. Low Income Apartments For Rent in Greybull, Wyoming - Affordable Housing Online

Valley Homes Syringa Property Mg

925 N 7th St
Greybull, Wyoming
Rent Assisted
S. 515 Rural
Showing Results 1-15
  • «
  • 1
  • »

There are 0 low-income apartments in Greybull that offer reduced rents to eligible households.

Rental assistance programs support 15 low-income homes in Greybull where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on April 23rd, 2021. Subdsidized rents typically change once a year based on federal guidance.

Greybull, Wyoming Affordable Housing Data

Income Based Apartments in Greybull, Wyoming

Greybull features 15 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 Greybull, Wyoming

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Greybull.

Housing Choice Vouchers in Greybull, Wyoming

On average, Section 8 Housing Choice vouchers pay Greybull landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Greybull.

The maximum amount a voucher would pay on behalf of a low-income tenant in Greybull, Wyoming for a two-bedroom apartment is between $743 and $909.

2023 Greybull, Wyoming 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
Greybull, Wyoming Fair Market Rent $643 $647 $826 $1,005 $1,333
Greybull, Wyoming Payment Standard Range $579 to $707 $582 to $712 $743 to $909 $905 to $1,106 $1,200 to $1,466

Sourced from federal housing data and AffordableHousingOnline.com research.

Greybull, WY Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 15
Total Housing Units with Rental Assistance 15
Percentage of Housing Units Occupied By Renters 29.94%
Average Renter Household Size 2.72
Average Household Size 2.68
Median Household Income $46,193 ±$5,601
Median Rent $574 ±$59
Percentage Of Renters Overburdened 37.5% ± 12.88pp
Total Population 2,089

Population and Household Demographics

Greybull is a city in Big Horn County, Wyoming with a population of 2,089. There are 775 households in the city with an average household size of 2.68 persons. 29.94% of households in Greybull are renters.

Income and Rent Overburden in Greybull

The median gross income for households in Greybull is $46,193 a year, or $3,849 a month. The median rent for the city is $574 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Greybull, a household making less than $1,913 a month would be considered overburdened when renting an apartment at or above the median rent. 37.5% of households who rent are overburdened in Greybull.

Area Median Income In Greybull

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 Greybull, the AMI is calculated from all households within Big Horn County.

In Greybull, HUD calculates the Area Median Income for a family of four as $83,000

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 Greybull

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 Greybull

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 Greybull AMI may qualify for rental assistance programs that target Extremely Low Income households.
$19,500 $22,250 $25,050 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Greybull AMI may qualify for rental assistance programs that target Very Low Income households.
$32,450 $37,100 $41,750 $46,350 $50,100 $53,800 $57,500 $61,200
80% AMI Income Limits
Renters earning up to 80% of the Greybull AMI may qualify for rental assistance programs that target Low Income households.
$51,950 $59,350 $66,750 $74,150 $80,100 $86,050 $91,950 $97,900