Affordable Housing In Lusk
Niobrara County, Wyoming

1 Low Income Apartment Communities In Lusk

Ranger Apartments

PO Box 982
Lusk, WY
Subsidized
  • «
  • 1
  • »

Housing Authorities that serve Lusk

Housing Authority Programs
Lusk Housing Authority Public Housing

Guide To Affordable Housing in Lusk, Wyoming

According to federal housing data and AffordableHousingOnline.com research, there are 1 low income housing apartment communities offering 40 affordable apartments for rent in Lusk, Wyoming. Lusk features 40 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Lusk.

Lusk, WY Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 40
Total Housing Units with Rental Assistance 40
Percentage of Housing Units Occupied By Renters 41.25%
Average Renter Household Size 1.84
Average Household Size 2.16
Median Household Income $40,000 ±$16,101
Median Rent $584 ±$100
Percentage Of Renters Overburdened 39.22% ± 15.63pp
Total Population 1,755

Population and Household Demographics

Lusk is a City in Niobrara County, Wyoming with a population of 1,755. There are 686 households in the city with an average household size of 2.16 persons. 41.25% of households in Lusk are renters.

Income and Rent Overburden in Lusk

The median gross income for households in Lusk is $40,000 a year, or $3,333 a month. The median rent for the city is $584 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lusk, a household making less than $1,947 a month would be considered overburdened when renting an apartment at or above the median rent. 39.22% of households who rent are overburdened in Lusk.1

Area Median Income In Lusk

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 Lusk, the AMI is calculated from all households within Niobrara County.

In Lusk, HUD calculates the Area Median Income for a family of four as $65,300

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 Lusk

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 Lusk HUD Rental Assistance in Lusk

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,750 $19,150 $21,550 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $27,900 $31,900 $35,900 $39,850 $43,050 $46,250 $49,450 $52,650
80% of Median $44,650 $51,000 $57,400 $63,750 $68,850 $73,950 $79,050 $84,150

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 Lusk

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $27,900 $31,900 $35,900 $39,850 $43,050 $46,250 $49,450 $52,650
60% of Median $33,480 $38,280 $43,080 $47,820 $51,660 $55,500 $59,340 $63,180

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 Lusk is $43,080 a year, or $3,590 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,590 by 30% to get a maximum rent of $1,077 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% $698 $748 $898 $1,036 $1,156 $1,276
60% $837 $897 $1,077 $1,244 $1,388 $1,532
Fair Market Rents in Lusk

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
$534 $542 $714 $1,018 $1,254