Affordable Housing In West Rutland
3 Low Income Apartment Communities In West Rutland
Housing Authorities that serve West Rutland
|Vermont State Housing Authority||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in West Rutland, Vermont
There are 3 low income housing apartment communities offering 41 affordable apartments for rent in West Rutland, Vermont.
Income Based Apartments in West Rutland, Vermont
West Rutland features 20 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 West Rutland, Vermont
There are 21 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in West Rutland.
Housing Choice Vouchers in West Rutland, Vermont
On average, Section 8 Housing Choice vouchers pay West Rutland landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in West Rutland.
The maximum amount a voucher would pay on behalf of a low-income tenant in West Rutland, Vermont for a two-bedroom apartment is between $826 and $1,010.
2021 West Rutland, 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|
|West Rutland, Vermont Fair Market Rent||$764||$779||$918||$1,252||$1,378|
|West Rutland, 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.
West Rutland, VT Affordable Housing Snapshot
|Total Affordable Apartment Properties||3|
|Total Low Income Apartments||41|
|Total Housing Units with Rental Assistance||20|
|Percentage of Housing Units Occupied By Renters||18.27%|
|Average Renter Household Size||2.41|
|Average Household Size||2.43|
|Median Household Income||$48,224 ±$5,442|
|Median Rent||$738 ±$140|
|Percentage Of Renters Overburdened||57.05% ± 25.24pp|
Population and Household Demographics
West Rutland is a city in Rutland County, Vermont with a population of 2,075. There are 854 households in the city with an average household size of 2.43 persons. 18.27% of households in West Rutland are renters.
Income and Rent Overburden in West Rutland
The median gross income for households in West Rutland is $48,224 a year, or $4,019 a month. The median rent for the city is $738 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In West Rutland, a household making less than $2,460 a month would be considered overburdened when renting an apartment at or above the median rent. 57.05% of households who rent are overburdened in West Rutland.
Area Median Income In West Rutland
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 West Rutland, the AMI is calculated from all households within Rutland County.
In West Rutland, 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 West Rutland
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 West Rutland
|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 West Rutland AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the West Rutland AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the West Rutland AMI may qualify for rental assistance programs that target Low Income households.