Affordable Housing In New Rockford
1 Low Income Apartment Communities In New Rockford
Housing Authorities that serve New Rockford
|Eddy County Housing Authority||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in New Rockford, North Dakota
There are 1 low income housing apartment communities offering 8 affordable apartments for rent in New Rockford, North Dakota.
Income Based Apartments in New Rockford, North Dakota
New Rockford features 8 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 New Rockford, North Dakota
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Rockford.
Housing Choice Vouchers in New Rockford, North Dakota
On average, Section 8 Housing Choice vouchers pay New Rockford landlords $300 per month towards rent. The average voucher holder contributes $400 towards rent in New Rockford.
The maximum amount a voucher would pay on behalf of a low-income tenant in New Rockford, North Dakota for a two-bedroom apartment is between $661 and $807.
2021 New Rockford, North Dakota 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|
|New Rockford, North Dakota Fair Market Rent||$589||$593||$734||$1,024||$1,118|
|New Rockford, North Dakota Payment Standard Range||$530 to $648||$534 to $652||$661 to $807||$922 to $1,126||$1,006 to $1,230|
Sourced from federal housing data and AffordableHousingOnline.com research.
New Rockford, ND Affordable Housing Snapshot
|Total Affordable Apartment Properties||1|
|Total Low Income Apartments||8|
|Total Housing Units with Rental Assistance||8|
|Percentage of Housing Units Occupied By Renters||32.01%|
|Average Renter Household Size||1.69|
|Average Household Size||2.04|
|Median Household Income||$45,677 ±$4,244|
|Median Rent||$446 ±$33|
|Percentage Of Renters Overburdened||38.76% ± 18.55pp|
Population and Household Demographics
New Rockford is a city in Eddy County, North Dakota with a population of 1,428. There are 653 households in the city with an average household size of 2.04 persons. 32.01% of households in New Rockford are renters.
Income and Rent Overburden in New Rockford
The median gross income for households in New Rockford is $45,677 a year, or $3,806 a month. The median rent for the city is $446 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In New Rockford, a household making less than $1,487 a month would be considered overburdened when renting an apartment at or above the median rent. 38.76% of households who rent are overburdened in New Rockford.
Area Median Income In New Rockford
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 New Rockford, the AMI is calculated from all households within Eddy County.
In New Rockford, HUD calculates the Area Median Income for a family of four as $76,600
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 New Rockford
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 New Rockford
|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 New Rockford AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the New Rockford AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the New Rockford AMI may qualify for rental assistance programs that target Low Income households.