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Affordable Housing In Stuart
Albemarle County, Virginia

3 Low Income Apartment Communities In Stuart

Cedar Square

210 Patrick Ave
Stuart, Virginia
Call For Rent
1-2 BR
Subsidized

Cotton Mill Apartments

438 Dobyns Rd
Stuart, Virginia
Subsidized

Cotton Mill

100 Dobyns Rd
Stuart, Virginia
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Housing Authorities that serve Stuart

Housing Authority Programs
Virginia Housing Section 8 Housing Choice Voucher (HCV)
Albemarle County Office of Housing Section 8 Housing Choice Voucher (HCV); Section 8 Project-Based Rental Assistance (PBRA)

Guide To Affordable Housing in Stuart, Virginia

There are 3 low income housing apartment communities offering 128 affordable apartments for rent in Stuart, Virginia.

Income Based Apartments in Stuart, Virginia

Stuart features 88 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 Stuart, Virginia

There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stuart.

Housing Choice Vouchers in Stuart, Virginia

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

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

2021 Stuart, 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
Stuart, Virginia Fair Market Rent $949 $1,077 $1,266 $1,575 $1,965
Stuart, 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.

Stuart, VA Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 128
Total Housing Units with Rental Assistance 88
Percentage of Housing Units Occupied By Renters 47.29%
Average Renter Household Size 2.11
Average Household Size 2.15
Median Household Income $26,750 ±$2,953
Median Rent $519 ±$45
Percentage Of Renters Overburdened 45.57% ± 13.05pp
Total Population 1,613

Population and Household Demographics

Stuart is a city in Albemarle County, Virginia with a population of 1,613. There are 645 households in the city with an average household size of 2.15 persons. 47.29% of households in Stuart are renters.

Income and Rent Overburden in Stuart

The median gross income for households in Stuart is $26,750 a year, or $2,229 a month. The median rent for the city is $519 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Stuart, a household making less than $1,730 a month would be considered overburdened when renting an apartment at or above the median rent. 45.57% of households who rent are overburdened in Stuart.

Area Median Income In Stuart

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 Stuart, the AMI is calculated from all households within Albemarle County.

In Stuart, 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 Stuart

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 Stuart

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 Stuart 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 Stuart 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 Stuart 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