; Low Income Apartments For Rent in Clay Center, NE

Golden Rod Apartments

114 E Division St
Clay Center, Nebraska
Public Housing
Showing Results 1-15
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There are 0 low-income apartments in Clay Center that offer reduced rents to eligible households.

Rental assistance programs support 26 low-income homes in Clay Center where households pay rent based on how much they earn.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Clay Center, Nebraska Affordable Housing Data

Income Based Apartments in Clay Center, Nebraska

Clay Center features 26 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 Clay Center, Nebraska

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

Housing Choice Vouchers in Clay Center, Nebraska

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Clay Center, Nebraska for a two-bedroom apartment is between $743 and $909.

2023 Clay Center, Nebraska 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
Clay Center, Nebraska Fair Market Rent $562 $675 $826 $1,005 $1,208
Clay Center, Nebraska Payment Standard Range $506 to $618 $608 to $743 $743 to $909 $905 to $1,106 $1,087 to $1,329

Sourced from federal housing data and AffordableHousingOnline.com research.

Clay Center, NE Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 26
Total Housing Units with Rental Assistance 26
Percentage of Housing Units Occupied By Renters 23.18%
Average Renter Household Size 2.25
Average Household Size 2.21
Median Household Income $56,333 ±$8,423
Median Rent $483 ±$38
Percentage Of Renters Overburdened 27.71% ± 12.8pp
Total Population 802

Population and Household Demographics

Clay Center is a city in Clay County, Nebraska with a population of 802. There are 358 households in the city with an average household size of 2.21 persons. 23.18% of households in Clay Center are renters.

Income and Rent Overburden in Clay Center

The median gross income for households in Clay Center is $56,333 a year, or $4,694 a month. The median rent for the city is $483 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Clay Center, a household making less than $1,610 a month would be considered overburdened when renting an apartment at or above the median rent. 27.71% of households who rent are overburdened in Clay Center.

Area Median Income In Clay Center

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Clay Center, the AMI is calculated from all households within Clay County.

In Clay Center, HUD calculates the Area Median Income for a family of four as $89,700

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 Clay Center

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 Clay Center

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Clay Center AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,000 $20,600 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Clay Center AMI may qualify for rental assistance programs that target Very Low Income households.
$30,000 $34,250 $38,550 $42,800 $46,250 $49,650 $53,100 $56,500
80% AMI Income Limits
Renters earning up to 80% of the Clay Center AMI may qualify for rental assistance programs that target Low Income households.
$47,950 $54,800 $61,650 $68,500 $74,000 $79,500 $84,950 $90,450