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There are 220 low-income apartments in Ravalli County that offer reduced rents to eligible households. Low-income rents in Ravalli County, Montana can range from $675 to $675 depending on the number of bedrooms.
Rental assistance programs support 136 low-income homes in Ravalli County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $284 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 Ravalli County, Montana
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 |
|---|---|
| Montana Department of Commerce | Section 8 Housing Choice Voucher (HCV) |
Ravalli County, Montana Affordable Housing Data
Income Based Apartments in Ravalli County, Montana
Ravalli County features 136 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 Ravalli County, Montana
There are 220 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ravalli County.
Housing Choice Vouchers in Ravalli County, Montana
On average, Section 8 Housing Choice vouchers pay Ravalli County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Ravalli County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Ravalli County, Montana for a two-bedroom apartment is between $835 and $1,021.
2024 Ravalli County, Montana 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 | |
|---|---|---|---|---|---|
| Ravalli County, Montana Fair Market Rent | $674 | $718 | $928 | $1,304 | $1,575 |
| Ravalli County, Montana Payment Standard Range | $607 to $741 | $646 to $790 | $835 to $1,021 | $1,174 to $1,434 | $1,418 to $1,733 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Ravalli County, MT Affordable Housing Snapshot
| Total Affordable Apartment Properties | 13 |
|---|---|
| Total Low Income Apartments | 356 |
| Total Housing Units with Rental Assistance | 136 |
| Percentage of Housing Units Occupied By Renters | 30.47% |
| Average Renter Household Size | 2.40 |
| Average Household Size | 2.43 |
| Median Household Income | $39,480 ±$2,349 |
| Median Rent | $702 ±$33 |
| Percentage Of Renters Overburdened | 43.15% ± 5.91pp |
| Total Population | 40,823 |
Population and Household Demographics
Ravalli County is a county in Montana with a population of 40,823. There are 16,649 households in the county with an average household size of 2.43 persons. 30.47% of households in Ravalli County are renters.
Income and Rent Overburden in Ravalli County
The median gross income for households in Ravalli County is $39,480 a year, or $3,290 a month. The median rent for the county is $702 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Ravalli County, a household making less than $2,340 a month would be considered overburdened when renting an apartment at or above the median rent. 43.15% of households who rent are overburdened in Ravalli County.
Area Median Income In Ravalli 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 Ravalli County, HUD calculates the Area Median Income for a family of four as $80,400
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 Ravalli 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 Ravalli 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 Ravalli County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$17,650 | $20,200 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Ravalli County AMI may qualify for rental assistance programs that target Very Low Income households. |
$29,400 | $33,600 | $37,800 | $42,000 | $45,400 | $48,750 | $52,100 | $55,450 |
| 80% AMI Income Limits Renters earning up to 80% of the Ravalli County AMI may qualify for rental assistance programs that target Low Income households. |
$47,050 | $53,800 | $60,500 | $67,200 | $72,600 | $78,000 | $83,350 | $88,750 |
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