Affordable Housing In Roanoke
50 Low Income Apartment Communities In Roanoke
Housing Authorities that serve Roanoke
|Roanoke Redevelopment and Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Public Housing Homeownership; Family Self-Sufficiency|
|Roanoke Total Action Against Poverty||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Roanoke, Virginia
There are 50 low income housing apartment communities offering 4,281 affordable apartments for rent in Roanoke, Virginia.
Income Based Apartments in Roanoke, Virginia
Roanoke features 2,509 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 Roanoke, Virginia
There are 1,772 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Roanoke.
Housing Choice Vouchers in Roanoke, Virginia
On average, Section 8 Housing Choice vouchers pay Roanoke landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Roanoke.
The maximum amount a voucher would pay on behalf of a low-income tenant in Roanoke, Virginia for a two-bedroom apartment is between $760 and $928.
2020 Roanoke, 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||$555||$668||$844||$1,146||$1,261|
|Payment Standard Range||$500 to $611||$601 to $735||$760 to $928||$1,031 to $1,261||$1,135 to $1,387|
Sourced from federal housing data and AffordableHousingOnline.com research.
Roanoke, VA Affordable Housing Snapshot
|Total Affordable Apartment Properties||50|
|Total Low Income Apartments||4,281|
|Total Housing Units with Rental Assistance||2,509|
|Percentage of Housing Units Occupied By Renters||46.29%|
|Average Renter Household Size||2.29|
|Average Household Size||2.29|
|Median Household Income||$39,930 ±$1,326|
|Median Rent||$728 ±$19|
|Percentage Of Renters Overburdened||45.56% ± 3.13pp|
Population and Household Demographics
Roanoke is a city in Virginia with a population of 98,736. There are 42,239 households in the city with an average household size of 2.29 persons. 46.29% of households in Roanoke are renters.
Income and Rent Overburden in Roanoke
The median gross income for households in Roanoke is $39,930 a year, or $3,328 a month. The median rent for the city is $728 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Roanoke, a household making less than $2,427 a month would be considered overburdened when renting an apartment at or above the median rent. 45.56% of households who rent are overburdened in Roanoke.
Area Median Income In Roanoke
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 Roanoke, HUD calculates the Area Median Income for a family of four as $76,700
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 Roanoke
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 Roanoke
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$16,100||$18,400||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$26,850||$30,700||$34,550||$38,350||$41,450||$44,500||$47,600||$50,650|
|80% of Median||$42,950||$49,100||$55,250||$61,350||$66,300||$71,200||$76,100||$81,000|