Affordable Housing In Wise County
13 Low Income Apartment Communities In Wise County
Housing Authorities that serve Wise County
|Wise County Redevelopment and Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
|Virginia Housing||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Wise County, Virginia
There are 13 low income housing apartment communities offering 799 affordable apartments for rent in Wise County, Virginia.
Income Based Apartments in Wise County, Virginia
Wise County features 676 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 Wise County, Virginia
There are 123 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wise County.
Housing Choice Vouchers in Wise County, Virginia
On average, Section 8 Housing Choice vouchers pay Wise County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Wise County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Wise County, Virginia for a two-bedroom apartment is between $631 and $771.
2021 Wise 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|
|Wise County, Virginia Fair Market Rent||$472||$532||$701||$912||$951|
|Wise County, Virginia Payment Standard Range||$425 to $519||$479 to $585||$631 to $771||$821 to $1,003||$856 to $1,046|
Sourced from federal housing data and AffordableHousingOnline.com research.
Wise County, VA Affordable Housing Snapshot
|Total Affordable Apartment Properties||13|
|Total Low Income Apartments||799|
|Total Housing Units with Rental Assistance||676|
|Percentage of Housing Units Occupied By Renters||30.33%|
|Average Renter Household Size||2.39|
|Average Household Size||2.46|
|Median Household Income||$37,407 ±$3,099|
|Median Rent||$600 ±$27|
|Percentage Of Renters Overburdened||40.09% ± 5.11pp|
Population and Household Demographics
Wise County is a county in Virginia with a population of 40,530. There are 15,254 households in the county with an average household size of 2.46 persons. 30.33% of households in Wise County are renters.
Income and Rent Overburden in Wise County
The median gross income for households in Wise County is $37,407 a year, or $3,117 a month. The median rent for the county is $600 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wise County, a household making less than $2,000 a month would be considered overburdened when renting an apartment at or above the median rent. 40.09% of households who rent are overburdened in Wise County.
Area Median Income In Wise 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 Wise County, HUD calculates the Area Median Income for a family of four as $49,000
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 Wise 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 Wise 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 Wise 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 Wise 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 Wise County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Wise County
Select A City to View its Apartment Communities and Waiting Lists.
|Appalachia||The HUD funded Public Housing Agencies that serve Appalachia are the Virginia Housing and Wise County Redevelopment and Housing Authority.|
|Big Stone Gap||The HUD funded Public Housing Agencies that serve Big Stone Gap are the Virginia Housing and Wise County Redevelopment and Housing Authority.|
|Coeburn||The HUD funded Public Housing Agencies that serve Coeburn are the Virginia Housing and Wise County Redevelopment and Housing Authority.|
|Pound||The HUD funded Public Housing Agencies that serve Pound are the Wise County Redevelopment and Housing Authority and Virginia Housing.|
|Riverview||The HUD funded Public Housing Agencies that serve Riverview are the Virginia Housing and Wise County Redevelopment and Housing Authority.|
|Wise||The HUD funded Public Housing Agencies that serve Wise are the Virginia Housing and Wise County Redevelopment and Housing Authority.|