Affordable Housing In Augusta County
7 Low Income Apartment Communities In Augusta County
Guide To Affordable Housing in Augusta County, Virginia
There are 7 low income housing apartment communities offering 400 affordable apartments for rent in Augusta County, Virginia.
Income Based Apartments in Augusta County, Virginia
Augusta County features 124 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 Augusta County, Virginia
There are 276 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Augusta County.
Housing Choice Vouchers in Augusta County, Virginia
On average, Section 8 Housing Choice vouchers pay Augusta County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Augusta County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Augusta County, Virginia for a two-bedroom apartment is between $819 and $1,001.
2021 Augusta County, Virginia 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|
|Augusta County, Virginia Fair Market Rent||$690||$695||$910||$1,239||$1,416|
|Augusta County, Virginia Payment Standard Range||$621 to $759||$626 to $765||$819 to $1,001||$1,115 to $1,363||$1,274 to $1,558|
Sourced from federal housing data and AffordableHousingOnline.com research.
Augusta County, VA Affordable Housing Snapshot
|Total Affordable Apartment Properties||7|
|Total Low Income Apartments||400|
|Total Housing Units with Rental Assistance||124|
|Percentage of Housing Units Occupied By Renters||20.64%|
|Average Renter Household Size||2.38|
|Average Household Size||2.50|
|Median Household Income||$54,558 ±$1,909|
|Median Rent||$832 ±$50|
|Percentage Of Renters Overburdened||40.7% ± 5.57pp|
Population and Household Demographics
Augusta County is a county in Virginia with a population of 74,053. There are 28,150 households in the county with an average household size of 2.50 persons. 20.64% of households in Augusta County are renters.
Income and Rent Overburden in Augusta County
The median gross income for households in Augusta County is $54,558 a year, or $4,547 a month. The median rent for the county is $832 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Augusta County, a household making less than $2,773 a month would be considered overburdened when renting an apartment at or above the median rent. 40.7% of households who rent are overburdened in Augusta County.
Area Median Income In Augusta 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 Augusta County, HUD calculates the Area Median Income for a family of four as $71,400
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 Augusta 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 HUD Rental Assistance in Augusta County
|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 Augusta County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Augusta County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Augusta County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Augusta County
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