Affordable Housing In Bedford County
2 Low Income Apartment Communities In Bedford County
Housing Authorities that serve Bedford County
|Step Inc||Section 8 Housing Choice Voucher (HCV)|
|Virginia Housing||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Bedford County, Virginia
There are 2 low income housing apartment communities offering 112 affordable apartments for rent in Bedford County, Virginia.
Income Based Apartments in Bedford County, Virginia
Bedford County features 112 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 Bedford County, Virginia
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bedford County.
Housing Choice Vouchers in Bedford County, Virginia
On average, Section 8 Housing Choice vouchers pay Bedford County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Bedford County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bedford County, Virginia for a two-bedroom apartment is between $706 and $862.
2021 Bedford 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|
|Bedford County, Virginia Fair Market Rent||$633||$660||$784||$1,053||$1,241|
|Bedford County, Virginia Payment Standard Range||$570 to $696||$594 to $726||$706 to $862||$948 to $1,158||$1,117 to $1,365|
Sourced from federal housing data and AffordableHousingOnline.com research.
Bedford County, VA Affordable Housing Snapshot
|Total Affordable Apartment Properties||2|
|Total Low Income Apartments||112|
|Total Housing Units with Rental Assistance||112|
|Percentage of Housing Units Occupied By Renters||18.77%|
|Average Renter Household Size||2.34|
|Average Household Size||2.48|
|Median Household Income||$56,316 ±$1,620|
|Median Rent||$754 ±$41|
|Percentage Of Renters Overburdened||40.11% ± 4.93pp|
Population and Household Demographics
Bedford County is a county in Virginia with a population of 76,463. There are 30,591 households in the county with an average household size of 2.48 persons. 18.77% of households in Bedford County are renters.
Income and Rent Overburden in Bedford County
The median gross income for households in Bedford County is $56,316 a year, or $4,693 a month. The median rent for the county is $754 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bedford County, a household making less than $2,513 a month would be considered overburdened when renting an apartment at or above the median rent. 40.11% of households who rent are overburdened in Bedford County.
Area Median Income In Bedford 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 Bedford County, HUD calculates the Area Median Income for a family of four as $73,700
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 Bedford 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 Bedford 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 Bedford 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 Bedford 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 Bedford County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Bedford County
Select A City to View its Apartment Communities and Waiting Lists.
|Bedford||The HUD funded Public Housing Agencies that serve Bedford are the Step Inc and Virginia Housing.|
|Big Island||The HUD funded Public Housing Agencies that serve Big Island are the Step Inc and Virginia Housing.|
|Forest||The HUD funded Public Housing Agencies that serve Forest are the Step Inc and Virginia Housing.|
|Montvale||The HUD funded Public Housing Agencies that serve Montvale are the Step Inc and Virginia Housing.|