 to $1,004||$1,144 to $1,398|
Sourced from federal housing data and AffordableHousingOnline.com research.
Powell County, MT Affordable Housing Snapshot
|Total Affordable Apartment Properties||3|
|Total Low Income Apartments||120|
|Total Housing Units with Rental Assistance||24|
|Percentage of Housing Units Occupied By Renters||30.92%|
|Average Renter Household Size||2.32|
|Average Household Size||2.25|
|Median Household Income||$40,000 ±$3,253|
|Median Rent||$525 ±$38|
|Percentage Of Renters Overburdened||28.13% ± 9.22pp|
Population and Household Demographics
Powell County is a county in Montana with a population of 6,975. There are 2,380 households in the county with an average household size of 2.25 persons. 30.92% of households in Powell County are renters.
Income and Rent Overburden in Powell County
The median gross income for households in Powell County is $40,000 a year, or $3,333 a month. The median rent for the county is $525 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Powell County, a household making less than $1,750 a month would be considered overburdened when renting an apartment at or above the median rent. 28.13% of households who rent are overburdened in Powell County.
Area Median Income In Powell 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 Powell County, HUD calculates the Area Median Income for a family of four as $59,000
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 Powell 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 Powell 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 Powell County
Select A City to View its Apartment Communities and Waiting Lists.
|Avon||The HUD funded Public Housing Agency that serves Avon is the Montana Department of Commerce.|
|Deer Lodge||The HUD funded Public Housing Agency that serves Deer Lodge is the Montana Department of Commerce.|
|Elliston||The HUD funded Public Housing Agency that serves Elliston is the Montana Department of Commerce.|
|Garrison||The HUD funded Public Housing Agency that serves Garrison is the Montana Department of Commerce.|
|Ovando||The HUD funded Public Housing Agency that serves Ovando is the Montana Department of Commerce.|