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Affordable Housing In Castleton
Rutland County, Vermont

3 Low Income Apartment Communities In Castleton

Parsons Hill

RR 2 Box 4A
Castleton, Vermont
Subsidized

Castleton Meadows

148 Castleton Meadows Ln
Castleton, Vermont
Subsidized

The Harvey House

1997 Main St
Castleton, Vermont
Subsidized
Accessible
Accessible
Disabled Supportive Housing
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Housing Authorities that serve Castleton

Housing Authority Programs
Vermont State Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Castleton, Vermont

There are 3 low income housing apartment communities offering 61 affordable apartments for rent in Castleton, Vermont.

Income Based Apartments in Castleton, Vermont

Castleton features 61 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 Castleton, Vermont

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

Housing Choice Vouchers in Castleton, Vermont

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Castleton, Vermont for a two-bedroom apartment is between $826 and $1,010.

2021 Castleton, Vermont 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
Castleton, Vermont Fair Market Rent $764 $779 $918 $1,252 $1,378
Castleton, Vermont Payment Standard Range $688 to $840 $701 to $857 $826 to $1,010 $1,127 to $1,377 $1,240 to $1,516

Sourced from federal housing data and AffordableHousingOnline.com research.

Castleton, VT Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 61
Total Housing Units with Rental Assistance 61
Percentage of Housing Units Occupied By Renters 45.83%
Average Renter Household Size 1.49
Average Household Size 1.86
Median Household Income $0 ±$0
Median Rent $636 ±$346
Percentage Of Renters Overburdened 0% ± 20.45pp
Total Population 1,203

Population and Household Demographics

Castleton is a city in Rutland County, Vermont with a population of 1,203. There are 192 households in the city with an average household size of 1.86 persons. 45.83% of households in Castleton are renters.

Income and Rent Overburden in Castleton

The median gross income for households in Castleton is $0 a year, or $0 a month. The median rent for the city is $636 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Castleton, a household making less than $2,120 a month would be considered overburdened when renting an apartment at or above the median rent. 0% of households who rent are overburdened in Castleton.

Area Median Income In Castleton

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 Castleton, the AMI is calculated from all households within Rutland County.

In Castleton, HUD calculates the Area Median Income for a family of four as $74,600

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 in Castleton

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 Castleton

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 Castleton AMI may qualify for rental assistance programs that target Extremely Low Income households.
$16,450 $18,800 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Castleton AMI may qualify for rental assistance programs that target Very Low Income households.
$27,450 $31,350 $35,250 $39,150 $42,300 $45,450 $48,550 $51,700
80% AMI Income Limits
Renters earning up to 80% of the Castleton AMI may qualify for rental assistance programs that target Low Income households.
$43,900 $50,150 $56,400 $62,650 $67,700 $72,700 $77,700 $82,700