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Affordable Housing In Craig County
Virginia

1 Low Income Apartment Communities In Craig County

New Castle Manor

248 Chilton St
New Castle, Virginia
Subsidized
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Housing Authorities that serve Craig County

Housing Authority Programs
Virginia Housing Section 8 Housing Choice Voucher (HCV)
Pembroke Management Inc - Craig and Giles Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Craig County, Virginia

There are 1 low income housing apartment communities offering 34 affordable apartments for rent in Craig County, Virginia.

Income Based Apartments in Craig County, Virginia

Craig County features 34 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 Craig County, Virginia

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Craig County.

Housing Choice Vouchers in Craig County, Virginia

On average, Section 8 Housing Choice vouchers pay Craig County landlords $700 per month towards rent. The average voucher holder contributes $200 towards rent in Craig County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Craig County, Virginia for a two-bedroom apartment is between $847 and $1,035.

2021 Craig 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
Craig County, Virginia Fair Market Rent $641 $743 $941 $1,268 $1,387
Craig County, Virginia Payment Standard Range $577 to $705 $669 to $817 $847 to $1,035 $1,141 to $1,395 $1,248 to $1,526

Sourced from federal housing data and AffordableHousingOnline.com research.

Craig County, VA Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 34
Total Housing Units with Rental Assistance 34
Percentage of Housing Units Occupied By Renters 18.97%
Average Renter Household Size 1.94
Average Household Size 2.35
Median Household Income $44,330 ±$5,528
Median Rent $547 ±$125
Percentage Of Renters Overburdened 19.29% ± 11.69pp
Total Population 5,212

Population and Household Demographics

Craig County is a county in Virginia with a population of 5,212. There are 2,214 households in the county with an average household size of 2.35 persons. 18.97% of households in Craig County are renters.

Income and Rent Overburden in Craig County

The median gross income for households in Craig County is $44,330 a year, or $3,694 a month. The median rent for the county is $547 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Craig County, a household making less than $1,823 a month would be considered overburdened when renting an apartment at or above the median rent. 19.29% of households who rent are overburdened in Craig County.

Area Median Income In Craig 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 Craig County, HUD calculates the Area Median Income for a family of four as $76,700

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 Craig 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 Craig 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 Craig County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$16,100 $18,400 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% AMI Income Limits
Renters earning up to 50% of the Craig County AMI may qualify for rental assistance programs that target Very Low Income households.
$26,850 $30,700 $34,550 $38,350 $41,450 $44,500 $47,600 $50,650
80% AMI Income Limits
Renters earning up to 80% of the Craig County AMI may qualify for rental assistance programs that target Low Income households.
$42,950 $49,100 $55,250 $61,350 $66,300 $71,200 $76,100 $81,000

Cities In Craig County

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
New Castle The HUD funded Public Housing Agencies that serve New Castle are the Virginia Housing and Pembroke Management Inc - Craig and Giles.