Affordable Housing In West Fargo
23 Low Income Apartment Communities In West Fargo
Housing Authorities that serve West Fargo
|Housing Authority of Cass County||Section 8 Housing Choice Voucher (HCV); Public Housing|
|Fargo Housing||Section 8 Housing Choice Voucher (HCV); Public Housing; Section 8 Project-Based Voucher (PBV)|
Guide To Affordable Housing in West Fargo, North Dakota
There are 23 low income housing apartment communities offering 692 affordable apartments for rent in West Fargo, North Dakota.
Income Based Apartments in West Fargo, North Dakota
West Fargo features 195 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 West Fargo, North Dakota
There are 497 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in West Fargo.
Housing Choice Vouchers in West Fargo, North Dakota
On average, Section 8 Housing Choice vouchers pay West Fargo landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in West Fargo.
The maximum amount a voucher would pay on behalf of a low-income tenant in West Fargo, North Dakota for a two-bedroom apartment is between $786 and $960.
2021 West Fargo, 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|
|West Fargo, North Dakota Fair Market Rent||$593||$712||$873||$1,249||$1,512|
|West Fargo, North Dakota Payment Standard Range||$534 to $652||$641 to $783||$786 to $960||$1,124 to $1,374||$1,361 to $1,663|
Sourced from federal housing data and AffordableHousingOnline.com research.
West Fargo, ND Affordable Housing Snapshot
|Total Affordable Apartment Properties||23|
|Total Low Income Apartments||692|
|Total Housing Units with Rental Assistance||195|
|Percentage of Housing Units Occupied By Renters||33.07%|
|Average Renter Household Size||2.03|
|Average Household Size||2.51|
|Median Household Income||$69,549 ±$3,286|
|Median Rent||$751 ±$41|
|Percentage Of Renters Overburdened||31.37% ± 6.71pp|
Population and Household Demographics
West Fargo is a city in Cass County, North Dakota with a population of 29,892. There are 11,856 households in the city with an average household size of 2.51 persons. 33.07% of households in West Fargo are renters.
Income and Rent Overburden in West Fargo
The median gross income for households in West Fargo is $69,549 a year, or $5,796 a month. The median rent for the city is $751 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In West Fargo, a household making less than $2,503 a month would be considered overburdened when renting an apartment at or above the median rent. 31.37% of households who rent are overburdened in West Fargo.
Area Median Income In West Fargo
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 West Fargo, the AMI is calculated from all households within Cass County.
In West Fargo, HUD calculates the Area Median Income for a family of four as $89,400
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 West Fargo
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 West Fargo
|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 West Fargo AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the West Fargo AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the West Fargo AMI may qualify for rental assistance programs that target Low Income households.