Affordable Housing In Caroline County
4 Low Income Apartment Communities In Caroline County
Housing Authorities that serve Caroline County
|Virginia Housing||Section 8 Housing Choice Voucher (HCV)|
|Central Virginia Resource Corporation - Main||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Caroline County, Virginia
There are 4 low income housing apartment communities offering 106 affordable apartments for rent in Caroline County, Virginia.
Income Based Apartments in Caroline County, Virginia
Caroline County features 50 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 Caroline County, Virginia
There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Caroline County.
Housing Choice Vouchers in Caroline County, Virginia
On average, Section 8 Housing Choice vouchers pay Caroline County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Caroline County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Caroline County, Virginia for a two-bedroom apartment is between $1,047 and $1,279.
2021 Caroline 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|
|Caroline County, Virginia Fair Market Rent||$993||$1,020||$1,163||$1,538||$1,840|
|Caroline County, Virginia Payment Standard Range||$894 to $1,092||$918 to $1,122||$1,047 to $1,279||$1,384 to $1,692||$1,656 to $2,024|
Sourced from federal housing data and AffordableHousingOnline.com research.
Caroline County, VA Affordable Housing Snapshot
|Total Affordable Apartment Properties||4|
|Total Low Income Apartments||106|
|Total Housing Units with Rental Assistance||50|
|Percentage of Housing Units Occupied By Renters||19.28%|
|Average Renter Household Size||2.67|
|Average Household Size||2.48|
|Median Household Income||$59,227 ±$4,268|
|Median Rent||$1,050 ±$98|
|Percentage Of Renters Overburdened||43.5% ± 9.08pp|
Population and Household Demographics
Caroline County is a county in Virginia with a population of 29,349. There are 10,970 households in the county with an average household size of 2.48 persons. 19.28% of households in Caroline County are renters.
Income and Rent Overburden in Caroline County
The median gross income for households in Caroline County is $59,227 a year, or $4,936 a month. The median rent for the county is $1,050 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Caroline County, a household making less than $3,500 a month would be considered overburdened when renting an apartment at or above the median rent. 43.5% of households who rent are overburdened in Caroline County.
Area Median Income In Caroline 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 Caroline County, HUD calculates the Area Median Income for a family of four as $89,400
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 Caroline 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 Caroline 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 Caroline 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 Caroline 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 Caroline County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Caroline County
Select A City to View its Apartment Communities and Waiting Lists.
|Bowling Green||The HUD funded Public Housing Agencies that serve Bowling Green are the Virginia Housing and Central Virginia Resource Corporation - Main.|
|Lake Caroline||The HUD funded Public Housing Agencies that serve Lake Caroline are the Virginia Housing and Central Virginia Resource Corporation - Main.|
|Lake Land'Or||The HUD funded Public Housing Agencies that serve Lake Land'Or are the Virginia Housing and Central Virginia Resource Corporation - Main.|
|Port Royal||The HUD funded Public Housing Agencies that serve Port Royal are the Virginia Housing and Central Virginia Resource Corporation - Main.|