Low Income Apartments and Affordable Housing For Rent in Jackpot, NV

Discover affordable housing in Jackpot where there are 2+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Mountain View Apartments

1235 Lady Luck Dr, Jackpot, Nevada 89825

San Jacinto Apartments

880 Lady Luck Dr, Jackpot, Nevada 89825

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Jackpot, Nevada
$27.18/hour
$16.93 (+165%) more than Nevada minimum wage and $19.93 (+275%) more than the Federal minimum wage.
Learn More About Jackpot, Nevada Affordable Housing ↓

What HUD offices serve Jackpot, Nevada?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Section 8 Project-Based Rental Assistance (PBRA), Homeownership programs for Jackpot, Nevada.

Go to the Nevada Public Housing and Low-Income Apartments Waiting Lists page for openings near Jackpot.

How many renters live in Jackpot, Nevada?

The City of Jackpot has 1,215 people living in 316 households.

There are 286 renters living in 178 renter households in this City. Renters make up 23.54 percent of the population living in Jackpot.

What is the rental market like in Jackpot, Nevada?

There are an estimated 537 housing units in the Jackpot area. Of these, 273 units are rental homes, making up 51 percent of the housing market. For every renter household in Jackpot, Nevada, there are 2 rental units.

What is the vacancy rate for rentals in Jackpot?

The rental vacancy rate in Jackpot is 35 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Jackpot for each bedroom size?

Occupied Rental Units by Size in Jackpot
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
72 42 42 22 0
Occupied Rental Units by Size in Jackpot

A large number of apartments in Jackpot have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Jackpot are overburdened by housing costs?

Among renter households in this market, 6 percent have housing cost burden. Further, 0 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Jackpot

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $973 to $2,134. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $973
One BR $1,092
Two BR $1,435
Three BR $1,880
Four BR $2,134
2024 Fair Market Rents in Jackpot, Nevada

How many units are rented at Fair Market Rent (FMR) in Jackpot?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 68 94 percent
One BR 31 74 percent
Two BR 42 100 percent
Rental Units Below FMR in Jackpot, Nevada

How many affordable rental units are in Jackpot?

There are a variety of federal affordable housing programs serving households in Jackpot, Nevada including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 19
USDA Section 515 Rural Rental Housing 40
Tracked Units by Federal Program in Jackpot, Nevada

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Jackpot, Nevada

Jackpot features 40 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 Jackpot, Nevada

There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Jackpot.

Housing Choice Vouchers in Jackpot, Nevada

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Jackpot, Nevada for a two-bedroom apartment is between $1,292 and $1,579.

Sourced from federal housing data and AffordableHousingOnline.com research.