Affordable Housing In Sun Valley
Washoe County, Nevada

1 Low Income Apartment Communities In Sun Valley

Housing Authorities that serve Sun Valley

Housing Authority	Programs
Reno Housing Authority	Section 8 Housing Choice Voucher (HCV); Public Housing; Moving to Work

Guide To Affordable Housing in Sun Valley, Nevada

There are 1 low income housing apartment communities offering 250 affordable apartments for rent in Sun Valley, Nevada.

Income Based Apartments in Sun Valley, Nevada

Sun Valley features 0 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 Sun Valley, Nevada

There are 250 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sun Valley.

Housing Choice Vouchers in Sun Valley, Nevada

On average, Section 8 Housing Choice vouchers pay Sun Valley landlords $500 per month towards rent. The average voucher holder contributes $500 towards rent in Sun Valley.

The maximum amount a voucher would pay on behalf of a low-income tenant in Sun Valley, Nevada for a two-bedroom apartment is between $964 and $1,178.

2020 Sun Valley, 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	$698	$846	$1,071	$1,545	$1,880
Payment Standard Range	$628 to $768	$761 to $931	$964 to $1,178	$1,391 to $1,700	$1,692 to $2,068

Sourced from federal housing data and AffordableHousingOnline.com research.

Sun Valley, NV Affordable Housing Snapshot

Total Affordable Apartment Properties	1
Total Low Income Apartments	250
Total Housing Units with Rental Assistance	0
Percentage of Housing Units Occupied By Renters	31.24%
Average Renter Household Size	3.48
Average Household Size	3.13
Median Household Income	$44,013 ±$3,720
Median Rent	$957 ±$74
Percentage Of Renters Overburdened	48.7% ± 9.57pp
Total Population	19,663

Population and Household Demographics

Sun Valley is a city in Washoe County, Nevada with a population of 19,663. There are 6,284 households in the city with an average household size of 3.13 persons. 31.24% of households in Sun Valley are renters.

Income and Rent Overburden in Sun Valley

The median gross income for households in Sun Valley is $44,013 a year, or $3,668 a month. The median rent for the city is $957 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Sun Valley, a household making less than $3,190 a month would be considered overburdened when renting an apartment at or above the median rent. 48.7% of households who rent are overburdened in Sun Valley.

Area Median Income In Sun Valley

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 Sun Valley, the AMI is calculated from all households within Washoe County.

In Sun Valley, HUD calculates the Area Median Income for a family of four as $79,600

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 Sun Valley

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 Sun Valley

Income	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30% of Median	$16,750	$19,150	$21,720	$26,200	$30,680	$35,160	$39,640	$44,120
50% of Median	$27,900	$31,850	$35,850	$39,800	$43,000	$46,200	$49,400	$52,550
80% of Median	$44,600	$51,000	$57,350	$63,700	$68,800	$73,900	$79,000	$84,100