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There are 0 low-income apartments in Bowbells that offer reduced rents to eligible households.
Rental assistance programs support 12 low-income homes in Bowbells where households pay rent based on how much they earn.
Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.
Bowbells, North Dakota Affordable Housing Data
Income Based Apartments in Bowbells, North Dakota
Bowbells features 12 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 Bowbells, North Dakota
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bowbells.
Housing Choice Vouchers in Bowbells, North Dakota
On average, Section 8 Housing Choice vouchers pay Bowbells landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bowbells.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bowbells, North Dakota for a two-bedroom apartment is between $773 and $945.
2024 Bowbells, North Dakota 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 | |
|---|---|---|---|---|---|
| Bowbells, North Dakota Fair Market Rent | $649 | $654 | $859 | $1,039 | $1,458 |
| Bowbells, North Dakota Payment Standard Range | $584 to $714 | $589 to $719 | $773 to $945 | $935 to $1,143 | $1,312 to $1,604 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Bowbells, ND Affordable Housing Snapshot
| Total Affordable Apartment Properties | 2 |
|---|---|
| Total Low Income Apartments | 12 |
| Total Housing Units with Rental Assistance | 12 |
| Percentage of Housing Units Occupied By Renters | 37.5% |
| Average Renter Household Size | 1.67 |
| Average Household Size | 2.01 |
| Median Household Income | $61,250 ±$34,429 |
| Median Rent | $608 ±$176 |
| Percentage Of Renters Overburdened | 29.33% ± 33.7pp |
| Total Population | 402 |
Population and Household Demographics
Bowbells is a city in Burke County, North Dakota with a population of 402. There are 200 households in the city with an average household size of 2.01 persons. 37.5% of households in Bowbells are renters.
Income and Rent Overburden in Bowbells
The median gross income for households in Bowbells is $61,250 a year, or $5,104 a month. The median rent for the city is $608 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bowbells, a household making less than $2,027 a month would be considered overburdened when renting an apartment at or above the median rent. 29.33% of households who rent are overburdened in Bowbells.
Area Median Income In Bowbells
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 Bowbells, the AMI is calculated from all households within Burke County.
In Bowbells, HUD calculates the Area Median Income for a family of four as $124,000
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 Bowbells
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 Bowbells
| 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 Bowbells AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$23,250 | $26,600 | $29,900 | $33,200 | $35,900 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Bowbells AMI may qualify for rental assistance programs that target Very Low Income households. |
$38,750 | $44,250 | $49,800 | $55,300 | $59,750 | $64,150 | $68,600 | $73,000 |
| 80% AMI Income Limits Renters earning up to 80% of the Bowbells AMI may qualify for rental assistance programs that target Low Income households. |
$61,950 | $70,800 | $79,650 | $88,500 | $95,600 | $102,700 | $109,750 | $116,850 |
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