Affordable Housing In Wythe County
14 Low Income Apartment Communities In Wythe County
Guide To Affordable Housing in Wythe County, Virginia
There are 14 low income housing apartment communities offering 718 affordable apartments for rent in Wythe County, Virginia.
Income Based Apartments in Wythe County, Virginia
Wythe County features 550 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 Wythe County, Virginia
There are 168 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wythe County.
Housing Choice Vouchers in Wythe County, Virginia
On average, Section 8 Housing Choice vouchers pay Wythe County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Wythe County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Wythe County, Virginia for a two-bedroom apartment is between $641 and $783.
2022 Wythe 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|
|Wythe County, Virginia Fair Market Rent||$486||$547||$712||$880||$1,219|
|Wythe County, Virginia Payment Standard Range||$437 to $535||$492 to $602||$641 to $783||$792 to $968||$1,097 to $1,341|
Sourced from federal housing data and AffordableHousingOnline.com research.
Wythe County, VA Affordable Housing Snapshot
|Total Affordable Apartment Properties||14|
|Total Low Income Apartments||718|
|Total Housing Units with Rental Assistance||550|
|Percentage of Housing Units Occupied By Renters||30.29%|
|Average Renter Household Size||2.45|
|Average Household Size||2.44|
|Median Household Income||$41,360 ±$2,679|
|Median Rent||$611 ±$26|
|Percentage Of Renters Overburdened||34.01% ± 6.46pp|
Population and Household Demographics
Wythe County is a county in Virginia with a population of 29,190. There are 11,863 households in the county with an average household size of 2.44 persons. 30.29% of households in Wythe County are renters.
Income and Rent Overburden in Wythe County
The median gross income for households in Wythe County is $41,360 a year, or $3,447 a month. The median rent for the county is $611 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wythe County, a household making less than $2,037 a month would be considered overburdened when renting an apartment at or above the median rent. 34.01% of households who rent are overburdened in Wythe County.
Area Median Income In Wythe 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 Wythe County, HUD calculates the Area Median Income for a family of four as $60,800
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 Wythe 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 Wythe 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 Wythe 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 Wythe 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 Wythe County AMI may qualify for rental assistance programs that target Low Income households.