Affordable Housing In Summit County

14 Low Income Apartment Communities In Summit County

Meadow View II

530 S 70 E
Kamas, UT

Holiday Village Apartments

2200 Monitor Drive
Park City, UT

Parkside Apartments

1776 Kearns Blvd
Park City, UT
HCV Welcome

Newpark Studios

1436 Ute Blvd
Park City, UT
HCV Welcome

Richer Place Apartments

1581 Ute Blvd
Park City, UT
HCV Welcome

Iron Horse Park Apartments

1662 Lower Iron Horse Loop
Park City, UT
HCV Welcome

Silver Meadows Estates

1935 Cooke Dr
Park City, UT
HCV Welcome

Elk Meadows Apartments

2627 Kilby Rd
Park City, UT
HCV Welcome

Aspen Villas

1863 Kearns Blvd
Park City, UT
HCV Welcome

Washington Mill

240 Daly Ave
Park City, UT
HCV Welcome

There are 14 low income housing apartment complexes which contain 580 affordable apartments for rent in Summit County. Many of these rental apartments are income based housing with 128 apartments that set rent based on your income. In Summit County, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 452 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Guide To Affordable Housing in Summit County, Utah

Summit County, UT Affordable Housing Snapshot

Total Affordable Apartment Properties 14
Total Low Income Apartments 580
Total Rent Assisted Apartments 128
Percentage of Housing Units Occupied By Renters 25.41%
Average Renter Household Size 2.76
Total Population 38,521
Housing Units 13,927
Average Household Size 2.75
Median Household Income $91,773 ±$5,336
Median Rent $1,220 ±$87
Percentage Of Renters Overburdened 39.05% ± 5.6pp

Population and Household Demographics

Summit County is a County in Utah with a population of 38,521. There are 13,927 households in the county with an average household size of 2.75 persons. 25.41% of households in Summit County are renters.

Income and Rent Overburden in Summit County

The median gross income for households in Summit County is $91,773 a year, or $7,648 a month. The median rent for the county is $1,220 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Summit County, a household making less than $4,067 a month would be considered overburdened when renting an apartment at or above the median rent. 39.05% of households who rent are overburdened in Summit County.1

Area Median Income In Summit 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 Summit County, HUD calculates the Area Median Income for a family of four as $109,800

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 Summit County

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 Summit County HUD Rental Assistance in Summit County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $23,100 $26,400 $29,700 $32,950 $35,600 $38,250 $40,900 $43,500
50% of Median $38,450 $43,950 $49,450 $54,900 $59,300 $63,700 $68,100 $72,500
80% of Median $52,850 $60,400 $67,950 $75,500 $81,550 $87,600 $93,650 $99,700
Low Income Housing Tax Credits in Summit County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1993 to 2005, 8 low income apartment communities containing 604 rental apartments have been constructed and made affordable to low income persons in Summit County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Summit County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $38,450 $43,950 $49,450 $54,900 $59,300 $63,700 $68,100 $72,500
60% of Median $46,140 $52,740 $59,340 $65,880 $71,160 $76,440 $81,720 $87,000

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Summit County is $59,340 a year, or $4,945 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,945 by 30% to get a maximum rent of $1,484 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $961 $1,030 $1,236 $1,428 $1,593 $1,758
60% $1,154 $1,236 $1,484 $1,713 $1,911 $2,109
Fair Market Rents in Summit County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, 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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$760 $977 $1,183 $1,570 $2,078

Cities In Summit County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Park City 10
Kamas 2
Oakley 1
Coalville 1
Echo 0
Francis 0
Henefer 0
Hoytsville 0
Marion 0
Peoa 0
Samak 0
Silver Summit 0
Snyderville 0
Summit Park 0
Wanship 0
Woodland 0