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Colchester Apartments
There are 132 low-income apartments in McDonough County that offer reduced rents to eligible households.
Rental assistance programs support 690 low-income homes in McDonough County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $292 towards rent each month.
Affordable rent data for some communities last confirmed on June 25th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving McDonough 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 of McDonough County | Section 8 Housing Choice Voucher (HCV); Public Housing |
McDonough County, Illinois Affordable Housing Data
Income Based Apartments in McDonough County, Illinois
McDonough County features 690 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 McDonough County, Illinois
There are 132 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in McDonough County.
Housing Choice Vouchers in McDonough County, Illinois
On average, Section 8 Housing Choice vouchers pay McDonough County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in McDonough County.
The maximum amount a voucher would pay on behalf of a low-income tenant in McDonough County, Illinois for a two-bedroom apartment is between $761 and $930.
2024 McDonough 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 | |
|---|---|---|---|---|---|
| McDonough County, Illinois Fair Market Rent | $579 | $672 | $845 | $1,104 | $1,261 |
| McDonough County, Illinois Payment Standard Range | $521 to $637 | $605 to $739 | $761 to $930 | $994 to $1,214 | $1,135 to $1,387 |
Sourced from federal housing data and AffordableHousingOnline.com research.
McDonough County, IL Affordable Housing Snapshot
| Total Affordable Apartment Properties | 44 |
|---|---|
| Total Low Income Apartments | 851 |
| Total Housing Units with Rental Assistance | 690 |
| Percentage of Housing Units Occupied By Renters | 36.31% |
| Average Renter Household Size | 2.04 |
| Average Household Size | 2.29 |
| Median Household Income | $40,314 ±$2,322 |
| Median Rent | $630 ±$47 |
| Percentage Of Renters Overburdened | 47.62% ± 5.21pp |
| Total Population | 32,009 |
Population and Household Demographics
McDonough County is a county in Illinois with a population of 32,009. There are 12,129 households in the county with an average household size of 2.29 persons. 36.31% of households in McDonough County are renters.
Income and Rent Overburden in McDonough County
The median gross income for households in McDonough County is $40,314 a year, or $3,360 a month. The median rent for the county is $630 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In McDonough County, a household making less than $2,100 a month would be considered overburdened when renting an apartment at or above the median rent. 47.62% of households who rent are overburdened in McDonough County.
Area Median Income In McDonough 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 McDonough County, HUD calculates the Area Median Income for a family of four as $82,600
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 McDonough 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 McDonough 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 McDonough County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$17,400 | $19,850 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the McDonough County AMI may qualify for rental assistance programs that target Very Low Income households. |
$28,950 | $33,050 | $37,200 | $41,300 | $44,650 | $47,950 | $51,250 | $54,550 |
| 80% AMI Income Limits Renters earning up to 80% of the McDonough County AMI may qualify for rental assistance programs that target Low Income households. |
$46,300 | $52,900 | $59,500 | $66,100 | $71,400 | $76,700 | $82,000 | $87,300 |
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