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Affordable Housing In Elliston
Montgomery County, Virginia

Housing Authorities that serve Elliston

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

Guide To Affordable Housing in Elliston, Virginia

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Elliston, Virginia.

Income Based Apartments in Elliston, Virginia

Elliston features 0 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 Elliston, Virginia

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

Housing Choice Vouchers in Elliston, Virginia

On average, Section 8 Housing Choice vouchers pay Elliston landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Elliston.

The maximum amount a voucher would pay on behalf of a low-income tenant in Elliston, Virginia for a two-bedroom apartment is between $880 and $1,076.

2021 Elliston, 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
Elliston, Virginia Fair Market Rent $795 $858 $978 $1,400 $1,693
Elliston, Virginia Payment Standard Range $716 to $875 $772 to $944 $880 to $1,076 $1,260 to $1,540 $1,524 to $1,862

Sourced from federal housing data and research.

Elliston, VA Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 13.31%
Average Renter Household Size 1.59
Average Household Size 3.93
Median Household Income $39,559 ±$31,239
Median Rent $0 ±$0
Percentage Of Renters Overburdened 75.61% ± 65.47pp
Total Population 1,210

Population and Household Demographics

Elliston is a city in Montgomery County, Virginia with a population of 1,210. There are 308 households in the city with an average household size of 3.93 persons. 13.31% of households in Elliston are renters.

Income and Rent Overburden in Elliston

The median gross income for households in Elliston is $39,559 a year, or $3,297 a month. The median rent for the city is $0 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Elliston, a household making less than $0 a month would be considered overburdened when renting an apartment at or above the median rent. 75.61% of households who rent are overburdened in Elliston.

Area Median Income In Elliston

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 Elliston, the AMI is calculated from all households within Montgomery County.

In Elliston, HUD calculates the Area Median Income for a family of four as $79,700

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 Elliston

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 Elliston

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 Elliston AMI may qualify for rental assistance programs that target Extremely Low Income households.
$16,750 $19,150 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Elliston AMI may qualify for rental assistance programs that target Very Low Income households.
$27,900 $31,900 $35,900 $39,850 $43,050 $46,250 $49,450 $52,650
80% AMI Income Limits
Renters earning up to 80% of the Elliston AMI may qualify for rental assistance programs that target Low Income households.
$44,650 $51,000 $57,400 $63,750 $68,850 $73,950 $79,050 $84,150