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Affordable Housing In Corvallis
Benton County, Oregon

13 Low Income Apartment Communities In Corvallis

Alexander Court

100 SW Alexander Ave
Corvallis, Oregon
$590-877
1-3 BR
Accepts Vouchers
Accessible

Walnut Court Apartments

842 NE 2nd St
Corvallis, Oregon
Call For Rent
Studio-1 BR
Subsidized
62+
Accepts Vouchers

Glenwood Manor Apartments

1687 NW Division St
Corvallis, Oregon
Call For Rent
1 BR
Subsidized

Seavey Meadows

1099 NE Sorrel Pl
Corvallis, Oregon
$583
1 BR
Accepts Vouchers

Larson Commons

2560 SW 3rd St
Corvallis, Oregon
Accepts Vouchers

Lancaster Bridge

3384A NE Oxford Cir
Corvallis, Oregon
Accepts Vouchers

Camas Commons

5140 SW Meadow Flower Dr
Corvallis, Oregon
Accepts Vouchers
Accessible

South Corvallis Townhouses I

2520 SW Pickford St
Corvallis, Oregon
Accepts Vouchers

South Corvallis Townhouses II

2564 SW Pickford St
Corvallis, Oregon
Accepts Vouchers

Janus House

606 SW 5th St
Corvallis, Oregon
Subsidized
62+
Accessible
Elderly Supportive Housing

Guide To Affordable Housing in Corvallis, Oregon

There are 13 low income housing apartment communities offering 494 affordable apartments for rent in Corvallis, Oregon.

Income Based Apartments in Corvallis, Oregon

Corvallis features 225 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 Corvallis, Oregon

There are 269 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Corvallis.

Housing Choice Vouchers in Corvallis, Oregon

On average, Section 8 Housing Choice vouchers pay Corvallis landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Corvallis.

The maximum amount a voucher would pay on behalf of a low-income tenant in Corvallis, Oregon for a two-bedroom apartment is between $1,059 and $1,295.

2020 Corvallis, Oregon 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 $869 $991 $1,177 $1,698 $2,066
Payment Standard Range $782 to $956 $892 to $1,090 $1,059 to $1,295 $1,528 to $1,868 $1,859 to $2,273

Sourced from federal housing data and AffordableHousingOnline.com research.

Corvallis, OR Affordable Housing Snapshot

Total Affordable Apartment Properties 13
Total Low Income Apartments 494
Total Housing Units with Rental Assistance 225
Percentage of Housing Units Occupied By Renters 56.29%
Average Renter Household Size 2.25
Average Household Size 2.31
Median Household Income $42,488 ±$2,301
Median Rent $868 ±$17
Percentage Of Renters Overburdened 54.77% ± 3.1pp
Total Population 54,981

Population and Household Demographics

Corvallis is a city in Benton County, Oregon with a population of 54,981. There are 21,588 households in the city with an average household size of 2.31 persons. 56.29% of households in Corvallis are renters.

Income and Rent Overburden in Corvallis

The median gross income for households in Corvallis is $42,488 a year, or $3,541 a month. The median rent for the city is $868 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Corvallis, a household making less than $2,893 a month would be considered overburdened when renting an apartment at or above the median rent. 54.77% of households who rent are overburdened in Corvallis.

Area Median Income In Corvallis

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 Corvallis, the AMI is calculated from all households within Benton County.

In Corvallis, HUD calculates the Area Median Income for a family of four as $81,000

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 Corvallis

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 Corvallis

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,050 $19,450 $21,900 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $28,350 $32,400 $36,450 $40,500 $43,750 $47,000 $50,250 $53,500
80% of Median $45,400 $51,850 $58,350 $64,800 $70,000 $75,200 $80,400 $85,550