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Affordable Housing In Olympia
Thurston County, Washington

19 Low Income Apartment Communities In Olympia

Evergreen Vista Apartments

1209 Fern St SW
Olympia, Washington
2-3 BR

Providence St Francis House

3415 12th Ave NE
Olympia, Washington
Income Based
1 BR
Elderly Supportive Housing

Boardwalk Apartments

410 Capitol Way N
Olympia, Washington
Call For Rent
1-2 BR

Evergreen Vista II

1225 Fern St SW
Olympia, Washington
Call For Rent
2-3 BR

Casa Madrona

3948 Martin Way E
Olympia, Washington
Call For Rent
1 BR

Deschutes Cove Apartments

7201 Henderson Blvd. SE
Olympia, Washington
Call For Rent
2-3 BR

Drexel House

606 Devoe St SE
Olympia, Washington
Homeless Supportive Housing
Homeless Transitional
Veterans Transitional
Veterans Welcome

Crowne Pointe Apartments

2800 Limited Lane Northwest
Olympia, Washington

Evergreen Village

505 Division St NW
Olympia, Washington

Olympian Apartments

519 Washington St SE
Olympia, Washington

Housing Authorities that serve Olympia

Housing Authority Programs
Housing Authority of Thurston County Section 8 Housing Choice Voucher (HCV); Section 8 Project-Based Voucher (PBV)

Guide To Affordable Housing in Olympia, Washington

There are 19 low income housing apartment communities offering 2,004 affordable apartments for rent in Olympia, Washington.

Income Based Apartments in Olympia, Washington

Olympia features 495 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 Olympia, Washington

There are 1,509 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Olympia.

Housing Choice Vouchers in Olympia, Washington

On average, Section 8 Housing Choice vouchers pay Olympia landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Olympia.

The maximum amount a voucher would pay on behalf of a low-income tenant in Olympia, Washington for a two-bedroom apartment is between $1,054 and $1,288.

2020 Olympia, Washington 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 $954 $960 $1,171 $1,689 $2,056
Payment Standard Range $859 to $1,049 $864 to $1,056 $1,054 to $1,288 $1,520 to $1,858 $1,850 to $2,262

Sourced from federal housing data and research.

Olympia, WA Affordable Housing Snapshot

Total Affordable Apartment Properties 19
Total Low Income Apartments 2,004
Total Housing Units with Rental Assistance 495
Percentage of Housing Units Occupied By Renters 52.18%
Average Renter Household Size 2.05
Average Household Size 2.28
Median Household Income $53,617 ±$3,814
Median Rent $952 ±$28
Percentage Of Renters Overburdened 52.33% ± 4.56pp
Total Population 48,941

Population and Household Demographics

Olympia is a city in Thurston County, Washington with a population of 48,941. There are 20,870 households in the city with an average household size of 2.28 persons. 52.18% of households in Olympia are renters.

Income and Rent Overburden in Olympia

The median gross income for households in Olympia is $53,617 a year, or $4,468 a month. The median rent for the city is $952 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Olympia, a household making less than $3,173 a month would be considered overburdened when renting an apartment at or above the median rent. 52.33% of households who rent are overburdened in Olympia.

Area Median Income In Olympia

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 Olympia, the AMI is calculated from all households within Thurston County.

In Olympia, HUD calculates the Area Median Income for a family of four as $86,700

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 Olympia

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 Olympia

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,200 $20,800 $23,400 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $30,350 $34,700 $39,050 $43,350 $46,850 $50,300 $53,800 $57,250
80% of Median $48,550 $55,500 $62,450 $69,350 $74,900 $80,450 $86,000 $91,550