Affordable Housing In South Burlington
11 Low Income Apartment Communities In South Burlington
Housing Authorities that serve South Burlington
|Vermont State Housing Authority||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in South Burlington, Vermont
There are 11 low income housing apartment communities offering 423 affordable apartments for rent in South Burlington, Vermont.
Income Based Apartments in South Burlington, Vermont
South Burlington features 187 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 South Burlington, Vermont
There are 236 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in South Burlington.
Housing Choice Vouchers in South Burlington, Vermont
On average, Section 8 Housing Choice vouchers pay South Burlington landlords $900 per month towards rent. The average voucher holder contributes $500 towards rent in South Burlington.
The maximum amount a voucher would pay on behalf of a low-income tenant in South Burlington, Vermont for a two-bedroom apartment is between $1,465 and $1,791.
2021 South Burlington, 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|
|South Burlington, Vermont Fair Market Rent||$1,091||$1,265||$1,628||$2,025||$2,208|
|South Burlington, Vermont Payment Standard Range||$982 to $1,200||$1,139 to $1,392||$1,465 to $1,791||$1,823 to $2,228||$1,987 to $2,429|
Sourced from federal housing data and AffordableHousingOnline.com research.
South Burlington, VT Affordable Housing Snapshot
|Total Affordable Apartment Properties||11|
|Total Low Income Apartments||423|
|Total Housing Units with Rental Assistance||187|
|Percentage of Housing Units Occupied By Renters||34.42%|
|Average Renter Household Size||1.84|
|Average Household Size||2.19|
|Median Household Income||$65,840 ±$2,662|
|Median Rent||$1,274 ±$65|
|Percentage Of Renters Overburdened||48.97% ± 8.83pp|
Population and Household Demographics
South Burlington is a city in Chittenden County, Vermont with a population of 18,536. There are 8,289 households in the city with an average household size of 2.19 persons. 34.42% of households in South Burlington are renters.
Income and Rent Overburden in South Burlington
The median gross income for households in South Burlington is $65,840 a year, or $5,487 a month. The median rent for the city is $1,274 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In South Burlington, a household making less than $4,247 a month would be considered overburdened when renting an apartment at or above the median rent. 48.97% of households who rent are overburdened in South Burlington.
Area Median Income In South Burlington
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 South Burlington, the AMI is calculated from all households within Chittenden County.
In South Burlington, HUD calculates the Area Median Income for a family of four as $89,700
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 South Burlington
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 South Burlington
|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 South Burlington AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the South Burlington AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the South Burlington AMI may qualify for rental assistance programs that target Low Income households.