Affordable Housing In Norfolk
69 Low Income Apartment Communities In Norfolk
Housing Authorities that serve Norfolk
|Norfolk Redevelopment and Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Rental Assistance Demonstration (RAD)|
Guide To Affordable Housing in Norfolk, Virginia
There are 69 low income housing apartment communities offering 8,572 affordable apartments for rent in Norfolk, Virginia.
Income Based Apartments in Norfolk, Virginia
Norfolk features 5,485 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 Norfolk, Virginia
There are 3,087 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Norfolk.
Housing Choice Vouchers in Norfolk, Virginia
On average, Section 8 Housing Choice vouchers pay Norfolk landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Norfolk.
The maximum amount a voucher would pay on behalf of a low-income tenant in Norfolk, Virginia for a two-bedroom apartment is between $1,022 and $1,250.
2020 Norfolk, 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||$952||$958||$1,136||$1,603||$1,994|
|Payment Standard Range||$857 to $1,047||$862 to $1,054||$1,022 to $1,250||$1,443 to $1,763||$1,795 to $2,193|
Sourced from federal housing data and AffordableHousingOnline.com research.
Norfolk, VA Affordable Housing Snapshot
|Total Affordable Apartment Properties||69|
|Total Low Income Apartments||8,572|
|Total Housing Units with Rental Assistance||5,485|
|Percentage of Housing Units Occupied By Renters||56.51%|
|Average Renter Household Size||2.47|
|Average Household Size||2.53|
|Median Household Income||$44,480 ±$1,077|
|Median Rent||$970 ±$13|
|Percentage Of Renters Overburdened||54.06% ± 1.62pp|
Population and Household Demographics
Norfolk is a City in Virginia with a population of 245,452. There are 87,045 households in the city with an average household size of 2.53 persons. 56.51% of households in Norfolk are renters.
Income and Rent Overburden in Norfolk
The median gross income for households in Norfolk is $44,480 a year, or $3,707 a month. The median rent for the city is $970 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Norfolk, a household making less than $3,233 a month would be considered overburdened when renting an apartment at or above the median rent. 54.06% of households who rent are overburdened in Norfolk.1
Area Median Income In Norfolk
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 Norfolk, HUD calculates the Area Median Income for a family of four as $79,300
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 Norfolk
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 Norfolk
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$16,700||$19,050||$21,450||$25,750||$30,170||$34,590||$39,010||$43,430|
|50% of Median||$27,800||$31,750||$35,700||$39,650||$42,850||$46,000||$49,200||$52,350|
|80% of Median||$44,450||$50,800||$57,150||$63,450||$68,550||$73,650||$78,700||$83,800|