- «
- 1
- »
There are 61 low-income apartments in Rio Rico that offer reduced rents to eligible households.
Rental assistance programs support 0 low-income homes in Rio Rico where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $354 towards rent each month.
Affordable rent data for some communities last confirmed on January 3rd, 2023. Subdsidized rents typically change once a year based on federal guidance.
Rio Rico, Arizona Affordable Housing Data
Income Based Apartments in Rio Rico, Arizona
Rio Rico features 0 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 Rio Rico, Arizona
There are 61 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rio Rico.
Housing Choice Vouchers in Rio Rico, Arizona
On average, Section 8 Housing Choice vouchers pay Rio Rico landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Rio Rico.
The maximum amount a voucher would pay on behalf of a low-income tenant in Rio Rico, Arizona for a two-bedroom apartment is between $920 and $1,124.
2024 Rio Rico, Arizona 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 | |
|---|---|---|---|---|---|
| Rio Rico, Arizona Fair Market Rent | $693 | $778 | $1,022 | $1,440 | $1,472 |
| Rio Rico, Arizona Payment Standard Range | $624 to $762 | $700 to $856 | $920 to $1,124 | $1,296 to $1,584 | $1,325 to $1,619 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Rio Rico, AZ Affordable Housing Snapshot
| Total Affordable Apartment Properties | 1 |
|---|---|
| Total Low Income Apartments | 61 |
| Total Housing Units with Rental Assistance | 0 |
| Percentage of Housing Units Occupied By Renters | 19.56% |
| Average Renter Household Size | 3.41 |
| Average Household Size | 3.35 |
| Median Household Income | $50,773 ±$4,254 |
| Median Rent | $758 ±$126 |
| Percentage Of Renters Overburdened | 28.77% ± 13.23pp |
| Total Population | 18,760 |
Population and Household Demographics
Rio Rico is a city in Santa Cruz County, Arizona with a population of 18,760. There are 5,599 households in the city with an average household size of 3.35 persons. 19.56% of households in Rio Rico are renters.
Income and Rent Overburden in Rio Rico
The median gross income for households in Rio Rico is $50,773 a year, or $4,231 a month. The median rent for the city is $758 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Rio Rico, a household making less than $2,527 a month would be considered overburdened when renting an apartment at or above the median rent. 28.77% of households who rent are overburdened in Rio Rico.
Area Median Income In Rio Rico
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 Rio Rico, the AMI is calculated from all households within Santa Cruz County.
In Rio Rico, HUD calculates the Area Median Income for a family of four as $59,000
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 Rio Rico
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 Rio Rico
| 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 Rio Rico AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$14,580 | $19,720 | $24,860 | $29,300 | $31,650 | $34,000 | $36,350 | $38,700 |
| 50% AMI Income Limits Renters earning up to 50% of the Rio Rico AMI may qualify for rental assistance programs that target Very Low Income households. |
$20,550 | $23,450 | $26,400 | $29,300 | $31,650 | $34,000 | $36,350 | $38,700 |
| 80% AMI Income Limits Renters earning up to 80% of the Rio Rico AMI may qualify for rental assistance programs that target Low Income households. |
$32,850 | $37,550 | $42,250 | $46,900 | $50,700 | $54,450 | $58,200 | $61,950 |
© 2002-2024 ApartmentSmart.com, Inc.
Affordable Housing Online is not affiliated with any housing authority or apartment community, and does not manage any affordable housing programs.