Apply to Reed City Apartment Waiting Lists
- Reed City Housing Commission Public Housing is open.
- Clawson Manor Apartments Senior/ Disabled Section 8 Project-Based Voucher is open.
- Shelby Trails Section 8 Project-Based Voucher is open.
- The Grand on University Section 8 Project-Based Voucher is open.
- Edison Crossing Section 8 Project-Based Voucher is open.
- Dr. Maya Angelou Village Section 8 Project-Based Voucher is open.
James Manor Senior Apartments
Stoney Creek Apartments
Franklin Pointe South/ Reed City Apatments
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There are 50 low-income apartments in Reed City that offer reduced rents to eligible households.
Rental assistance programs support 237 low-income homes in Reed City where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $304 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 Reed City, Michigan
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 |
|---|---|
| Michigan State Housing Development Authority | Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV) |
Reed City, Michigan Affordable Housing Data
Income Based Apartments in Reed City, Michigan
Reed City features 237 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 Reed City, Michigan
There are 50 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Reed City.
Housing Choice Vouchers in Reed City, Michigan
On average, Section 8 Housing Choice vouchers pay Reed City landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Reed City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Reed City, Michigan for a two-bedroom apartment is between $815 and $996.
2024 Reed City, 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 | |
|---|---|---|---|---|---|
| Reed City, Michigan Fair Market Rent | $633 | $689 | $905 | $1,124 | $1,415 |
| Reed City, Michigan Payment Standard Range | $570 to $696 | $620 to $758 | $815 to $996 | $1,012 to $1,236 | $1,274 to $1,557 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Reed City, MI Affordable Housing Snapshot
| Total Affordable Apartment Properties | 6 |
|---|---|
| Total Low Income Apartments | 287 |
| Total Housing Units with Rental Assistance | 237 |
| Percentage of Housing Units Occupied By Renters | 48.21% |
| Average Renter Household Size | 2.35 |
| Average Household Size | 2.56 |
| Median Household Income | $26,852 ±$5,865 |
| Median Rent | $538 ±$60 |
| Percentage Of Renters Overburdened | 41.88% ± 9.93pp |
| Total Population | 2,828 |
Population and Household Demographics
Reed City is a city in Osceola County, Michigan with a population of 2,828. There are 1,060 households in the city with an average household size of 2.56 persons. 48.21% of households in Reed City are renters.
Income and Rent Overburden in Reed City
The median gross income for households in Reed City is $26,852 a year, or $2,238 a month. The median rent for the city is $538 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Reed City, a household making less than $1,793 a month would be considered overburdened when renting an apartment at or above the median rent. 41.88% of households who rent are overburdened in Reed City.
Area Median Income In Reed City
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 Reed City, the AMI is calculated from all households within Osceola County.
In Reed City, HUD calculates the Area Median Income for a family of four as $67,700
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 Reed City
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 Reed City
| 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 Reed City 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 Reed City 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 Reed City 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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