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South Dakota - Weskota Apartments
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There are 0 low-income apartments in Wessington Springs that offer reduced rents to eligible households.
Rental assistance programs support 53 low-income homes in Wessington Springs 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.
Public Housing Agencies Serving Wessington Springs, South Dakota
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 |
|---|---|
| Wessington Springs Housing And Redevelopment Commission | Section 8 Housing Choice Voucher (HCV); Public Housing |
Wessington Springs, South Dakota Affordable Housing Data
Income Based Apartments in Wessington Springs, South Dakota
Wessington Springs features 53 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 Wessington Springs, South Dakota
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wessington Springs.
Housing Choice Vouchers in Wessington Springs, South Dakota
On average, Section 8 Housing Choice vouchers pay Wessington Springs landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Wessington Springs.
The maximum amount a voucher would pay on behalf of a low-income tenant in Wessington Springs, South Dakota for a two-bedroom apartment is between $870 and $1,064.
2024 Wessington Springs, 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 | |
|---|---|---|---|---|---|
| Wessington Springs, South Dakota Fair Market Rent | $655 | $736 | $967 | $1,280 | $1,554 |
| Wessington Springs, South Dakota Payment Standard Range | $590 to $721 | $662 to $810 | $870 to $1,064 | $1,152 to $1,408 | $1,399 to $1,709 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Wessington Springs, SD Affordable Housing Snapshot
| Total Affordable Apartment Properties | 4 |
|---|---|
| Total Low Income Apartments | 53 |
| Total Housing Units with Rental Assistance | 53 |
| Percentage of Housing Units Occupied By Renters | 28.93% |
| Average Renter Household Size | 1.84 |
| Average Household Size | 2.00 |
| Median Household Income | $42,458 ±$4,135 |
| Median Rent | $529 ±$61 |
| Percentage Of Renters Overburdened | 17.24% ± 11.96pp |
| Total Population | 842 |
Population and Household Demographics
Wessington Springs is a city in Jerauld County, South Dakota with a population of 842. There are 401 households in the city with an average household size of 2.00 persons. 28.93% of households in Wessington Springs are renters.
Income and Rent Overburden in Wessington Springs
The median gross income for households in Wessington Springs is $42,458 a year, or $3,538 a month. The median rent for the city is $529 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wessington Springs, a household making less than $1,763 a month would be considered overburdened when renting an apartment at or above the median rent. 17.24% of households who rent are overburdened in Wessington Springs.
Area Median Income In Wessington Springs
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 Wessington Springs, the AMI is calculated from all households within Jerauld County.
In Wessington Springs, HUD calculates the Area Median Income for a family of four as $87,100
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 Wessington Springs
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 Wessington Springs
| 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 Wessington Springs AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$17,450 | $19,950 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Wessington Springs AMI may qualify for rental assistance programs that target Very Low Income households. |
$29,050 | $33,200 | $37,350 | $41,500 | $44,850 | $48,150 | $51,500 | $54,800 |
| 80% AMI Income Limits Renters earning up to 80% of the Wessington Springs AMI may qualify for rental assistance programs that target Low Income households. |
$46,500 | $53,150 | $59,800 | $66,400 | $71,750 | $77,050 | $82,350 | $87,650 |
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