Anthony Place at Yorkville
Reserve at Fox River
- «
- 1
- »
There are 182 low-income apartments in Yorkville that offer reduced rents to eligible households. Low-income rents in Yorkville, Illinois can range from $889 to $1,040 depending on the number of bedrooms.
Rental assistance programs support 150 low-income homes in Yorkville where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $599 towards rent each month.
Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Yorkville, 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 |
|---|---|
| Kendall Housing Authority | Section 8 Housing Choice Voucher (HCV); Mainstream Voucher |
| DuPage Housing Authority | Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV); Homeownership |
Yorkville, Illinois Affordable Housing Data
Income Based Apartments in Yorkville, Illinois
Yorkville features 150 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 Yorkville, Illinois
There are 182 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Yorkville.
Housing Choice Vouchers in Yorkville, Illinois
On average, Section 8 Housing Choice vouchers pay Yorkville landlords $2,000 per month towards rent. The average voucher holder contributes $600 towards rent in Yorkville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Yorkville, Illinois for a two-bedroom apartment is between $1,567 and $1,915.
2024 Yorkville, 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 | |
|---|---|---|---|---|---|
| Yorkville, Illinois Fair Market Rent | $1,180 | $1,325 | $1,741 | $2,453 | $2,564 |
| Yorkville, Illinois Payment Standard Range | $1,062 to $1,298 | $1,193 to $1,458 | $1,567 to $1,915 | $2,208 to $2,698 | $2,308 to $2,820 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Yorkville, IL Affordable Housing Snapshot
| Total Affordable Apartment Properties | 8 |
|---|---|
| Total Low Income Apartments | 336 |
| Total Housing Units with Rental Assistance | 150 |
| Percentage of Housing Units Occupied By Renters | 19.98% |
| Average Renter Household Size | 2.67 |
| Average Household Size | 3.16 |
| Median Household Income | $89,850 ±$12,514 |
| Median Rent | $1,017 ±$93 |
| Percentage Of Renters Overburdened | 53.29% ± 23.92pp |
| Total Population | 18,222 |
Population and Household Demographics
Yorkville is a city in Kendall County, Illinois with a population of 18,222. There are 5,701 households in the city with an average household size of 3.16 persons. 19.98% of households in Yorkville are renters.
Income and Rent Overburden in Yorkville
The median gross income for households in Yorkville is $89,850 a year, or $7,488 a month. The median rent for the city is $1,017 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Yorkville, a household making less than $3,390 a month would be considered overburdened when renting an apartment at or above the median rent. 53.29% of households who rent are overburdened in Yorkville.
Area Median Income In Yorkville
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 Yorkville, the AMI is calculated from all households within Kendall County.
In Yorkville, HUD calculates the Area Median Income for a family of four as $111,900
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 Yorkville
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 Yorkville
| 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 Yorkville AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$23,500 | $26,850 | $30,200 | $33,550 | $36,250 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Yorkville AMI may qualify for rental assistance programs that target Very Low Income households. |
$39,200 | $44,800 | $50,400 | $55,950 | $60,450 | $64,950 | $69,400 | $73,900 |
| 80% AMI Income Limits Renters earning up to 80% of the Yorkville AMI may qualify for rental assistance programs that target Low Income households. |
$62,650 | $71,600 | $80,550 | $89,500 | $96,700 | $103,850 | $111,000 | $118,150 |
© 2002-2024 ApartmentSmart.com, Inc.
Affordable Housing Online is not affiliated with any housing authority or apartment community, and does not manage any affordable housing programs.