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Affordable Housing In Franklin County
Virginia

8 Low Income Apartment Communities In Franklin County

Scuffling Hill Road Group Home

850 Scuffling Hill Rd
Rocky Mount, Virginia
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Maynor Street Group Home

185 Maynor St
Rocky Mount, Virginia
Subsidized
Accessible
Accessible
Disabled Supportive Housing

West Church Street

W Anywhere Rd
Rocky Mount, Virginia
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Lillies Leasure

Diamond Ave
Rocky Mount, Virginia
Subsidized
62+
Accessible
Elderly Supportive Housing

Candlewood Apartments

340 E Court St
Rocky Mount, Virginia

Mountain View Apartments

737 Windy Ln
Rocky Mount, Virginia
Subsidized

Mountain View Apartments

195 Windy Ln
Rocky Mount, Virginia

Tanyard Village Apartments

490 Tanyard Rd
Rocky Mount, Virginia
Subsidized
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Housing Authorities that serve Franklin County

Housing Authority Programs
Step Inc Section 8 Housing Choice Voucher (HCV)
Virginia Housing Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Franklin County, Virginia

There are 8 low income housing apartment communities offering 308 affordable apartments for rent in Franklin County, Virginia.

Income Based Apartments in Franklin County, Virginia

Franklin County features 188 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 Franklin County, Virginia

There are 120 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Franklin County.

Housing Choice Vouchers in Franklin County, Virginia

On average, Section 8 Housing Choice vouchers pay Franklin County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Franklin County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Franklin County, Virginia for a two-bedroom apartment is between $734 and $897.

2021 Franklin 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
Franklin County, Virginia Fair Market Rent $575 $618 $815 $1,014 $1,127
Franklin County, Virginia Payment Standard Range $518 to $633 $556 to $680 $734 to $897 $913 to $1,115 $1,014 to $1,240

Sourced from federal housing data and AffordableHousingOnline.com research.

Franklin County, VA Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 308
Total Housing Units with Rental Assistance 188
Percentage of Housing Units Occupied By Renters 22.59%
Average Renter Household Size 2.32
Average Household Size 2.36
Median Household Income $46,870 ±$2,784
Median Rent $659 ±$37
Percentage Of Renters Overburdened 39.38% ± 6.69pp
Total Population 56,315

Population and Household Demographics

Franklin County is a county in Virginia with a population of 56,315. There are 23,189 households in the county with an average household size of 2.36 persons. 22.59% of households in Franklin County are renters.

Income and Rent Overburden in Franklin County

The median gross income for households in Franklin County is $46,870 a year, or $3,906 a month. The median rent for the county is $659 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Franklin County, a household making less than $2,197 a month would be considered overburdened when renting an apartment at or above the median rent. 39.38% of households who rent are overburdened in Franklin County.

Area Median Income In Franklin 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 Franklin County, HUD calculates the Area Median Income for a family of four as $67,000

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 Franklin 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 Franklin 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 Franklin County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,100 $17,420 $21,960 $26,500 $31,040 $35,580 $40,120 $44,250
50% AMI Income Limits
Renters earning up to 50% of the Franklin County AMI may qualify for rental assistance programs that target Very Low Income households.
$23,450 $26,800 $30,150 $33,500 $36,200 $38,900 $41,550 $44,250
80% AMI Income Limits
Renters earning up to 80% of the Franklin County AMI may qualify for rental assistance programs that target Low Income households.
$37,550 $42,900 $48,250 $53,600 $57,900 $62,200 $66,500 $70,800

Cities In Franklin County

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

City Served By
Boones Mill The HUD funded Public Housing Agencies that serve Boones Mill are the Step Inc and Virginia Housing.
Ferrum The HUD funded Public Housing Agencies that serve Ferrum are the Step Inc and Virginia Housing.
Henry Fork The HUD funded Public Housing Agencies that serve Henry Fork are the Step Inc and Virginia Housing.
North Shore The HUD funded Public Housing Agencies that serve North Shore are the Step Inc and Virginia Housing.
Penhook The HUD funded Public Housing Agencies that serve Penhook are the Step Inc and Virginia Housing.
Rocky Mount The HUD funded Public Housing Agencies that serve Rocky Mount are the Step Inc and Virginia Housing.
Union Hall The HUD funded Public Housing Agencies that serve Union Hall are the Step Inc and Virginia Housing.
Westlake Corner The HUD funded Public Housing Agencies that serve Westlake Corner are the Step Inc and Virginia Housing.