Affordable Housing In Montrose
Susquehanna County, Pennsylvania

1 Low Income Apartment Communities In Montrose

Montrose Square

15 Church St
Montrose, Pennsylvania
Subsidized
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Housing Authorities that serve Montrose

Housing Authority Programs
Susquehanna County Housing and Redevelopment Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Montrose, Pennsylvania

There are 1 low income housing apartment communities offering 80 affordable apartments for rent in Montrose, Pennsylvania.

Income Based Apartments in Montrose, Pennsylvania

Montrose features 80 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 Montrose, Pennsylvania

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Montrose.

Housing Choice Vouchers in Montrose, Pennsylvania

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Montrose, Pennsylvania for a two-bedroom apartment is between $697 and $851.

2020 Montrose, Pennsylvania 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 $504 $596 $774 $1,014 $1,145
Payment Standard Range $454 to $554 $536 to $656 $697 to $851 $913 to $1,115 $1,031 to $1,260

Sourced from federal housing data and AffordableHousingOnline.com research.

Montrose, PA Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 80
Total Housing Units with Rental Assistance 80
Percentage of Housing Units Occupied By Renters 41.23%
Average Renter Household Size 1.80
Average Household Size 2.15
Median Household Income $42,417 ±$6,159
Median Rent $573 ±$62
Percentage Of Renters Overburdened 48.33% ± 12.67pp
Total Population 1,716

Population and Household Demographics

Montrose is a City in Susquehanna County, Pennsylvania with a population of 1,716. There are 798 households in the city with an average household size of 2.15 persons. 41.23% of households in Montrose are renters.

Income and Rent Overburden in Montrose

The median gross income for households in Montrose is $42,417 a year, or $3,535 a month. The median rent for the city is $573 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Montrose, a household making less than $1,910 a month would be considered overburdened when renting an apartment at or above the median rent. 48.33% of households who rent are overburdened in Montrose.1

Area Median Income In Montrose

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 Montrose, the AMI is calculated from all households within Susquehanna County.

In Montrose, HUD calculates the Area Median Income for a family of four as $63,900

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 Montrose

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 Montrose

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,450 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $42,200
50% of Median $22,400 $25,600 $28,800 $31,950 $34,550 $37,100 $39,650 $42,200
80% of Median $35,800 $40,900 $46,000 $51,100 $55,200 $59,300 $63,400 $67,500