Affordable Housing In Poulsbo
Kitsap County, Washington

11 Low Income Apartment Communities In Poulsbo

Hostmark Village Cove Apartments

703 NE Hostmark Street
Poulsbo, WA
Call For Rent
1-2 BR
Subsidized

Peninsula Glen Apartments

2068 Ne Hostmark St
Poulsbo, WA

Peninsula Glen Apartments

2068 NE Hostmark St
Poulsbo, WA
Subsidized

Winton Woods

20043 Winton Ln NW
Poulsbo, WA
Subsidized

Windsong

19889 3rd Ave NW
Poulsbo, WA
Subsidized

Kitsap Co Consolidataed Ha 00 - 40498 - 257

19495 1st Ave NE
Poulsbo, WA
HCV Welcome

Fjord Vista II

19475 1st Ave NE
Poulsbo, WA

Windsong Apartments

19880 3rd Ave NW
Poulsbo, WA
HCV Welcome

Winton Woods Phase II

20075 Winton Ln NW
Poulsbo, WA
HCV Welcome

Kccha - Fjord Vista II

2001 First Ave NE
Poulsbo, WA
HCV Welcome

Housing Authorities that serve Poulsbo

Housing Authority Programs
Housing Kitsap Section 8 Housing Choice Voucher (HCV); Public Housing
Bremerton Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Poulsbo, Washington

According to federal housing data and AffordableHousingOnline.com research, there are 11 low income housing apartment communities offering 363 affordable apartments for rent in Poulsbo, Washington. Poulsbo features 224 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 139 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Poulsbo.

Poulsbo, WA Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 363
Total Housing Units with Rental Assistance 224
Percentage of Housing Units Occupied By Renters 34.68%
Average Renter Household Size 2.17
Average Household Size 2.56
Median Household Income $56,226 ±$9,165
Median Rent $908 ±$101
Percentage Of Renters Overburdened 42.98% ± 7.96pp
Total Population 9,588

Population and Household Demographics

Poulsbo is a City in Kitsap County, Washington with a population of 9,588. There are 3,656 households in the city with an average household size of 2.56 persons. 34.68% of households in Poulsbo are renters.

Income and Rent Overburden in Poulsbo

The median gross income for households in Poulsbo is $56,226 a year, or $4,686 a month. The median rent for the city is $908 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Poulsbo, a household making less than $3,027 a month would be considered overburdened when renting an apartment at or above the median rent. 42.98% of households who rent are overburdened in Poulsbo.1

Area Median Income In Poulsbo

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 Poulsbo, the AMI is calculated from all households within Kitsap County.

In Poulsbo, HUD calculates the Area Median Income for a family of four as $85,500

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 Poulsbo

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 Poulsbo HUD Rental Assistance in Poulsbo

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,000 $20,550 $23,100 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $29,950 $34,200 $38,500 $42,750 $46,200 $49,600 $53,050 $56,450
80% of Median $47,900 $54,750 $61,600 $68,400 $73,900 $79,350 $84,850 $90,300
Low Income Housing Tax Credits in Poulsbo

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1987 to 2004, 3 low income apartment communities containing 97 rental apartments have been constructed and made affordable to low income persons in Poulsbo by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Poulsbo

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $29,950 $34,200 $38,500 $42,750 $46,200 $49,600 $53,050 $56,450
60% of Median $35,940 $41,040 $46,200 $51,300 $55,440 $59,520 $63,660 $67,740

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Poulsbo is $46,200 a year, or $3,850 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,850 by 30% to get a maximum rent of $1,155 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $749 $802 $963 $1,112 $1,240 $1,369
60% $899 $962 $1,155 $1,334 $1,488 $1,643
Fair Market Rents in Poulsbo

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$844 $1,003 $1,296 $1,833 $2,088