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Affordable Housing In Stoneboro
Mercer County, Pennsylvania

1 Low Income Apartment Communities In Stoneboro

Lakeview Manor

25 Lake St
Stoneboro, Pennsylvania
Subsidized
62+
Accessible
Elderly Supportive Housing
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Housing Authorities that serve Stoneboro

Housing Authority Programs
Mercer County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Stoneboro, Pennsylvania

There are 1 low income housing apartment communities offering 50 affordable apartments for rent in Stoneboro, Pennsylvania.

Income Based Apartments in Stoneboro, Pennsylvania

Stoneboro features 50 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 Stoneboro, Pennsylvania

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

Housing Choice Vouchers in Stoneboro, Pennsylvania

On average, Section 8 Housing Choice vouchers pay Stoneboro landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Stoneboro.

The maximum amount a voucher would pay on behalf of a low-income tenant in Stoneboro, Pennsylvania for a two-bedroom apartment is between $650 and $794.

2020 Stoneboro, 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 $551 $555 $722 $930 $1,034
Payment Standard Range $496 to $606 $500 to $611 $650 to $794 $837 to $1,023 $931 to $1,137

Sourced from federal housing data and AffordableHousingOnline.com research.

Stoneboro, PA Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 50
Total Housing Units with Rental Assistance 50
Percentage of Housing Units Occupied By Renters 38%
Average Renter Household Size 1.95
Average Household Size 2.10
Median Household Income $43,594 ±$10,722
Median Rent $581 ±$99
Percentage Of Renters Overburdened 31.32% ± 11.24pp
Total Population 1,005

Population and Household Demographics

Stoneboro is a city in Mercer County, Pennsylvania with a population of 1,005. There are 479 households in the city with an average household size of 2.10 persons. 38% of households in Stoneboro are renters.

Income and Rent Overburden in Stoneboro

The median gross income for households in Stoneboro is $43,594 a year, or $3,633 a month. The median rent for the city is $581 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Stoneboro, a household making less than $1,937 a month would be considered overburdened when renting an apartment at or above the median rent. 31.32% of households who rent are overburdened in Stoneboro.

Area Median Income In Stoneboro

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 Stoneboro, the AMI is calculated from all households within Mercer County.

In Stoneboro, HUD calculates the Area Median Income for a family of four as $66,700

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 Stoneboro

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 Stoneboro

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,000 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,050
50% of Median $23,350 $26,700 $30,050 $33,350 $36,050 $38,700 $41,400 $44,050
80% of Median $37,350 $42,700 $48,050 $53,350 $57,650 $61,900 $66,200 $70,450