Affordable Housing In Hampshire County
8 Low Income Apartment Communities In Hampshire County
Guide To Affordable Housing in Hampshire County, West Virginia
There are 8 low income housing apartment communities offering 310 affordable apartments for rent in Hampshire County, West Virginia.
Income Based Apartments in Hampshire County, West Virginia
Hampshire County features 160 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 Hampshire County, West Virginia
There are 150 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hampshire County.
Housing Choice Vouchers in Hampshire County, West Virginia
On average, Section 8 Housing Choice vouchers pay Hampshire County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Hampshire County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hampshire County, West Virginia for a two-bedroom apartment is between $1,005 and $1,229.
2022 Hampshire County, West 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|
|Hampshire County, West Virginia Fair Market Rent||$868||$868||$1,117||$1,444||$1,886|
|Hampshire County, West Virginia Payment Standard Range||$781 to $955||$781 to $955||$1,005 to $1,229||$1,300 to $1,588||$1,697 to $2,075|
Sourced from federal housing data and AffordableHousingOnline.com research.
Hampshire County, WV Affordable Housing Snapshot
|Total Affordable Apartment Properties||8|
|Total Low Income Apartments||310|
|Total Housing Units with Rental Assistance||160|
|Percentage of Housing Units Occupied By Renters||45.63%|
|Average Renter Household Size||1.55|
|Average Household Size||2.25|
|Median Household Income||$27,995 ±$3,352|
|Median Rent||$531 ±$19|
|Percentage Of Renters Overburdened||28.8% ± 5.15pp|
Population and Household Demographics
Hampshire County is a county in West Virginia with a population of 23,542. There are 10,194 households in the county with an average household size of 2.25 persons. 45.63% of households in Hampshire County are renters.
Income and Rent Overburden in Hampshire County
The median gross income for households in Hampshire County is $27,995 a year, or $2,333 a month. The median rent for the county is $531 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hampshire County, a household making less than $1,770 a month would be considered overburdened when renting an apartment at or above the median rent. 28.8% of households who rent are overburdened in Hampshire County.
Area Median Income In Hampshire 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 Hampshire County, HUD calculates the Area Median Income for a family of four as $96,400
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 Hampshire 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 Hampshire 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 Hampshire 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 Hampshire 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 Hampshire County AMI may qualify for rental assistance programs that target Low Income households.