Affordable Housing programs support 1,787 income based apartments in Newport County where households pay rent based on how much they earn.
There are 650 affordable apartments in Newport County that offer reduced rents to low-income households.
There are no open Section 8 Housing Choice Voucher waiting lists in Newport County. Go to the Rhode Island Section 8 Waiting Lists page for openings near Newport County.
Newport County features 1,787 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
There are 650 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Newport County.
On average, Section 8 Housing Choice vouchers pay Newport County landlords $1,000 per month towards rent. The average voucher holder contributes $400 towards rent in Newport County.
Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. 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.
|Town/Area||Studio||One BR||Two BR||Three BR||Four BR|
|Little Compton town||$1,066||$1,171||$1,409||$1,715||$2,118|
Sourced from federal housing data and AffordableHousingOnline.com research.
|Total Affordable Apartment Properties||38|
|Total Low Income Apartments||2,477|
|Total Housing Units with Rental Assistance||1,787|
|Percentage of Housing Units Occupied By Renters||38.1%|
|Average Renter Household Size||2.07|
|Average Household Size||2.27|
|Median Household Income||$69,526 ±$4,013|
|Median Rent||$1,111 ±$36|
|Percentage Of Renters Overburdened||45% ± 3.06pp|
Newport County is a county in Rhode Island with a population of 82,663. There are 34,848 households in the county with an average household size of 2.27 persons. 38.1% of households in Newport County are renters.
The median gross income for households in Newport County is $69,526 a year, or $5,794 a month. The median rent for the county is $1,111 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Newport County, a household making less than $3,703 a month would be considered overburdened when renting an apartment at or above the median rent. 45% of households who rent are overburdened in Newport 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 Newport County, HUD calculates the Area Median Income for a family of four as $97,600
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 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.
|1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% AMI Income Limits
Renters earning up to 30% of the Newport County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Newport County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Newport County AMI may qualify for rental assistance programs that target Low Income households.