Affordable Housing In Spring House
Housing Authorities that serve Spring House
|Montgomery County Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-Sufficiency|
Guide To Affordable Housing in Spring House, Pennsylvania
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Spring House, Pennsylvania.
Income Based Apartments in Spring House, Pennsylvania
Spring House features 0 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 Spring House, Pennsylvania
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Spring House.
Housing Choice Vouchers in Spring House, Pennsylvania
On average, Section 8 Housing Choice vouchers pay Spring House landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Spring House.
The maximum amount a voucher would pay on behalf of a low-income tenant in Spring House, Pennsylvania for a two-bedroom apartment is between $1,103 and $1,349.
2020 Spring House, 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||$864||$1,013||$1,226||$1,528||$1,754|
|Payment Standard Range||$778 to $950||$912 to $1,114||$1,103 to $1,349||$1,375 to $1,681||$1,579 to $1,929|
Sourced from federal housing data and AffordableHousingOnline.com research.
Spring House, PA Affordable Housing Snapshot
|Total Affordable Apartment Properties||0|
|Total Low Income Apartments||0|
|Total Housing Units with Rental Assistance||0|
|Percentage of Housing Units Occupied By Renters||29.83%|
|Average Renter Household Size||2.05|
|Average Household Size||2.27|
|Median Household Income||$79,016 ±$11,574|
|Median Rent||$2,073 ±$181|
|Percentage Of Renters Overburdened||69.77% ± 11.51pp|
Population and Household Demographics
Spring House is a City in Montgomery County, Pennsylvania with a population of 3,541. There are 1,475 households in the city with an average household size of 2.27 persons. 29.83% of households in Spring House are renters.
Income and Rent Overburden in Spring House
The median gross income for households in Spring House is $79,016 a year, or $6,585 a month. The median rent for the city is $2,073 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Spring House, a household making less than $6,910 a month would be considered overburdened when renting an apartment at or above the median rent. 69.77% of households who rent are overburdened in Spring House.1
Area Median Income In Spring House
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 Spring House, the AMI is calculated from all households within Montgomery County.
In Spring House, HUD calculates the Area Median Income for a family of four as $90,100
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 Spring House
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 Spring House
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$18,950||$21,650||$24,350||$27,050||$30,170||$34,590||$39,010||$43,430|
|50% of Median||$31,550||$36,050||$40,550||$45,050||$48,700||$52,300||$55,900||$59,500|
|80% of Median||$50,500||$57,700||$64,900||$72,100||$77,900||$83,650||$89,450||$95,200|