Affordable Housing In Oak Hill
Fayette County West Virginia

6 Low Income Apartment Communities In Oak Hill

Pineknoll Apartments

99 Pine Knls
Oak Hill, WV
Subsidized

Fayette Hills Unity

213 High St S
Oak Hill, WV
Accessible
Disabled Supportive Housing
Subsidized

Twin Oaks Plaza

201 Oak Hill Ave
Oak Hill, WV
62+
Accessible
Elderly Supportive Housing
Subsidized

Plateau Oaks Apartments

100 Plateau Oaks Dr
Oak Hill, WV
HCV Welcome

Birchtree Apartments

1 Terry Ave
Oak Hill, WV
HCV Welcome

Maple Court Apartments

198 Maple Ave
Oak Hill, WV
HCV Welcome
  • «
  • 1
  • »

There are 6 low income housing apartment complexes which contain 262 affordable apartments for rent in Oak Hill. Many of these rental apartments are income based housing with 182 apartments that set rent based on your income. In Oak Hill, HUD housing programs support 104 rental assistance apartments through programs like Project-based Section 8. There are 80 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Guide To Affordable Housing in Oak Hill, West Virginia

Oak Hill, WV Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 262
Total Rent Assisted Apartments 182
Percentage of Housing Units Occupied By Renters 29.99%
Average Renter Household Size 2.19
Total Population 8,249
Housing Units 3,328
Average Household Size 2.42
Median Household Income $39,316 ±$6,264
Median Rent $626 ±$52
Percentage Of Renters Overburdened 44.59% ± 13.21pp

Population and Household Demographics

Oak Hill is a City in Fayette County, West Virginia with a population of 8,249. There are 3,328 households in the city with an average household size of 2.42 persons. 29.99% of households in Oak Hill are renters.

Income and Rent Overburden in Oak Hill

The median gross income for households in Oak Hill is $39,316 a year, or $3,276 a month. The median rent for the city is $626 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Oak Hill, a household making less than $2,087 a month would be considered overburdened when renting an apartment at or above the median rent. 44.59% of households who rent are overburdened in Oak Hill.1

Area Median Income In Oak Hill

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 Oak Hill, the AMI is calculated from all households within Fayette County.

In Oak Hill, HUD calculates the Area Median Income for a family of four as $48,500

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 Oak Hill

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 Oak Hill HUD Rental Assistance in Oak Hill

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $29,300 $31,450 $33,650 $35,800
50% of Median $19,000 $21,700 $24,400 $27,100 $29,300 $31,450 $33,650 $35,800
80% of Median $30,350 $34,700 $39,050 $43,350 $46,850 $50,300 $53,800 $57,250
Low Income Housing Tax Credits in Oak Hill

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

From 1992 to 2004, 4 low income apartment communities containing 116 rental apartments have been constructed and made affordable to low income persons in Oak Hill 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 Oak Hill

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $22,800 $26,040 $29,280 $32,520 $35,160 $37,740 $40,380 $42,960

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 Oak Hill is $29,280 a year, or $2,440 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,440 by 30% to get a maximum rent of $732 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% $475 $509 $610 $705 $786 $868
60% $570 $611 $732 $846 $944 $1,042
Fair Market Rents in Oak Hill

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$503 $506 $632 $862 $977