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Affordable Housing In Southold
Suffolk County, New York

1 Low Income Apartment Communities In Southold

Homes Anew I

9625 Main Bayview Rd
Southold, New York
Subsidized
Accessible
Accessible
Disabled Supportive Housing
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Housing Authorities that serve Southold

Housing Authority Programs
Community Development Corporation of Long Island Inc Section 8 Housing Choice Voucher (HCV)
North Fork Housing Alliance Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Southold, New York

There are 1 low income housing apartment communities offering 12 affordable apartments for rent in Southold, New York.

Income Based Apartments in Southold, New York

Southold features 12 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 Southold, New York

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

Housing Choice Vouchers in Southold, New York

On average, Section 8 Housing Choice vouchers pay Southold landlords $1,100 per month towards rent. The average voucher holder contributes $700 towards rent in Southold.

The maximum amount a voucher would pay on behalf of a low-income tenant in Southold, New York for a two-bedroom apartment is between $1,793 and $2,191.

2020 Southold, 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
Fair Market Rent $1,298 $1,624 $1,992 $2,563 $2,858
Payment Standard Range $1,168 to $1,428 $1,462 to $1,786 $1,793 to $2,191 $2,307 to $2,819 $2,572 to $3,144

Sourced from federal housing data and AffordableHousingOnline.com research.

Southold, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 12
Total Housing Units with Rental Assistance 12
Percentage of Housing Units Occupied By Renters 12.85%
Average Renter Household Size 2.28
Average Household Size 2.38
Median Household Income $89,769 ±$16,072
Median Rent $1,372 ±$136
Percentage Of Renters Overburdened 48.52% ± 30.41pp
Total Population 6,295

Population and Household Demographics

Southold is a city in Suffolk County, New York with a population of 6,295. There are 2,630 households in the city with an average household size of 2.38 persons. 12.85% of households in Southold are renters.

Income and Rent Overburden in Southold

The median gross income for households in Southold is $89,769 a year, or $7,481 a month. The median rent for the city is $1,372 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Southold, a household making less than $4,573 a month would be considered overburdened when renting an apartment at or above the median rent. 48.52% of households who rent are overburdened in Southold.

Area Median Income In Southold

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 Southold, the AMI is calculated from all households within Suffolk County.

In Southold, HUD calculates the Area Median Income for a family of four as $126,600

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 Southold

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 Southold

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $26,600 $30,400 $34,200 $38,000 $41,050 $44,100 $47,150 $50,200
50% of Median $44,350 $50,650 $57,000 $63,300 $68,400 $73,450 $78,500 $83,600
80% of Median $65,050 $74,350 $83,650 $92,900 $100,350 $107,800 $115,200 $122,650