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. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811. Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. In Elk County, HUD calculates the Area Median Income for a family of four as $83,400 The AMI is calculated and published each year by HUD. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. Each household's income is compared to the incomes of all other households in the area. Area Median Income In Elk CountyĪffordable housing program eligibility is always determined by one's income. In Elk County, a household making less than $1,820 a month would be considered overburdened when renting an apartment at or above the median rent.ģ5.24% of households who rent are overburdened in Elk County. Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. The median gross income for households in Elk County is $46,671 a year, or $3,889 a month. 21.9% of households in Elk County are renters. There are 13,244 households in the county with an average household size of 2.34 persons. ± 6.36pp Total Population 31,370 Population and Household DemographicsĮlk County is a county in Pennsylvania with a population of 31,370. ±$29 Percentage Of Renters Overburdened 35.24% Total Affordable Apartment Properties 10 Total Low Income Apartments 489 Total Housing Units with Rental Assistance 357 Percentage of Housing Units Occupied By Renters 21.9% Average Renter Household Size 2.00 Average Household Size 2.34 Median Household Income $46,671 Sourced from federal housing data and research.Įlk County, PA Affordable Housing Snapshot 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. 2023 Elk County, Pennsylvania Fair Market Rents and Housing Choice Voucher Payment Standardsįair Market Rents can be used to better understand the average housing costs of an area. The maximum amount a voucher would pay on behalf of a low-income tenant in Elk County, Pennsylvania for a two-bedroom apartment is between $739 and $903. The average voucher holder contributes $200 towards rent in Elk County. On average, Section 8 Housing Choice vouchers pay Elk County landlords $500 per month towards rent. Housing Choice Vouchers in Elk County, Pennsylvania There are 132 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Elk County. Low Rent Apartments in Elk County, Pennsylvania Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities. Elk County, Pennsylvania Affordable Housing Data Income Based Apartments in Elk County, PennsylvaniaĮlk County features 357 income based apartments.
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