Affordable Housing In Washoe Valley
Washoe County, Nevada

Housing Authorities that serve Washoe Valley

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

Guide To Affordable Housing in Washoe Valley, Nevada

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Washoe Valley, Nevada.

Income Based Apartments in Washoe Valley, Nevada

Washoe 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 Washoe Valley, Nevada

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Washoe Valley.

Housing Choice Vouchers in Washoe Valley, Nevada

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

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

2020 Washoe 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.

Washoe Valley, NV Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 12.75%
Average Renter Household Size 1.96
Average Household Size 2.51
Median Household Income $78,836 ±$13,553
Median Rent $993 ±$359
Percentage Of Renters Overburdened 5.29% ± 14.41pp
Total Population 3,348

Population and Household Demographics

Washoe Valley is a City in Washoe County, Nevada with a population of 3,348. There are 1,333 households in the city with an average household size of 2.51 persons. 12.75% of households in Washoe Valley are renters.

Income and Rent Overburden in Washoe Valley

The median gross income for households in Washoe Valley is $78,836 a year, or $6,570 a month. The median rent for the city is $993 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Washoe Valley, a household making less than $3,310 a month would be considered overburdened when renting an apartment at or above the median rent. 5.29% of households who rent are overburdened in Washoe Valley.1

Area Median Income In Washoe 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 Washoe Valley, the AMI is calculated from all households within Washoe County.

In Washoe Valley, HUD calculates the Area Median Income for a family of four as $78,100

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 Washoe 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 Washoe Valley

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,450 $18,800 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $27,350 $31,250 $35,150 $39,050 $42,200 $45,300 $48,450 $51,550
80% of Median $43,750 $50,000 $56,250 $62,500 $67,500 $72,500 $77,500 $82,500