Affordable Housing In Elko County
21 Low Income Apartment Communities In Elko County
Housing Authorities that serve Elko County
|Nevada Rural Housing Authority||Section 8 Housing Choice Voucher (HCV); Section 8 Project-Based Rental Assistance (PBRA); Homeownership|
Guide To Affordable Housing in Elko County, Nevada
There are 21 low income housing apartment communities offering 1,260 affordable apartments for rent in Elko County, Nevada.
Income Based Apartments in Elko County, Nevada
Elko County features 919 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 Elko County, Nevada
There are 341 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Elko County.
Housing Choice Vouchers in Elko County, Nevada
On average, Section 8 Housing Choice vouchers pay Elko County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Elko County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Elko County, Nevada for a two-bedroom apartment is between $865 and $1,057.
2020 Elko County, Nevada 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||$626||$746||$961||$1,386||$1,420|
|Payment Standard Range||$563 to $689||$671 to $821||$865 to $1,057||$1,247 to $1,525||$1,278 to $1,562|
Sourced from federal housing data and AffordableHousingOnline.com research.
Elko County, NV Affordable Housing Snapshot
|Total Affordable Apartment Properties||21|
|Total Low Income Apartments||1,260|
|Total Housing Units with Rental Assistance||919|
|Percentage of Housing Units Occupied By Renters||29.71%|
|Average Renter Household Size||2.71|
|Average Household Size||2.87|
|Median Household Income||$71,799 ±$3,135|
|Median Rent||$895 ±$44|
|Percentage Of Renters Overburdened||29.61% ± 4.42pp|
Population and Household Demographics
Elko County is a County in Nevada with a population of 51,562. There are 17,696 households in the county with an average household size of 2.87 persons. 29.71% of households in Elko County are renters.
Income and Rent Overburden in Elko County
The median gross income for households in Elko County is $71,799 a year, or $5,983 a month. The median rent for the county is $895 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Elko County, a household making less than $2,983 a month would be considered overburdened when renting an apartment at or above the median rent. 29.61% of households who rent are overburdened in Elko County.1
Area Median Income In Elko 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 Elko County, HUD calculates the Area Median Income for a family of four as $87,400
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 Elko 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 Elko County HUD Rental Assistance in Elko County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$18,350||$21,000||$23,600||$26,200||$30,170||$34,590||$39,010||$43,430|
|50% of Median||$30,600||$35,000||$39,350||$43,700||$47,200||$50,700||$54,200||$57,700|
|80% of Median||$48,950||$55,950||$62,950||$69,900||$75,500||$81,100||$86,700||$92,300|
Cities In Elko County
Select A City to View its Apartment Communities and Waiting Lists.
|Elko||12||The HUD funded Public Housing Agency that serves Elko is the Nevada Rural Housing Authority.|
|Wendover||2||The HUD funded Public Housing Agency that serves Wendover is the Nevada Rural Housing Authority.|
|Jackpot||2||The HUD funded Public Housing Agency that serves Jackpot is the Nevada Rural Housing Authority.|
|West Wendover||4||The HUD funded Public Housing Agency that serves West Wendover is the Nevada Rural Housing Authority.|
|Owyhee||1||The HUD funded Public Housing Agency that serves Owyhee is the Nevada Rural Housing Authority.|
|Carlin||0||The HUD funded Public Housing Agency that serves Carlin is the Nevada Rural Housing Authority.|
|Lamoille||0||The HUD funded Public Housing Agency that serves Lamoille is the Nevada Rural Housing Authority.|
|Montello||0||The HUD funded Public Housing Agency that serves Montello is the Nevada Rural Housing Authority.|
|Oasis||0||The HUD funded Public Housing Agency that serves Oasis is the Nevada Rural Housing Authority.|
|Osino||0||The HUD funded Public Housing Agency that serves Osino is the Nevada Rural Housing Authority.|
|Spring Creek||0||The HUD funded Public Housing Agency that serves Spring Creek is the Nevada Rural Housing Authority.|
|Wells||0||The HUD funded Public Housing Agency that serves Wells is the Nevada Rural Housing Authority.|