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Quality Housing
There are 382 low-income apartments in Coles County that offer reduced rents to eligible households.
Rental assistance programs support 891 low-income homes in Coles County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $269 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.
Public Housing Agencies Serving Coles County, Illinois
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 County of Coles | Public Housing |
| Menard County Housing Authority | Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency; Section 8 Project-Based Voucher (PBV) |
Coles County, Illinois Affordable Housing Data
Income Based Apartments in Coles County, Illinois
Coles County features 891 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 Coles County, Illinois
There are 382 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Coles County.
Housing Choice Vouchers in Coles County, Illinois
On average, Section 8 Housing Choice vouchers pay Coles County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Coles County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Coles County, Illinois for a two-bedroom apartment is between $763 and $933.
2024 Coles County, Illinois 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 | |
|---|---|---|---|---|---|
| Coles County, Illinois Fair Market Rent | $575 | $645 | $848 | $1,123 | $1,133 |
| Coles County, Illinois Payment Standard Range | $518 to $633 | $581 to $710 | $763 to $933 | $1,011 to $1,235 | $1,020 to $1,246 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Coles County, IL Affordable Housing Snapshot
| Total Affordable Apartment Properties | 18 |
|---|---|
| Total Low Income Apartments | 1,273 |
| Total Housing Units with Rental Assistance | 891 |
| Percentage of Housing Units Occupied By Renters | 37.95% |
| Average Renter Household Size | 2.14 |
| Average Household Size | 2.31 |
| Median Household Income | $39,588 ±$2,470 |
| Median Rent | $626 ±$18 |
| Percentage Of Renters Overburdened | 50.14% ± 4.4pp |
| Total Population | 53,037 |
Population and Household Demographics
Coles County is a county in Illinois with a population of 53,037. There are 21,063 households in the county with an average household size of 2.31 persons. 37.95% of households in Coles County are renters.
Income and Rent Overburden in Coles County
The median gross income for households in Coles County is $39,588 a year, or $3,299 a month. The median rent for the county is $626 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Coles County, a household making less than $2,087 a month would be considered overburdened when renting an apartment at or above the median rent. 50.14% of households who rent are overburdened in Coles County.
Area Median Income In Coles 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 Coles County, HUD calculates the Area Median Income for a family of four as $72,400
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 Coles 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 Coles 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 Coles County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$16,900 | $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 Coles County AMI may qualify for rental assistance programs that target Very Low Income households. |
$28,150 | $32,150 | $36,150 | $40,150 | $43,400 | $46,600 | $49,800 | $53,000 |
| 80% AMI Income Limits Renters earning up to 80% of the Coles County AMI may qualify for rental assistance programs that target Low Income households. |
$45,000 | $51,400 | $57,850 | $64,250 | $69,400 | $74,550 | $79,700 | $84,850 |
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