Affordable Housing In Meridian
Cayuga County, New York

Housing Authorities that serve Meridian

Housing Authority Programs
Cayuga County Homsite Development Corporation Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Meridian, New York

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Meridian, New York.

Income Based Apartments in Meridian, New York

Meridian 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 Meridian, New York

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

Housing Choice Vouchers in Meridian, New York

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Meridian, New York for a two-bedroom apartment is between $762 and $932.

2021 Meridian, New York 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
Meridian, New York Fair Market Rent $638 $685 $847 $1,076 $1,197
Meridian, New York Payment Standard Range $574 to $702 $617 to $754 $762 to $932 $968 to $1,184 $1,077 to $1,317

Sourced from federal housing data and AffordableHousingOnline.com research.

Meridian, NY 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 19%
Average Renter Household Size 3.53
Average Household Size 2.93
Median Household Income $61,042 ±$10,139
Median Rent $817 ±$184
Percentage Of Renters Overburdened 31.58% ± 87.35pp
Total Population 293

Population and Household Demographics

Meridian is a city in Cayuga County, New York with a population of 293. There are 100 households in the city with an average household size of 2.93 persons. 19% of households in Meridian are renters.

Income and Rent Overburden in Meridian

The median gross income for households in Meridian is $61,042 a year, or $5,087 a month. The median rent for the city is $817 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Meridian, a household making less than $2,723 a month would be considered overburdened when renting an apartment at or above the median rent. 31.58% of households who rent are overburdened in Meridian.

Area Median Income In Meridian

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 Meridian, the AMI is calculated from all households within Cayuga County.

In Meridian, HUD calculates the Area Median Income for a family of four as $77,400

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 Meridian

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 Meridian

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Meridian AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,700 $17,950 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Meridian AMI may qualify for rental assistance programs that target Very Low Income households.
$26,150 $29,850 $33,600 $37,300 $40,300 $43,300 $46,300 $49,250
80% AMI Income Limits
Renters earning up to 80% of the Meridian AMI may qualify for rental assistance programs that target Low Income households.
$41,800 $47,800 $53,750 $59,700 $64,500 $69,300 $74,050 $78,850