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There are 34 low-income apartments in Richardson County that offer reduced rents to eligible households. Low-income rents in Richardson County, Nebraska can range from $475 to $560 depending on the number of bedrooms.
Rental assistance programs support 180 low-income homes in Richardson County where households pay rent based on how much they earn.
Affordable rent data for some communities last confirmed on January 23rd, 2023. Subdsidized rents typically change once a year based on federal guidance.
Richardson County, Nebraska Affordable Housing Data
Income Based Apartments in Richardson County, Nebraska
Richardson County features 180 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 Richardson County, Nebraska
There are 34 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Richardson County.
Housing Choice Vouchers in Richardson County, Nebraska
On average, Section 8 Housing Choice vouchers pay Richardson County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Richardson County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Richardson County, Nebraska for a two-bedroom apartment is between $785 and $959.
2024 Richardson County, Nebraska 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 | |
|---|---|---|---|---|---|
| Richardson County, Nebraska Fair Market Rent | $591 | $664 | $872 | $1,054 | $1,161 |
| Richardson County, Nebraska Payment Standard Range | $532 to $650 | $598 to $730 | $785 to $959 | $949 to $1,159 | $1,045 to $1,277 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Richardson County, NE Affordable Housing Snapshot
| Total Affordable Apartment Properties | 9 |
|---|---|
| Total Low Income Apartments | 214 |
| Total Housing Units with Rental Assistance | 180 |
| Percentage of Housing Units Occupied By Renters | 25.21% |
| Average Renter Household Size | 1.95 |
| Average Household Size | 2.14 |
| Median Household Income | $42,750 ±$6,759 |
| Median Rent | $468 ±$32 |
| Percentage Of Renters Overburdened | 27.74% ± 8.21pp |
| Total Population | 8,201 |
Population and Household Demographics
Richardson County is a county in Nebraska with a population of 8,201. There are 3,761 households in the county with an average household size of 2.14 persons. 25.21% of households in Richardson County are renters.
Income and Rent Overburden in Richardson County
The median gross income for households in Richardson County is $42,750 a year, or $3,563 a month. The median rent for the county is $468 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Richardson County, a household making less than $1,560 a month would be considered overburdened when renting an apartment at or above the median rent. 27.74% of households who rent are overburdened in Richardson County.
Area Median Income In Richardson 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 Richardson 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 Richardson 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 Richardson 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 Richardson County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$17,500 | $20,000 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Richardson County AMI may qualify for rental assistance programs that target Very Low Income households. |
$29,150 | $33,300 | $37,450 | $41,600 | $44,950 | $48,300 | $51,600 | $54,950 |
| 80% AMI Income Limits Renters earning up to 80% of the Richardson County AMI may qualify for rental assistance programs that target Low Income households. |
$46,600 | $53,250 | $59,900 | $66,550 | $71,900 | $77,200 | $82,550 | $87,850 |
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