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Affordable Housing In Fallon
Churchill County,Nevada

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There are 11 low income housing apartment complexes which contain 491 affordable apartments for rent in Fallon, Nevada. Many of these rental apartments are income based housing with about 318 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 100 Project-Based Section 8 subsidized apartments in Fallon. There are 649 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Affordable Apartments in Fallon

Image of Arborwood I Apartments
100 Serpa Place
Fallon, Nevada
Arborwood I Apartments is a 36 unit low income housing apartment community that provides 1-3 bedroom apartments for rent in Fallon.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Low Income Housing Tax Credit
Section 515 Rural Rental Housing
Rural Development Rental Assistance
Project Based Rental Assistance
Accepts Housing Choice Vouchers
View More
Image of Arborwood II Apartments
451 N. Broadway
Fallon, Nevada
Arborwood II Apartments is a 36 unit low income housing apartment community that provides 1 bedroom apartments for rent in Fallon.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Low Income Housing Tax Credit
Section 515 Rural Rental Housing
Rural Development Rental Assistance
Project Based Rental Assistance
Accepts Housing Choice Vouchers
View More
Image of Bellaire Apartments
1825 Auction Road
Fallon, Nevada
Bellaire Apartments is a 21 unit low income housing apartment community in Fallon.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Low Income Housing Tax Credit
Section 515 Rural Rental Housing
Rural Development Rental Assistance
Project Based Rental Assistance
Accepts Housing Choice Vouchers
View More
Image of Desertaire Apartments
1795 Auction Road
Fallon, Nevada
Desertaire Apartments is a 19 unit low income housing apartment community in Fallon.
Apartments in this community are not rent subsidized. However, this apartment community has rents considered affordable for low income families in Fallon.
Low Income Housing Tax Credit
Section 515 Rural Rental Housing
Accepts Housing Choice Vouchers
View More
Image of Desertwood Apartments
1775 Auction Road
Fallon, Nevada
Desertwood Apartments is a 21 unit low income housing apartment community in Fallon.
Apartments in this community are not rent subsidized. However, this apartment community has rents considered affordable for low income families in Fallon.
Section 515 Rural Rental Housing
View More

Understanding Affordable Housing in Fallon, Nevada

Fallon, NV Affordable Housing Snapshot

Total Affordable Apartment Properties11
Total Low Income Apartments491
Total Rent Assisted Apartments318
Percentage of Housing Units Occupied By Renters62.81%
Average Renter Household Size2.63
Total Population8,442
Housing Units3,412
Average Household Size2.41
Median Household Income$39,580 ±$4,965
Median Rent$852 ±$49
Percentage Of Renters Overburdened43.07% ± 8.63pp

Population and Household Demographics

Fallon is a City in Churchill County, Nevada with a population of 8,442. There are 3,412 households in the city with an average household size of 2.41 persons. 62.81% of households in Fallon are renters.

Income and Rent Overburden in Fallon

The median gross income for households in Fallon is $39,580 a year, or $3,298 a month. The median rent for the city is $852 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fallon, a household making less than $2,840 a month would be considered overburdened when renting an apartment at or above the median rent.43.07% of households who rent are overburdened in Fallon.1

Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 8.63 percentage points.

Area Median Income In Fallon

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 Fallon, the AMI is calculated from all households within Churchill County.

In Fallon, HUD calculates the Area Median Income for a family of four as $53,200

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 Fallon

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.

Fallon HUD Rental Assistance Income Limits

AMI Band1 Person2 Person3 Person4 Person5 Person6 Person7 Person8 Person
30%$13,200$16,240$20,420$24,600$28,780$32,960$37,140$41,320
50%$22,050$25,200$28,350$31,450$34,000$36,500$39,000$41,550
80%$35,250$40,250$45,300$50,300$54,350$58,350$62,400$66,400

You can identify apartment communities that participate in a program that provides rental assistance by looking for the tags in the apartment list above. View Apartments.

Low Income Housing Tax Credits in Fallon

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1991 to 1995, 7 low income apartment communities containing 196 rental apartments have been constructed and made affordable to low income persons in Fallon by the Low Income Housing Tax Credit Program.

You can identify apartment communities that participate in the program in Fallon by looking for the tag in the apartment list above. View Apartments.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Fallon Low Income Housing Tax Credit Income Limits

AMI Band1 Person2 Person3 Person4 Person5 Person6 Person7 Person8 Person
50%$22,050$25,200$28,350$31,450$34,000$36,500$39,000$41,550
HERA 50%$25,300$28,900$32,500$36,100$39,000$41,900$44,800$47,700
60%$26,460$30,240$34,020$37,740$40,800$43,800$46,800$49,860
HERA 60%$30,360$34,680$39,000$43,320$46,800$50,280$53,760$57,240

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Fallon is $34,020 a year, or $2,835 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,835 by 30% to get a maximum rent of $851 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMIStudio2 Bed3 Bed4 Bed1 Bed5 Bed
50%$551$591$709$818$913$1,007
60%$662$709$851$982$1,095$1,208
Fair Market Rents in Fallon

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2017 Fair Market Rents
StudioOne BRTwo BRThree BRFour BR
$629$634$842$1,084$1,206