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Walton Reserve Apartments
There are 6,740 low-income apartments in Cobb County that offer reduced rents to eligible households. Low-income rents in Cobb County, Georgia can range from $525 to $1,519 depending on the number of bedrooms.
Rental assistance programs support 783 low-income homes in Cobb County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $375 towards rent each month.
Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Cobb County, Georgia
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
| Housing Authority | Programs |
|---|---|
| Marietta Housing Authority | Section 8 Housing Choice Voucher (HCV); Section 8 Project-Based Voucher (PBV); Rental Assistance Demonstration (RAD) |
Cobb County, Georgia Affordable Housing Data
Income Based Apartments in Cobb County, Georgia
Cobb County features 783 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 Cobb County, Georgia
There are 6,740 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cobb County.
Housing Choice Vouchers in Cobb County, Georgia
On average, Section 8 Housing Choice vouchers pay Cobb County landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Cobb County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Cobb County, Georgia for a two-bedroom apartment is between $1,660 and $2,028.
2024 Cobb County, Georgia 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 | |
|---|---|---|---|---|---|
| Cobb County, Georgia Fair Market Rent | $1,599 | $1,643 | $1,844 | $2,230 | $2,707 |
| Cobb County, Georgia Payment Standard Range | $1,439 to $1,759 | $1,479 to $1,807 | $1,660 to $2,028 | $2,007 to $2,453 | $2,436 to $2,978 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Cobb County, GA Affordable Housing Snapshot
| Total Affordable Apartment Properties | 516 |
|---|---|
| Total Low Income Apartments | 8,035 |
| Total Housing Units with Rental Assistance | 783 |
| Percentage of Housing Units Occupied By Renters | 35.84% |
| Average Renter Household Size | 2.55 |
| Average Household Size | 2.64 |
| Median Household Income | $65,873 ±$1,188 |
| Median Rent | $1,006 ±$14 |
| Percentage Of Renters Overburdened | 46.63% ± 1.52pp |
| Total Population | 719,133 |
Population and Household Demographics
Cobb County is a county in Georgia with a population of 719,133. There are 268,616 households in the county with an average household size of 2.64 persons. 35.84% of households in Cobb County are renters.
Income and Rent Overburden in Cobb County
The median gross income for households in Cobb County is $65,873 a year, or $5,489 a month. The median rent for the county is $1,006 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cobb County, a household making less than $3,353 a month would be considered overburdened when renting an apartment at or above the median rent. 46.63% of households who rent are overburdened in Cobb County.
Area Median Income In Cobb County
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.
In Cobb County, HUD calculates the Area Median Income for a family of four as $103,500
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 Cobb County
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 Cobb County
| 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 Cobb County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$21,500 | $24,550 | $27,600 | $30,650 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Cobb County AMI may qualify for rental assistance programs that target Very Low Income households. |
$35,750 | $40,850 | $45,950 | $51,050 | $55,150 | $59,250 | $63,350 | $67,400 |
| 80% AMI Income Limits Renters earning up to 80% of the Cobb County AMI may qualify for rental assistance programs that target Low Income households. |
$57,200 | $65,350 | $73,500 | $81,650 | $88,200 | $94,750 | $101,250 | $107,800 |
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