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There are 0 low-income apartments in Shoshone County that offer reduced rents to eligible households.
Rental assistance programs support 153 low-income homes in Shoshone County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $276 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.
Shoshone County, Idaho Affordable Housing Data
Income Based Apartments in Shoshone County, Idaho
Shoshone County features 153 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 Shoshone County, Idaho
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Shoshone County.
Housing Choice Vouchers in Shoshone County, Idaho
On average, Section 8 Housing Choice vouchers pay Shoshone County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Shoshone County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Shoshone County, Idaho for a two-bedroom apartment is between $862 and $1,054.
2024 Shoshone County, Idaho 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 | |
|---|---|---|---|---|---|
| Shoshone County, Idaho Fair Market Rent | $649 | $729 | $958 | $1,271 | $1,614 |
| Shoshone County, Idaho Payment Standard Range | $584 to $714 | $656 to $802 | $862 to $1,054 | $1,144 to $1,398 | $1,453 to $1,775 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Shoshone County, ID Affordable Housing Snapshot
| Total Affordable Apartment Properties | 7 |
|---|---|
| Total Low Income Apartments | 153 |
| Total Housing Units with Rental Assistance | 153 |
| Percentage of Housing Units Occupied By Renters | 31.72% |
| Average Renter Household Size | 2.20 |
| Average Household Size | 2.16 |
| Median Household Income | $37,665 ±$2,716 |
| Median Rent | $621 ±$24 |
| Percentage Of Renters Overburdened | 41.72% ± 6.13pp |
| Total Population | 12,571 |
Population and Household Demographics
Shoshone County is a county in Idaho with a population of 12,571. There are 5,712 households in the county with an average household size of 2.16 persons. 31.72% of households in Shoshone County are renters.
Income and Rent Overburden in Shoshone County
The median gross income for households in Shoshone County is $37,665 a year, or $3,139 a month. The median rent for the county is $621 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Shoshone County, a household making less than $2,070 a month would be considered overburdened when renting an apartment at or above the median rent. 41.72% of households who rent are overburdened in Shoshone County.
Area Median Income In Shoshone 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 Shoshone County, HUD calculates the Area Median Income for a family of four as $64,900
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 Shoshone 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 Shoshone 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 Shoshone County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$14,800 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $43,650 | $46,500 |
| 50% AMI Income Limits Renters earning up to 50% of the Shoshone County AMI may qualify for rental assistance programs that target Very Low Income households. |
$24,650 | $28,200 | $31,700 | $35,200 | $38,050 | $40,850 | $43,650 | $46,500 |
| 80% AMI Income Limits Renters earning up to 80% of the Shoshone County AMI may qualify for rental assistance programs that target Low Income households. |
$39,450 | $45,050 | $50,700 | $56,300 | $60,850 | $65,350 | $69,850 | $74,350 |
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