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Affordable Housing In Shipman
Nelson County, Virginia

1 Low Income Apartment Communities In Shipman

Ryan School Apartments

105 Ryan Cir
Shipman, Virginia
Subsidized
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Housing Authorities that serve Shipman

Housing Authority Programs
Nelson County Community Development Foundation Section 8 Housing Choice Voucher (HCV)
Virginia Housing Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Shipman, Virginia

There are 1 low income housing apartment communities offering 32 affordable apartments for rent in Shipman, Virginia.

Income Based Apartments in Shipman, Virginia

Shipman features 32 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 Shipman, Virginia

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Shipman.

Housing Choice Vouchers in Shipman, Virginia

On average, Section 8 Housing Choice vouchers pay Shipman landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Shipman.

The maximum amount a voucher would pay on behalf of a low-income tenant in Shipman, Virginia for a two-bedroom apartment is between $1,139 and $1,393.

2021 Shipman, 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
Shipman, Virginia Fair Market Rent $949 $1,077 $1,266 $1,575 $1,965
Shipman, Virginia Payment Standard Range $854 to $1,044 $969 to $1,185 $1,139 to $1,393 $1,418 to $1,733 $1,769 to $2,162

Sourced from federal housing data and AffordableHousingOnline.com research.

Shipman, VA Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 32
Total Housing Units with Rental Assistance 32
Percentage of Housing Units Occupied By Renters 52.91%
Average Renter Household Size 1.81
Average Household Size 2.00
Median Household Income $35,556 ±$34,936
Median Rent $0 ±$0
Percentage Of Renters Overburdened 13.76% ± 28.73pp
Total Population 412

Population and Household Demographics

Shipman is a city in Nelson County, Virginia with a population of 412. There are 206 households in the city with an average household size of 2.00 persons. 52.91% of households in Shipman are renters.

Income and Rent Overburden in Shipman

The median gross income for households in Shipman is $35,556 a year, or $2,963 a month. The median rent for the city is $0 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Shipman, a household making less than $0 a month would be considered overburdened when renting an apartment at or above the median rent. 13.76% of households who rent are overburdened in Shipman.

Area Median Income In Shipman

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 Shipman, the AMI is calculated from all households within Nelson County.

In Shipman, HUD calculates the Area Median Income for a family of four as $93,700

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 Shipman

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 Shipman

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 Shipman AMI may qualify for rental assistance programs that target Extremely Low Income households.
$19,700 $22,500 $25,300 $28,100 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Shipman AMI may qualify for rental assistance programs that target Very Low Income households.
$32,800 $37,500 $42,200 $46,850 $50,600 $54,350 $58,100 $61,850
80% AMI Income Limits
Renters earning up to 80% of the Shipman AMI may qualify for rental assistance programs that target Low Income households.
$52,500 $60,000 $67,500 $74,950 $80,950 $86,950 $92,950 $98,950