Affordable Housing In Nye County

8 Low Income Apartment Communities In Nye County

Heritage Park Apartments

1225 S Crowell Ave
Beatty, NV
Call For Rent
1 BR

Palm Terrace Senior Village

Wilson Rd And Margaret St
Pahrump, NV
HCV Welcome

Desert Family

1000 Erie Main
Tonopah, NV

Belmont Apartments

980 Erie Main
Tonopah, NV

Spring Mountain Apartments

1441 E Calvada Blvd
Pahrump, NV

Pahrump Valley Apartments

2151 Pahrump Valley Blvd
Pahrump, NV

Homestead Apartments

4451 N Blagg Rd
Pahrump, NV
HCV Welcome

Courtyard Apartments

2831 E Dandelion St
Pahrump, NV
HCV Welcome
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Housing Authorities that serve Nye County

Housing Authority Programs
Nevada Rural Housing Authority Section 8 Housing Choice Voucher (HCV); Section 8 Project-Based Rental Assistance (PBRA)

Guide To Affordable Housing in Nye County, Nevada

There are 8 low income housing apartment communities offering 326 affordable apartments for rent in Nye County, Nevada. Nye County features 178 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 148 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Nye County.

Sourced from federal housing data and research.

Nye County, NV Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 326
Total Housing Units with Rental Assistance 178
Percentage of Housing Units Occupied By Renters 29.49%
Average Renter Household Size 2.75
Average Household Size 2.42
Median Household Income $41,712 ±$1,666
Median Rent $778 ±$39
Percentage Of Renters Overburdened 45% ± 7.07pp
Total Population 42,625

Population and Household Demographics

Nye County is a County in Nevada with a population of 42,625. There are 17,427 households in the county with an average household size of 2.42 persons. 29.49% of households in Nye County are renters.

Income and Rent Overburden in Nye County

The median gross income for households in Nye County is $41,712 a year, or $3,476 a month. The median rent for the county is $778 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Nye County, a household making less than $2,593 a month would be considered overburdened when renting an apartment at or above the median rent. 45% of households who rent are overburdened in Nye County.1

Area Median Income In Nye 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 Nye County, HUD calculates the Area Median Income for a family of four as $55,500

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 Nye 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 Nye County HUD Rental Assistance in Nye County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,650 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,400 $27,900 $31,400 $34,850 $37,650 $40,450 $43,250 $46,050
80% of Median $39,050 $44,600 $50,200 $55,750 $60,250 $64,700 $69,150 $73,600
Low Income Housing Tax Credits in Nye County

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

From 1991 to 2001, 4 low income apartment communities containing 137 rental apartments have been constructed and made affordable to low income persons in Nye County by the Low Income Housing Tax Credit Program.

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.

Income Qualifications for Low Income Housing Tax Credit Apartments in Nye County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,400 $27,900 $31,400 $34,850 $37,650 $40,450 $43,250 $46,050
60% of Median $29,280 $33,480 $37,680 $41,820 $45,180 $48,540 $51,900 $55,260

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 Nye County is $37,680 a year, or $3,140 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,140 by 30% to get a maximum rent of $942 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 AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $610 $654 $785 $906 $1,011 $1,116
60% $732 $785 $942 $1,088 $1,214 $1,340
Fair Market Rents in Nye County

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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$546 $647 $838 $1,125 $1,242

Cities In Nye County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Pahrump 5 The HUD funded Public Housing Agency that serves Pahrump is the Nevada Rural Housing Authority.
Beatty 1 The HUD funded Public Housing Agency that serves Beatty is the Nevada Rural Housing Authority.
Tonopah 2 The HUD funded Public Housing Agency that serves Tonopah is the Nevada Rural Housing Authority.
Gabbs 0 The HUD funded Public Housing Agency that serves Gabbs is the Nevada Rural Housing Authority.