Affordable Housing In Patrick County
Housing Authorities that serve Patrick County
|Virginia Housing||Section 8 Housing Choice Voucher (HCV)|
|Step Inc||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Patrick County, Virginia
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Patrick County, Virginia.
Income Based Apartments in Patrick County, Virginia
Patrick County features 0 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 Patrick County, Virginia
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Patrick County.
Housing Choice Vouchers in Patrick County, Virginia
On average, Section 8 Housing Choice vouchers pay Patrick County landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Patrick County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Patrick County, Virginia for a two-bedroom apartment is between $631 and $771.
2021 Patrick 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|
|Patrick County, Virginia Fair Market Rent||$472||$615||$701||$923||$1,097|
|Patrick County, Virginia Payment Standard Range||$425 to $519||$554 to $677||$631 to $771||$831 to $1,015||$987 to $1,207|
Sourced from federal housing data and AffordableHousingOnline.com research.
Patrick County, VA Affordable Housing Snapshot
|Total Affordable Apartment Properties||0|
|Total Low Income Apartments||0|
|Total Housing Units with Rental Assistance||0|
|Percentage of Housing Units Occupied By Renters||23.31%|
|Average Renter Household Size||2.34|
|Average Household Size||2.31|
|Median Household Income||$33,982 ±$4,111|
|Median Rent||$532 ±$39|
|Percentage Of Renters Overburdened||41.96% ± 8.44pp|
Population and Household Demographics
Patrick County is a county in Virginia with a population of 18,264. There are 7,790 households in the county with an average household size of 2.31 persons. 23.31% of households in Patrick County are renters.
Income and Rent Overburden in Patrick County
The median gross income for households in Patrick County is $33,982 a year, or $2,832 a month. The median rent for the county is $532 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Patrick County, a household making less than $1,773 a month would be considered overburdened when renting an apartment at or above the median rent. 41.96% of households who rent are overburdened in Patrick County.
Area Median Income In Patrick 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 Patrick County, HUD calculates the Area Median Income for a family of four as $58,300
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 Patrick 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 Patrick 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 Patrick County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Patrick County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Patrick County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Patrick County
Select A City to View its Apartment Communities and Waiting Lists.
|Patrick Springs||The HUD funded Public Housing Agencies that serve Patrick Springs are the Virginia Housing and Step Inc.|
|Stuart||The HUD funded Public Housing Agencies that serve Stuart are the Virginia Housing and Step Inc.|