Affordable Housing In Parkersburg
Wood County, West Virginia

21 Low Income Apartment Communities In Parkersburg

Terrapin Park

2412 Covert St
Parkersburg, WV
1-2 BR
HCV Welcome

Dutch Ridge

2983 Dutch Ridge Rd
Parkersburg, WV
1-2 BR
HCV Welcome

Newberry Apartments

235 S Campus View Dr
Parkersburg, WV
Call For Rent
2 BR
HCV Welcome

Worthington Creek Apartments

2700 Emerson Ave
Parkersburg, WV
2 BR
HCV Welcome

Edison Hill Commons

800 Lily Lane
Parkersburg, WV
3-4 BR
HCV Welcome

St Paul Terrace

3850 Central Ave
Parkersburg, WV
1-3 BR
HCV Welcome

Rolling Hills Townhomes and Cottages

106 Branam Dr
Parkersburg, WV
Income Based
Studio-3 BR

Parkland Place

1250 31st St
Parkersburg, WV
Call For Rent
1 BR

Rowan Apartments

Buckeye St
Parkersburg, WV
HCV Welcome

Chateau Hills

147 Chateau Hls
Parkersburg, WV

Housing Authorities that serve Parkersburg

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

Guide To Affordable Housing in Parkersburg, West Virginia

According to federal housing data and research, there are 21 low income housing apartment communities offering 1,360 affordable apartments for rent in Parkersburg, West Virginia. Parkersburg features 990 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 370 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Parkersburg.

Parkersburg, WV Affordable Housing Snapshot

Total Affordable Apartment Properties 21
Total Low Income Apartments 1,360
Total Housing Units with Rental Assistance 990
Percentage of Housing Units Occupied By Renters 39.3%
Average Renter Household Size 2.21
Average Household Size 2.28
Median Household Income $31,876 ±$1,356
Median Rent $607 ±$21
Percentage Of Renters Overburdened 52.86% ± 4.96pp
Total Population 31,133

Population and Household Demographics

Parkersburg is a City in Wood County, West Virginia with a population of 31,133. There are 13,467 households in the city with an average household size of 2.28 persons. 39.3% of households in Parkersburg are renters.

Income and Rent Overburden in Parkersburg

The median gross income for households in Parkersburg is $31,876 a year, or $2,656 a month. The median rent for the city is $607 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Parkersburg, a household making less than $2,023 a month would be considered overburdened when renting an apartment at or above the median rent. 52.86% of households who rent are overburdened in Parkersburg.1

Area Median Income In Parkersburg

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 Parkersburg, the AMI is calculated from all households within Wood County.

In Parkersburg, HUD calculates the Area Median Income for a family of four as $61,000

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 Parkersburg

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 Parkersburg HUD Rental Assistance in Parkersburg

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 $30,170 $34,150 $36,500 $38,850
50% of Median $20,600 $23,550 $26,500 $29,400 $31,800 $34,150 $36,500 $38,850
80% of Median $32,950 $37,650 $42,350 $47,050 $50,850 $54,600 $58,350 $62,150
Low Income Housing Tax Credits in Parkersburg

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

From 1992 to 2000, 6 low income apartment communities containing 358 rental apartments have been constructed and made affordable to low income persons in Parkersburg 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 Parkersburg

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $20,600 $23,550 $26,500 $29,400 $31,800 $34,150 $36,500 $38,850
60% of Median $24,720 $28,260 $31,800 $35,280 $38,160 $40,980 $43,800 $46,620

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 Parkersburg is $31,800 a year, or $2,650 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,650 by 30% to get a maximum rent of $795 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% $515 $552 $663 $765 $854 $942
60% $618 $662 $795 $918 $1,025 $1,130
Fair Market Rents in Parkersburg

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
$574 $636 $754 $1,025 $1,166