Apply to Stone Mountain Apartment Waiting Lists
- Ashford Parkside / Ashford Landing and Chamblee Senior Residences Senior Section 8 Project-Based Voucher is open.
- Antioch Villas and Gardens Near Elderly Section 8 Project-Based Voucher is open.
- Terraces at Parkview, Candler Forrest and Hills at Fairington Section 8 Project-Based Voucher is open.
- Retreat at Spring Hill, Near Elderly Section 8 Project-Based Voucher is open.
- The View and Reserve at Mills Creek Senior Residences Senior Section 8 Project-Based Voucher is open.
- Phoenix Station Section 8 Project-Based Voucher is open.
- Columbia Senior Residences at Forest Hills Senior Section 8 Project-Based Voucher is open.
- Veranda at Assembly, Near Elderly Section 8 Project-Based Voucher is open.
- Hearthside Brookleigh 62+, LIHTC Senior is open.
5324 Biffle Downs Road, Stone Mountain, GA...
5167 Scarbrough Trl W, STONE MOUNTAIN, GA ...
5343 Martins Crossing Road, Stone Mountain...
There are 961 low-income apartments in Stone Mountain that offer reduced rents to eligible households. Low-income rents in Stone Mountain, Georgia can range from $485 to $735 depending on the number of bedrooms.
Rental assistance programs support 391 low-income homes in Stone Mountain where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $343 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 Stone Mountain, 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 |
|---|---|
| Housing Authority of DeKalb County | Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Rental Assistance Demonstration (RAD) |
| Housing Authority of the City of Decatur | Section 8 Housing Choice Voucher (HCV); Public Housing |
Stone Mountain, Georgia Affordable Housing Data
Income Based Apartments in Stone Mountain, Georgia
Stone Mountain features 391 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 Stone Mountain, Georgia
There are 961 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stone Mountain.
Housing Choice Vouchers in Stone Mountain, Georgia
On average, Section 8 Housing Choice vouchers pay Stone Mountain landlords $1,000 per month towards rent. The average voucher holder contributes $300 towards rent in Stone Mountain.
The maximum amount a voucher would pay on behalf of a low-income tenant in Stone Mountain, Georgia for a two-bedroom apartment is between $1,660 and $2,028.
2024 Stone Mountain, 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 | |
|---|---|---|---|---|---|
| Stone Mountain, Georgia Fair Market Rent | $1,599 | $1,643 | $1,844 | $2,230 | $2,707 |
| Stone Mountain, 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.
Stone Mountain, GA Affordable Housing Snapshot
| Total Affordable Apartment Properties | 72 |
|---|---|
| Total Low Income Apartments | 1,414 |
| Total Housing Units with Rental Assistance | 391 |
| Percentage of Housing Units Occupied By Renters | 42.47% |
| Average Renter Household Size | 2.47 |
| Average Household Size | 2.47 |
| Median Household Income | $36,729 ±$7,074 |
| Median Rent | $913 ±$96 |
| Percentage Of Renters Overburdened | 68.9% ± 17.03pp |
| Total Population | 5,991 |
Population and Household Demographics
Stone Mountain is a city in DeKalb County, Georgia with a population of 5,991. There are 2,423 households in the city with an average household size of 2.47 persons. 42.47% of households in Stone Mountain are renters.
Income and Rent Overburden in Stone Mountain
The median gross income for households in Stone Mountain is $36,729 a year, or $3,061 a month. The median rent for the city is $913 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Stone Mountain, a household making less than $3,043 a month would be considered overburdened when renting an apartment at or above the median rent. 68.9% of households who rent are overburdened in Stone Mountain.
Area Median Income In Stone Mountain
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 Stone Mountain, the AMI is calculated from all households within DeKalb County.
In Stone Mountain, 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 Stone Mountain
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 Stone Mountain
| 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 Stone Mountain 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 Stone Mountain 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 Stone Mountain 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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