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Affordable Housing In Grayson County
Virginia

2 Low Income Apartment Communities In Grayson County

Grayson Manor

224 Nichols Dr
Independence, Virginia
Call For Rent
1 BR
62+

Penn Court Apartments

119 Bedwell St
Independence, Virginia
Subsidized
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Housing Authorities that serve Grayson County

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

Guide To Affordable Housing in Grayson County, Virginia

There are 2 low income housing apartment communities offering 80 affordable apartments for rent in Grayson County, Virginia.

Income Based Apartments in Grayson County, Virginia

Grayson County features 48 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 Grayson County, Virginia

There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grayson County.

Housing Choice Vouchers in Grayson County, Virginia

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Grayson County, Virginia for a two-bedroom apartment is between $631 and $771.

2021 Grayson 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
Grayson County, Virginia Fair Market Rent $472 $615 $701 $954 $957
Grayson County, Virginia Payment Standard Range $425 to $519 $554 to $677 $631 to $771 $859 to $1,049 $861 to $1,053

Sourced from federal housing data and AffordableHousingOnline.com research.

Grayson County, VA Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 80
Total Housing Units with Rental Assistance 48
Percentage of Housing Units Occupied By Renters 25.55%
Average Renter Household Size 2.27
Average Household Size 2.24
Median Household Income $29,942 ±$1,952
Median Rent $552 ±$61
Percentage Of Renters Overburdened 36.29% ± 8.82pp
Total Population 15,573

Population and Household Demographics

Grayson County is a county in Virginia with a population of 15,573. There are 6,795 households in the county with an average household size of 2.24 persons. 25.55% of households in Grayson County are renters.

Income and Rent Overburden in Grayson County

The median gross income for households in Grayson County is $29,942 a year, or $2,495 a month. The median rent for the county is $552 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Grayson County, a household making less than $1,840 a month would be considered overburdened when renting an apartment at or above the median rent. 36.29% of households who rent are overburdened in Grayson County.

Area Median Income In Grayson 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 Grayson County, HUD calculates the Area Median Income for a family of four as $47,900

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 Grayson 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 Grayson 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 Grayson County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,760 $17,240 $21,720 $26,200 $30,680 $35,050 $37,450 $39,900
50% AMI Income Limits
Renters earning up to 50% of the Grayson County AMI may qualify for rental assistance programs that target Very Low Income households.
$21,150 $24,200 $27,200 $30,200 $32,650 $35,050 $37,450 $39,900
80% AMI Income Limits
Renters earning up to 80% of the Grayson County AMI may qualify for rental assistance programs that target Low Income households.
$33,850 $38,650 $43,500 $48,300 $52,200 $56,050 $59,900 $63,800

Cities In Grayson County

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

City Served By
Fries The HUD funded Public Housing Agencies that serve Fries are the Rooftop of Virginia Community Action Program and Virginia Housing.
Independence The HUD funded Public Housing Agencies that serve Independence are the Rooftop of Virginia Community Action Program and Virginia Housing.
Troutdale The HUD funded Public Housing Agencies that serve Troutdale are the Rooftop of Virginia Community Action Program and Virginia Housing.