Low Income Apartments For Rent in Tampico, IL

Rental assistance programs support 0 low-income homes in Tampico where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $-4 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 Tampico, 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
Whiteside County Housing Authority	Section 8 Housing Choice Voucher (HCV); Public Housing
White County Housing Authority	Public Housing

Go to the Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near Tampico.

Tampico, Illinois Affordable Housing Data

Income Based Apartments in Tampico, Illinois

Tampico features 0 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 Tampico, Illinois

There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Tampico.

Housing Choice Vouchers in Tampico, Illinois

On average, Section 8 Housing Choice vouchers pay Tampico landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Tampico.

The maximum amount a voucher would pay on behalf of a low-income tenant in Tampico, Illinois for a two-bedroom apartment is between $761 and $931.

2024 Tampico, 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
Tampico, Illinois Fair Market Rent	$589	$644	$846	$1,033	$1,127
Tampico, Illinois Payment Standard Range	$530 to $648	$580 to $708	$761 to $931	$930 to $1,136	$1,014 to $1,240

Sourced from federal housing data and AffordableHousingOnline.com research.

Tampico, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 2

Total Low Income Apartments 16

Total Housing Units with Rental Assistance 0

Percentage of Housing Units Occupied By Renters 30.87%

Average Renter Household Size 2.05

Average Household Size 2.30

Median Household Income $36,061 ±$1,913

Median Rent $672 ±$80

Percentage Of Renters Overburdened 31.52% ± 16.31pp

Total Population 684

Total Affordable Apartment Properties	2
Total Low Income Apartments	16
Total Housing Units with Rental Assistance	0
Percentage of Housing Units Occupied By Renters	30.87%
Average Renter Household Size	2.05
Average Household Size	2.30
Median Household Income	$36,061 ±$1,913
Median Rent	$672 ±$80
Percentage Of Renters Overburdened	31.52% ± 16.31pp
Total Population	684

Population and Household Demographics

Tampico is a city in Whiteside County, Illinois with a population of 684. There are 298 households in the city with an average household size of 2.30 persons. 30.87% of households in Tampico are renters.

Income and Rent Overburden in Tampico

The median gross income for households in Tampico is $36,061 a year, or $3,005 a month. The median rent for the city is $672 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Tampico, a household making less than $2,240 a month would be considered overburdened when renting an apartment at or above the median rent. 31.52% of households who rent are overburdened in Tampico.

Area Median Income In Tampico

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 Tampico, the AMI is calculated from all households within Whiteside County.

In Tampico, HUD calculates the Area Median Income for a family of four as $83,700

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 Tampico

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 Tampico

	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 Tampico AMI may qualify for rental assistance programs that target Extremely Low Income households.	$16,950	$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 Tampico AMI may qualify for rental assistance programs that target Very Low Income households.	$28,250	$32,250	$36,300	$40,300	$43,550	$46,750	$50,000	$53,200
80% AMI Income Limits Renters earning up to 80% of the Tampico AMI may qualify for rental assistance programs that target Low Income households.	$45,150	$51,600	$58,050	$64,500	$69,700	$74,850	$80,000	$85,150