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There are 20 low-income apartments in McBain that offer reduced rents to eligible households.
Rental assistance programs support 56 low-income homes in McBain 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 January 1st, 2023. Subdsidized rents typically change once a year based on federal guidance.
McBain, Michigan Affordable Housing Data
Income Based Apartments in McBain, Michigan
McBain features 56 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 McBain, Michigan
There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in McBain.
Housing Choice Vouchers in McBain, Michigan
On average, Section 8 Housing Choice vouchers pay McBain landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in McBain.
The maximum amount a voucher would pay on behalf of a low-income tenant in McBain, Michigan for a two-bedroom apartment is between $845 and $1,033.
2024 McBain, Michigan 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 | |
|---|---|---|---|---|---|
| McBain, Michigan Fair Market Rent | $656 | $715 | $939 | $1,143 | $1,251 |
| McBain, Michigan Payment Standard Range | $590 to $722 | $644 to $787 | $845 to $1,033 | $1,029 to $1,257 | $1,126 to $1,376 |
Sourced from federal housing data and AffordableHousingOnline.com research.
McBain, MI Affordable Housing Snapshot
| Total Affordable Apartment Properties | 3 |
|---|---|
| Total Low Income Apartments | 76 |
| Total Housing Units with Rental Assistance | 56 |
| Percentage of Housing Units Occupied By Renters | 44.15% |
| Average Renter Household Size | 1.73 |
| Average Household Size | 2.18 |
| Median Household Income | $32,596 ±$3,168 |
| Median Rent | $539 ±$45 |
| Percentage Of Renters Overburdened | 35.9% ± 18.82pp |
| Total Population | 671 |
Population and Household Demographics
McBain is a city in Missaukee County, Michigan with a population of 671. There are 265 households in the city with an average household size of 2.18 persons. 44.15% of households in McBain are renters.
Income and Rent Overburden in McBain
The median gross income for households in McBain is $32,596 a year, or $2,716 a month. The median rent for the city is $539 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In McBain, a household making less than $1,797 a month would be considered overburdened when renting an apartment at or above the median rent. 35.9% of households who rent are overburdened in McBain.
Area Median Income In McBain
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 McBain, the AMI is calculated from all households within Missaukee County.
In McBain, HUD calculates the Area Median Income for a family of four as $70,300
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 McBain
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 McBain
| 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 McBain AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$15,900 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,000 |
| 50% AMI Income Limits Renters earning up to 50% of the McBain AMI may qualify for rental assistance programs that target Very Low Income households. |
$26,500 | $30,300 | $34,100 | $37,850 | $40,900 | $43,950 | $46,950 | $50,000 |
| 80% AMI Income Limits Renters earning up to 80% of the McBain AMI may qualify for rental assistance programs that target Low Income households. |
$42,400 | $48,450 | $54,500 | $60,550 | $65,400 | $70,250 | $75,100 | $79,950 |
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