Apply to Grand Isle County Apartment Waiting Lists
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There are 16 low-income apartments in Grand Isle County that offer reduced rents to eligible households.
Rental assistance programs support 53 low-income homes in Grand Isle County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $457 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 Grand Isle County, Vermont
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 |
|---|---|
| Vermont State Housing Authority | Section 8 Housing Choice Voucher (HCV) |
Grand Isle County, Vermont Affordable Housing Data
Income Based Apartments in Grand Isle County, Vermont
Grand Isle County 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 Grand Isle County, Vermont
There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grand Isle County.
Housing Choice Vouchers in Grand Isle County, Vermont
On average, Section 8 Housing Choice vouchers pay Grand Isle County landlords $700 per month towards rent. The average voucher holder contributes $500 towards rent in Grand Isle County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Grand Isle County, Vermont for a two-bedroom apartment is between $1,698 and $2,076.
2024 Grand Isle County, Vermont 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 | |
|---|---|---|---|---|---|
| Grand Isle County, Vermont Fair Market Rent | $1,341 | $1,441 | $1,887 | $2,390 | $2,513 |
| Grand Isle County, Vermont Payment Standard Range | $1,207 to $1,475 | $1,297 to $1,585 | $1,698 to $2,076 | $2,151 to $2,629 | $2,262 to $2,764 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Grand Isle County, VT Affordable Housing Snapshot
| Total Affordable Apartment Properties | 4 |
|---|---|
| Total Low Income Apartments | 69 |
| Total Housing Units with Rental Assistance | 53 |
| Percentage of Housing Units Occupied By Renters | 20.61% |
| Average Renter Household Size | 2.28 |
| Average Household Size | 2.34 |
| Median Household Income | $62,608 ±$2,549 |
| Median Rent | $1,039 ±$108 |
| Percentage Of Renters Overburdened | 51.06% ± 11.11pp |
| Total Population | 6,952 |
Population and Household Demographics
Grand Isle County is a county in Vermont with a population of 6,952. There are 2,965 households in the county with an average household size of 2.34 persons. 20.61% of households in Grand Isle County are renters.
Income and Rent Overburden in Grand Isle County
The median gross income for households in Grand Isle County is $62,608 a year, or $5,217 a month. The median rent for the county is $1,039 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Grand Isle County, a household making less than $3,463 a month would be considered overburdened when renting an apartment at or above the median rent. 51.06% of households who rent are overburdened in Grand Isle County.
Area Median Income In Grand Isle 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 Grand Isle County, HUD calculates the Area Median Income for a family of four as $115,700
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 Grand Isle 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 Grand Isle 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 Grand Isle County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$23,900 | $27,300 | $30,700 | $34,100 | $36,850 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Grand Isle County AMI may qualify for rental assistance programs that target Very Low Income households. |
$39,800 | $45,450 | $51,150 | $56,800 | $61,350 | $65,900 | $70,450 | $75,000 |
| 80% AMI Income Limits Renters earning up to 80% of the Grand Isle County AMI may qualify for rental assistance programs that target Low Income households. |
$63,600 | $72,700 | $81,800 | $90,850 | $98,150 | $105,400 | $112,700 | $119,950 |
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