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There are 0 low-income apartments in Bon Homme County that offer reduced rents to eligible households.
Rental assistance programs support 85 low-income homes in Bon Homme County 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 October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.
Bon Homme County, South Dakota Affordable Housing Data
Income Based Apartments in Bon Homme County, South Dakota
Bon Homme County features 85 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 Bon Homme County, South Dakota
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bon Homme County.
Housing Choice Vouchers in Bon Homme County, South Dakota
On average, Section 8 Housing Choice vouchers pay Bon Homme County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bon Homme County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bon Homme County, South Dakota for a two-bedroom apartment is between $815 and $996.
2024 Bon Homme County, South 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 | |
|---|---|---|---|---|---|
| Bon Homme County, South Dakota Fair Market Rent | $613 | $712 | $905 | $1,275 | $1,462 |
| Bon Homme County, South Dakota Payment Standard Range | $552 to $674 | $641 to $783 | $815 to $996 | $1,148 to $1,403 | $1,316 to $1,608 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Bon Homme County, SD Affordable Housing Snapshot
| Total Affordable Apartment Properties | 6 |
|---|---|
| Total Low Income Apartments | 85 |
| Total Housing Units with Rental Assistance | 85 |
| Percentage of Housing Units Occupied By Renters | 21.65% |
| Average Renter Household Size | 1.81 |
| Average Household Size | 2.23 |
| Median Household Income | $45,254 ±$3,268 |
| Median Rent | $467 ±$74 |
| Percentage Of Renters Overburdened | 28.12% ± 8.27pp |
| Total Population | 7,013 |
Population and Household Demographics
Bon Homme County is a county in South Dakota with a population of 7,013. There are 2,480 households in the county with an average household size of 2.23 persons. 21.65% of households in Bon Homme County are renters.
Income and Rent Overburden in Bon Homme County
The median gross income for households in Bon Homme County is $45,254 a year, or $3,771 a month. The median rent for the county is $467 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bon Homme County, a household making less than $1,557 a month would be considered overburdened when renting an apartment at or above the median rent. 28.12% of households who rent are overburdened in Bon Homme County.
Area Median Income In Bon Homme 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 Bon Homme County, HUD calculates the Area Median Income for a family of four as $83,200
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 Bon Homme 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 Bon Homme 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 Bon Homme County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$17,800 | $20,350 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Bon Homme County AMI may qualify for rental assistance programs that target Very Low Income households. |
$29,650 | $33,900 | $38,150 | $42,350 | $45,750 | $49,150 | $52,550 | $55,950 |
| 80% AMI Income Limits Renters earning up to 80% of the Bon Homme County AMI may qualify for rental assistance programs that target Low Income households. |
$47,450 | $54,200 | $61,000 | $67,750 | $73,200 | $78,600 | $84,050 | $89,450 |
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