Affordable Housing In Galax

6 Low Income Apartment Communities In Galax


150 Larkspur Ln
Galax, Virginia
Call For Rent
1-2 BR
Disabled Supportive Housing

Northway Apartments

128 Wilson Ave
Galax, Virginia
Call For Rent
1-3 BR

Glendale Apartments

102 Sutherland Rd
Galax, Virginia
Income Based
2-3 BR

Harmony Village

1149 Glendale Rd
Galax, Virginia

Meltons Run

13 Meltons Run Lane
Galax, Virginia
Call For Rent
2-3 BR

Harmony House

1149 Glendale Rd
Galax, Virginia
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Section 8 Vouchers, Apartments, and Waiting Lists in Galax, Virginia

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Galax, Virginia

Housing Authority Programs
Rooftop of Virginia Community Action Program Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Galax, Virginia

There are 6 low income housing apartment communities offering 316 affordable apartments for rent in Galax, Virginia.

Income Based Apartments in Galax, Virginia

Galax features 228 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 Galax, Virginia

There are 88 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Galax.

Housing Choice Vouchers in Galax, Virginia

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Galax, Virginia for a two-bedroom apartment is between $632 and $772.

2022 Galax, 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
Galax, Virginia Fair Market Rent $479 $597 $702 $997 $1,038
Galax, Virginia Payment Standard Range $431 to $527 $537 to $657 $632 to $772 $897 to $1,097 $934 to $1,142

Sourced from federal housing data and research.

Galax, VA Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 316
Total Housing Units with Rental Assistance 228
Percentage of Housing Units Occupied By Renters 40.39%
Average Renter Household Size 2.05
Average Household Size 2.19
Median Household Income $30,604 ±$2,670
Median Rent $529 ±$36
Percentage Of Renters Overburdened 29.26% ± 9.25pp
Total Population 6,876

Population and Household Demographics

Galax is a city in Virginia with a population of 6,876. There are 2,961 households in the city with an average household size of 2.19 persons. 40.39% of households in Galax are renters.

Income and Rent Overburden in Galax

The median gross income for households in Galax is $30,604 a year, or $2,550 a month. The median rent for the city is $529 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Galax, a household making less than $1,763 a month would be considered overburdened when renting an apartment at or above the median rent. 29.26% of households who rent are overburdened in Galax.

Area Median Income In Galax

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 Galax, HUD calculates the Area Median Income for a family of four as $54,600

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 Galax

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 Galax

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 Galax AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $31,040 $34,650 $37,050 $39,450
50% AMI Income Limits
Renters earning up to 50% of the Galax AMI may qualify for rental assistance programs that target Very Low Income households.
$20,900 $23,900 $26,900 $29,850 $32,250 $34,650 $37,050 $39,450
80% AMI Income Limits
Renters earning up to 80% of the Galax AMI may qualify for rental assistance programs that target Low Income households.
$33,450 $38,200 $43,000 $47,750 $51,600 $55,400 $59,250 $63,050