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Affordable Housing In Martinsville
Virginia

11 Low Income Apartment Communities In Martinsville

Ridge View

1130 Ridge Rd
Martinsville, Virginia
Call For Rent
2-3 BR

Maplewood Apartments

1446 W Fayette St
Martinsville, Virginia
Call For Rent
1-3 BR

Spruce Village Apartments

1201 Spruce St
Martinsville, Virginia
Subsidized

Rivermont Apartments

1446 Fayette St
Martinsville, Virginia
Subsidized

Pebble Creek Group Home

1525 E Church Street Ext
Martinsville, Virginia
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Barrows Mill I

1026 Barrows Mill Rd
Martinsville, Virginia
Subsidized
62+
Accessible
Elderly Supportive Housing

Martins Landing II

1151 E Church St
Martinsville, Virginia
Subsidized

Martinsville Lofts

900 Rives Rd
Martinsville, Virginia

Glen Ridge Apartments

60 Theatre St
Martinsville, Virginia

Glen Ridge ( Aka Theater Drive )

675 The Great Rd
Martinsville, Virginia

Housing Authorities that serve Martinsville

Housing Authority Programs
Danville Redevelopment and Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Mainstream Voucher

Guide To Affordable Housing in Martinsville, Virginia

There are 11 low income housing apartment communities offering 624 affordable apartments for rent in Martinsville, Virginia.

Income Based Apartments in Martinsville, Virginia

Martinsville features 387 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 Martinsville, Virginia

There are 237 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Martinsville.

Housing Choice Vouchers in Martinsville, Virginia

On average, Section 8 Housing Choice vouchers pay Martinsville landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Martinsville.

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

2021 Martinsville, 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
Martinsville, Virginia Fair Market Rent $528 $532 $701 $915 $1,000
Martinsville, Virginia Payment Standard Range $475 to $581 $479 to $585 $631 to $771 $824 to $1,007 $900 to $1,100

Sourced from federal housing data and AffordableHousingOnline.com research.

Martinsville, VA Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 624
Total Housing Units with Rental Assistance 387
Percentage of Housing Units Occupied By Renters 47.14%
Average Renter Household Size 2.17
Average Household Size 2.26
Median Household Income $29,587 ±$3,621
Median Rent $589 ±$31
Percentage Of Renters Overburdened 47.27% ± 7.25pp
Total Population 13,624

Population and Household Demographics

Martinsville is a city in Virginia with a population of 13,624. There are 5,857 households in the city with an average household size of 2.26 persons. 47.14% of households in Martinsville are renters.

Income and Rent Overburden in Martinsville

The median gross income for households in Martinsville is $29,587 a year, or $2,466 a month. The median rent for the city is $589 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Martinsville, a household making less than $1,963 a month would be considered overburdened when renting an apartment at or above the median rent. 47.27% of households who rent are overburdened in Martinsville.

Area Median Income In Martinsville

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 Martinsville, HUD calculates the Area Median Income for a family of four as $46,100

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 Martinsville

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 Martinsville

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 Martinsville 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 Martinsville 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 Martinsville 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