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Affordable Housing In Marion
Albemarle County, Virginia

3 Low Income Apartment Communities In Marion

Marion Manor

1001 Marion Manor Drive
Marion, Virginia
$500
2 BR
Accepts Vouchers

Southview Apartments

252 View Dr
Marion, Virginia
Subsidized
Accepts Vouchers

Marion Public Housing

140 Millerwood Cir
Marion, Virginia
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Housing Authorities that serve Marion

Housing Authority Programs
Virginia Housing Development Authority Section 8 Housing Choice Voucher (HCV)
Albemarle County Office of Housing Section 8 Housing Choice Voucher (HCV); Section 8 Project-Based Rental Assistance (PBRA)

Guide To Affordable Housing in Marion, Virginia

There are 3 low income housing apartment communities offering 422 affordable apartments for rent in Marion, Virginia.

Income Based Apartments in Marion, Virginia

Marion features 331 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 Marion, Virginia

There are 91 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marion.

Housing Choice Vouchers in Marion, Virginia

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Marion, Virginia for a two-bedroom apartment is between $1,136 and $1,388.

2020 Marion, 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
Fair Market Rent $854 $1,082 $1,262 $1,573 $1,942
Payment Standard Range $769 to $939 $974 to $1,190 $1,136 to $1,388 $1,416 to $1,730 $1,748 to $2,136

Sourced from federal housing data and AffordableHousingOnline.com research.

Marion, VA Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 422
Total Housing Units with Rental Assistance 331
Percentage of Housing Units Occupied By Renters 48.29%
Average Renter Household Size 2.12
Average Household Size 2.15
Median Household Income $31,210 ±$4,309
Median Rent $550 ±$94
Percentage Of Renters Overburdened 42.52% ± 11.93pp
Total Population 5,919

Population and Household Demographics

Marion is a city in Albemarle County, Virginia with a population of 5,919. There are 2,518 households in the city with an average household size of 2.15 persons. 48.29% of households in Marion are renters.

Income and Rent Overburden in Marion

The median gross income for households in Marion is $31,210 a year, or $2,601 a month. The median rent for the city is $550 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Marion, a household making less than $1,833 a month would be considered overburdened when renting an apartment at or above the median rent. 42.52% of households who rent are overburdened in Marion.

Area Median Income In Marion

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 Marion, the AMI is calculated from all households within Albemarle County.

In Marion, HUD calculates the Area Median Income for a family of four as $93,900

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 Marion

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 Marion

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $19,750 $22,550 $25,350 $28,150 $30,680 $35,160 $39,640 $44,120
50% of Median $32,900 $37,600 $42,300 $46,950 $50,750 $54,500 $58,250 $62,000
80% of Median $52,600 $60,100 $67,600 $75,100 $81,150 $87,150 $93,150 $99,150