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There are 706 low-income apartments in Missaukee County that offer reduced rents to eligible households.
Rental assistance programs support 470 low-income homes in Missaukee County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $280 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.
Missaukee County, Michigan Affordable Housing Data
Income Based Apartments in Missaukee County, Michigan
Missaukee County features 470 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 Missaukee County, Michigan
There are 706 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Missaukee County.
Housing Choice Vouchers in Missaukee County, Michigan
On average, Section 8 Housing Choice vouchers pay Missaukee County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Missaukee County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Missaukee County, Michigan for a two-bedroom apartment is between $845 and $1,033.
2024 Missaukee County, 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 | |
|---|---|---|---|---|---|
| Missaukee County, Michigan Fair Market Rent | $656 | $715 | $939 | $1,143 | $1,251 |
| Missaukee County, 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.
Missaukee County, MI Affordable Housing Snapshot
| Total Affordable Apartment Properties | 16 |
|---|---|
| Total Low Income Apartments | 1,176 |
| Total Housing Units with Rental Assistance | 470 |
| Percentage of Housing Units Occupied By Renters | 18% |
| Average Renter Household Size | 2.51 |
| Average Household Size | 2.52 |
| Median Household Income | $41,098 ±$1,493 |
| Median Rent | $718 ±$26 |
| Percentage Of Renters Overburdened | 38.73% ± 5.9pp |
| Total Population | 14,988 |
Population and Household Demographics
Missaukee County is a county in Michigan with a population of 14,988. There are 5,866 households in the county with an average household size of 2.52 persons. 18% of households in Missaukee County are renters.
Income and Rent Overburden in Missaukee County
The median gross income for households in Missaukee County is $41,098 a year, or $3,425 a month. The median rent for the county is $718 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Missaukee County, a household making less than $2,393 a month would be considered overburdened when renting an apartment at or above the median rent. 38.73% of households who rent are overburdened in Missaukee County.
Area Median Income In Missaukee 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 Missaukee County, 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 Missaukee 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 Missaukee 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 Missaukee County 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 Missaukee County 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 Missaukee County 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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