Affordable Housing In Yellowstone County
41 Low Income Apartment Communities In Yellowstone County
Housing Authorities that serve Yellowstone County
|Montana Department of Commerce||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Yellowstone County, Montana
There are 41 low income housing apartment communities offering 2,132 affordable apartments for rent in Yellowstone County, Montana.
Income Based Apartments in Yellowstone County, Montana
Yellowstone County features 1,407 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 Yellowstone County, Montana
There are 725 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Yellowstone County.
Housing Choice Vouchers in Yellowstone County, Montana
On average, Section 8 Housing Choice vouchers pay Yellowstone County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Yellowstone County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Yellowstone County, Montana for a two-bedroom apartment is between $860 and $1,052.
2021 Yellowstone 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||$631||$725||$956||$1,321||$1,570|
|Payment Standard Range||$568 to $694||$653 to $798||$860 to $1,052||$1,189 to $1,453||$1,413 to $1,727|
Sourced from federal housing data and AffordableHousingOnline.com research.
Yellowstone County, MT Affordable Housing Snapshot
|Total Affordable Apartment Properties||41|
|Total Low Income Apartments||2,132|
|Total Housing Units with Rental Assistance||1,407|
|Percentage of Housing Units Occupied By Renters||31.72%|
|Average Renter Household Size||2.29|
|Average Household Size||2.44|
|Median Household Income||$52,802 ±$1,409|
|Median Rent||$762 ±$19|
|Percentage Of Renters Overburdened||44.69% ± 3.06pp|
Population and Household Demographics
Yellowstone County is a county in Montana with a population of 153,692. There are 61,442 households in the county with an average household size of 2.44 persons. 31.72% of households in Yellowstone County are renters.
Income and Rent Overburden in Yellowstone County
The median gross income for households in Yellowstone County is $52,802 a year, or $4,400 a month. The median rent for the county is $762 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Yellowstone County, a household making less than $2,540 a month would be considered overburdened when renting an apartment at or above the median rent. 44.69% of households who rent are overburdened in Yellowstone County.
Area Median Income In Yellowstone 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 Yellowstone County, HUD calculates the Area Median Income for a family of four as $76,600
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 Yellowstone 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 Yellowstone County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$16,100||$18,400||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$26,850||$30,650||$34,500||$38,300||$41,400||$44,450||$47,500||$50,600|
|80% of Median||$42,950||$49,050||$55,200||$61,300||$66,250||$71,150||$76,050||$80,950|
Cities In Yellowstone County
Select A City to View its Apartment Communities and Waiting Lists.
|Ballantine||The HUD funded Public Housing Agency that serves Ballantine is the Montana Department of Commerce.|
|Billings||The HUD funded Public Housing Agencies that serve Billings are the Housing Authority of Billings and Montana Department of Commerce.|
|Broadview||The HUD funded Public Housing Agency that serves Broadview is the Montana Department of Commerce.|
|Custer||The HUD funded Public Housing Agency that serves Custer is the Montana Department of Commerce.|
|Huntley||The HUD funded Public Housing Agency that serves Huntley is the Montana Department of Commerce.|
|Laurel||The HUD funded Public Housing Agency that serves Laurel is the Montana Department of Commerce.|
|Lockwood||The HUD funded Public Housing Agency that serves Lockwood is the Montana Department of Commerce.|
|Shepherd||The HUD funded Public Housing Agency that serves Shepherd is the Montana Department of Commerce.|
|Worden||The HUD funded Public Housing Agency that serves Worden is the Montana Department of Commerce.|