Cherrywood Apartments
There are 476 low-income apartments in Twin Falls County that offer reduced rents to eligible households. Low-income rents in Twin Falls County, Idaho can range from $339 to $339 depending on the number of bedrooms.
Rental assistance programs support 586 low-income homes in Twin Falls County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $318 towards rent each month.
Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Twin Falls County, Idaho Affordable Housing Data
Income Based Apartments in Twin Falls County, Idaho
Twin Falls County features 586 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 Twin Falls County, Idaho
There are 476 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Twin Falls County.
Housing Choice Vouchers in Twin Falls County, Idaho
On average, Section 8 Housing Choice vouchers pay Twin Falls County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Twin Falls County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Twin Falls County, Idaho for a two-bedroom apartment is between $953 and $1,165.
2024 Twin Falls 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 | |
|---|---|---|---|---|---|
| Twin Falls County, Idaho Fair Market Rent | $718 | $806 | $1,059 | $1,492 | $1,797 |
| Twin Falls County, Idaho Payment Standard Range | $646 to $790 | $725 to $887 | $953 to $1,165 | $1,343 to $1,641 | $1,617 to $1,977 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Twin Falls County, ID Affordable Housing Snapshot
| Total Affordable Apartment Properties | 26 |
|---|---|
| Total Low Income Apartments | 1,062 |
| Total Housing Units with Rental Assistance | 586 |
| Percentage of Housing Units Occupied By Renters | 33.81% |
| Average Renter Household Size | 2.69 |
| Average Household Size | 2.71 |
| Median Household Income | $44,048 ±$2,081 |
| Median Rent | $704 ±$21 |
| Percentage Of Renters Overburdened | 41.45% ± 4.61pp |
| Total Population | 80,004 |
Population and Household Demographics
Twin Falls County is a county in Idaho with a population of 80,004. There are 29,017 households in the county with an average household size of 2.71 persons. 33.81% of households in Twin Falls County are renters.
Income and Rent Overburden in Twin Falls County
The median gross income for households in Twin Falls County is $44,048 a year, or $3,671 a month. The median rent for the county is $704 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Twin Falls County, a household making less than $2,347 a month would be considered overburdened when renting an apartment at or above the median rent. 41.45% of households who rent are overburdened in Twin Falls County.
Area Median Income In Twin Falls 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 Twin Falls County, HUD calculates the Area Median Income for a family of four as $76,300
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 Twin Falls 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 Twin Falls 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 Twin Falls County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$16,250 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Twin Falls County AMI may qualify for rental assistance programs that target Very Low Income households. |
$27,000 | $30,850 | $34,700 | $38,550 | $41,650 | $44,750 | $47,850 | $50,900 |
| 80% AMI Income Limits Renters earning up to 80% of the Twin Falls County AMI may qualify for rental assistance programs that target Low Income households. |
$43,150 | $49,300 | $55,450 | $61,600 | $66,550 | $71,500 | $76,400 | $81,350 |
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