Affordable Housing In Polk County
Oregon

12 Low Income Apartment Communities In Polk County

The Village

373 Catron St N
Monmouth, OR
Call For Rent
1 BR
HCV Welcome

Woodbridge Meadows

288 SE Dimick St
Dallas, OR
Call For Rent
2-3 BR
HCV Welcome

Franklin Place Apartments

317 Ecols St S
Monmouth, OR
Call For Rent
1-3 BR

Rickreall Creek Townhomes

277 SW Walnut Ave
Dallas, OR
Call For Rent
2-3 BR
HCV Welcome

Countrywood Manor Apartments

217 SE Lacreole Dr
Dallas, OR
Call For Rent
1-2 BR

College Manor

265 College St S
Monmouth, OR
Subsidized

Village Apartments, The

526 Powell St E
Monmouth, OR
Subsidized

Willamina Villa - Beaver State

320 NE 1st St
Willamina, OR
Subsidized

Dallas Independence Amp

345 SW Donald St
Dallas, OR

Main Street Triplex

1110 Main St
Dallas, OR
HCV Welcome

Housing Authorities that serve Polk County

Housing Authority Programs
Housing And Urban Renewal Agency of Polk County Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Polk County, Oregon

According to federal housing data and AffordableHousingOnline.com research, there are 12 low income housing apartment communities offering 594 affordable apartments for rent in Polk County, Oregon. Polk County features 400 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 194 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Polk County.

Polk County, OR Affordable Housing Snapshot

Total Affordable Apartment Properties 12
Total Low Income Apartments 594
Total Housing Units with Rental Assistance 400
Percentage of Housing Units Occupied By Renters 35.72%
Average Renter Household Size 2.57
Average Household Size 2.65
Median Household Income $52,821 ±$1,699
Median Rent $795 ±$29
Percentage Of Renters Overburdened 53.01% ± 4.15pp
Total Population 77,264

Population and Household Demographics

Polk County is a County in Oregon with a population of 77,264. There are 28,458 households in the county with an average household size of 2.65 persons. 35.72% of households in Polk County are renters.

Income and Rent Overburden in Polk County

The median gross income for households in Polk County is $52,821 a year, or $4,402 a month. The median rent for the county is $795 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Polk County, a household making less than $2,650 a month would be considered overburdened when renting an apartment at or above the median rent. 53.01% of households who rent are overburdened in Polk County.1

Area Median Income In Polk 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 Polk County, HUD calculates the Area Median Income for a family of four as $69,400

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 Polk 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.

Income Qualifications for Polk County HUD Rental Assistance in Polk County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,600 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
80% of Median $38,850 $44,400 $49,950 $55,500 $59,950 $64,400 $68,850 $73,300
Low Income Housing Tax Credits in Polk County

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

From 1988 to 2007, 5 low income apartment communities containing 150 rental apartments have been constructed and made affordable to low income persons in Polk County by the Low Income Housing Tax Credit Program.

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.

Income Qualifications for Low Income Housing Tax Credit Apartments in Polk County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
60% of Median $29,160 $33,360 $37,500 $41,640 $45,000 $48,360 $51,660 $55,020

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 Polk County is $37,500 a year, or $3,125 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,125 by 30% to get a maximum rent of $938 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 AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $608 $651 $781 $903 $1,008 $1,111
60% $729 $782 $938 $1,083 $1,209 $1,334
Fair Market Rents in Polk 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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$709 $761 $1,001 $1,444 $1,757

Cities In Polk County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Dallas 5 The HUD funded Public Housing Agency that serves Dallas is the Housing And Urban Renewal Agency of Polk County.
Willamina 1 The HUD funded Public Housing Agency that serves Willamina is the Housing And Urban Renewal Agency of Polk County.
Monmouth 4 The HUD funded Public Housing Agency that serves Monmouth is the Housing And Urban Renewal Agency of Polk County.
Independence 2 The HUD funded Public Housing Agency that serves Independence is the Housing And Urban Renewal Agency of Polk County.
Eola 0
Falls City 0
Fort Hill 0
Grand Ronde 0
Rickreall 0