Low Income Apartments For Rent in Exton, PA

Rental assistance programs support 0 low-income homes in Exton where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $-4 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 Exton, Pennsylvania

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
Housing Authority of the County of Chester	Section 8 Housing Choice Voucher (HCV); Public Housing

Go to the Pennsylvania Public Housing and Low-Income Apartments Waiting Lists page for openings near Exton.

Exton, Pennsylvania Affordable Housing Data

Income Based Apartments in Exton, Pennsylvania

Exton features 0 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 Exton, Pennsylvania

There are 71 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Exton.

Housing Choice Vouchers in Exton, Pennsylvania

On average, Section 8 Housing Choice vouchers pay Exton landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Exton.

The maximum amount a voucher would pay on behalf of a low-income tenant in Exton, Pennsylvania for a two-bedroom apartment is between $1,563 and $1,911.

2024 Exton, Pennsylvania 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
Exton, Pennsylvania Fair Market Rent	$1,303	$1,451	$1,737	$2,100	$2,422
Exton, Pennsylvania Payment Standard Range	$1,173 to $1,433	$1,306 to $1,596	$1,563 to $1,911	$1,890 to $2,310	$2,180 to $2,664

Sourced from federal housing data and AffordableHousingOnline.com research.

Exton, PA Affordable Housing Snapshot

Total Affordable Apartment Properties 3

Total Low Income Apartments 71

Total Housing Units with Rental Assistance 0

Percentage of Housing Units Occupied By Renters 58.61%

Average Renter Household Size 1.93

Average Household Size 2.29

Median Household Income $76,051 ±$8,105

Median Rent $1,451 ±$117

Percentage Of Renters Overburdened 39.38% ± 10.76pp

Total Population 4,772

Total Affordable Apartment Properties	3
Total Low Income Apartments	71
Total Housing Units with Rental Assistance	0
Percentage of Housing Units Occupied By Renters	58.61%
Average Renter Household Size	1.93
Average Household Size	2.29
Median Household Income	$76,051 ±$8,105
Median Rent	$1,451 ±$117
Percentage Of Renters Overburdened	39.38% ± 10.76pp
Total Population	4,772

Population and Household Demographics

Exton is a city in Chester County, Pennsylvania with a population of 4,772. There are 2,080 households in the city with an average household size of 2.29 persons. 58.61% of households in Exton are renters.

Income and Rent Overburden in Exton

The median gross income for households in Exton is $76,051 a year, or $6,338 a month. The median rent for the city is $1,451 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Exton, a household making less than $4,837 a month would be considered overburdened when renting an apartment at or above the median rent. 39.38% of households who rent are overburdened in Exton.

Area Median Income In Exton

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 Exton, the AMI is calculated from all households within Chester County.

In Exton, HUD calculates the Area Median Income for a family of four as $114,400

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 Exton

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 Exton

	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 Exton AMI may qualify for rental assistance programs that target Extremely Low Income households.	$23,450	$26,800	$30,150	$33,500	$36,200	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the Exton AMI may qualify for rental assistance programs that target Very Low Income households.	$39,100	$44,650	$50,250	$55,800	$60,300	$64,750	$69,200	$73,700
80% AMI Income Limits Renters earning up to 80% of the Exton AMI may qualify for rental assistance programs that target Low Income households.	$62,500	$71,400	$80,350	$89,250	$96,400	$103,550	$110,700	$117,850