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Affordable Housing In Price
Carbon County, Utah

8 Low Income Apartment Communities In Price

Castle Country Apartments

275 S. 1600 E.
Price, Utah
Call For Rent
1-3 BR

Friendship Center

496 N 100 E
Price, Utah
Elderly Supportive Housing

Wedgewood Villa

530 W 200 S
Price, Utah

Woodside Apartments

635 E 300 S Apt 1
Price, Utah

Eastwood Senior Apartments Wedgewood II

1481 E 150 S
Price, Utah
Elderly Supportive Housing

Newhouse and Avalon Apartments

176 S Highway 55
Price, Utah

Carbon County

251 S 1600 E
Price, Utah

Roscrea Apartments

1680 E 300 S
Price, Utah
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Housing Authorities that serve Price

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

Guide To Affordable Housing in Price, Utah

There are 8 low income housing apartment communities offering 384 affordable apartments for rent in Price, Utah.

Income Based Apartments in Price, Utah

Price features 313 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 Price, Utah

There are 71 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Price.

Housing Choice Vouchers in Price, Utah

On average, Section 8 Housing Choice vouchers pay Price landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Price.

The maximum amount a voucher would pay on behalf of a low-income tenant in Price, Utah for a two-bedroom apartment is between $643 and $785.

2020 Price, Utah 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 $500 $556 $714 $1,005 $1,254
Payment Standard Range $450 to $550 $500 to $612 $643 to $785 $905 to $1,106 $1,129 to $1,379

Sourced from federal housing data and research.

Price, UT Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 384
Total Housing Units with Rental Assistance 313
Percentage of Housing Units Occupied By Renters 40.45%
Average Renter Household Size 2.36
Average Household Size 2.67
Median Household Income $44,070 ±$3,894
Median Rent $577 ±$55
Percentage Of Renters Overburdened 36.91% ± 8.24pp
Total Population 8,505

Population and Household Demographics

Price is a city in Carbon County, Utah with a population of 8,505. There are 2,974 households in the city with an average household size of 2.67 persons. 40.45% of households in Price are renters.

Income and Rent Overburden in Price

The median gross income for households in Price is $44,070 a year, or $3,673 a month. The median rent for the city is $577 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Price, a household making less than $1,923 a month would be considered overburdened when renting an apartment at or above the median rent. 36.91% of households who rent are overburdened in Price.

Area Median Income In Price

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 Price, the AMI is calculated from all households within Carbon County.

In Price, HUD calculates the Area Median Income for a family of four as $63,700

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 Price

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 Price

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,600 $17,800 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $25,950 $29,650 $33,350 $37,050 $40,050 $43,000 $45,950 $48,950
80% of Median $41,550 $47,450 $53,400 $59,300 $64,050 $68,800 $73,550 $78,300