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Affordable Housing In Lake County
Oregon

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There are 1 low income housing apartment complexes which contain 28 affordable apartments for rent in Lake County, Oregon. Many of these rental apartments are income based housing with about 0 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 0 Project-Based Section 8 subsidized apartments in Lake County. There are 28 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Affordable Apartments in Lake County

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555 S 9th St
Lakeview, Oregon
Lakeview Commons ( Rfp ) is a 28 unit low income housing apartment community in Lakeview.
Apartments in this community are not rent subsidized. However, this apartment community has rents considered affordable for low income families in Lakeview.
Low Income Housing Tax Credit
Accepts Housing Choice Vouchers
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Understanding Affordable Housing in Lake County, Oregon

Lake County, OR Affordable Housing Snapshot

Total Affordable Apartment Properties1
Total Low Income Apartments28
Total Rent Assisted Apartments0
Percentage of Housing Units Occupied By Renters40.05%
Average Renter Household Size2.10
Total Population7,842
Housing Units3,526
Average Household Size2.08
Median Household Income$32,369 ±$4,018
Median Rent$604 ±$39
Percentage Of Renters Overburdened39.59% ± 8.56pp

Population and Household Demographics

Lake County is a County in Oregon with a population of 7,842. There are 3,526 households in the county with an average household size of 2.08 persons. 40.05% of households in Lake County are renters.

Income and Rent Overburden in Lake County

The median gross income for households in Lake County is $32,369 a year, or $2,697 a month. The median rent for the county is $604 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lake County, a household making less than $2,013 a month would be considered overburdened when renting an apartment at or above the median rent.39.59% of households who rent are overburdened in Lake County.1

Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 8.56 percentage points.

Area Median Income In Lake County

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.

In Lake County, HUD calculates the Area Median Income for a family of four as $46,800

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 Lake County

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.

Lake County HUD Rental Assistance Income Limits

AMI Band1 Person2 Person3 Person4 Person5 Person6 Person7 Person8 Person
30%$12,060$16,240$20,420$24,600$28,780$30,950$33,050$35,200
50%$18,700$21,350$24,000$26,650$28,800$30,950$33,050$35,200
80%$29,900$34,150$38,400$42,650$46,100$49,500$52,900$56,300

You can identify apartment communities that participate in a program that provides rental assistance by looking for the tags in the apartment list above. View Apartments.

Low Income Housing Tax Credits in Lake County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2005 to 2005, 1 low income apartment communities containing 27 rental apartments have been constructed and made affordable to low income persons in Lake County by the Low Income Housing Tax Credit Program.

You can identify apartment communities that participate in the program in Lake County by looking for the tag in the apartment list above. View Apartments.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Lake County Low Income Housing Tax Credit Income Limits

AMI Band1 Person2 Person3 Person4 Person5 Person6 Person7 Person8 Person
50%$18,700$21,350$24,000$26,650$28,800$30,950$33,050$35,200
HERA 50%$21,000$24,000$27,000$30,000$32,400$34,800$37,200$39,600
60%$22,440$25,620$28,800$31,980$34,560$37,140$39,660$42,240
HERA 60%$25,200$28,800$32,400$36,000$38,880$41,760$44,640$47,520

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Lake County is $28,800 a year, or $2,400 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,400 by 30% to get a maximum rent of $720 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMIStudio2 Bed3 Bed4 Bed1 Bed5 Bed
50%$468$501$600$693$774$853
60%$561$601$720$832$929$1,024
Fair Market Rents in Lake County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2017 Fair Market Rents
StudioOne BRTwo BRThree BRFour BR
$433$512$681$887$1,200

Cities In Lake County

Select A City To View its Listings and Waiting Lists. Use the Search bar to filter.

CityListingsServed By
Lakeview1
New Pine Creek0
Paisley0
Plush0
Silver Lake0