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Neshobe House
Adele-Stanley Apts
Autumn Leaves the Fucci Co
Union and Barlowfam Housing CO Housing Trst of Rutland County
Rutland Rehab Phase II
There are 352 low-income apartments in Rutland County that offer reduced rents to eligible households.
Rental assistance programs support 881 low-income homes in Rutland County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $363 towards rent each month.
Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Rutland 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) |
Rutland County, Vermont Affordable Housing Data
Income Based Apartments in Rutland County, Vermont
Rutland County features 881 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 Rutland County, Vermont
There are 352 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rutland County.
Housing Choice Vouchers in Rutland County, Vermont
On average, Section 8 Housing Choice vouchers pay Rutland County landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Rutland County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Rutland County, Vermont for a two-bedroom apartment is between $1,102 and $1,346.
2024 Rutland 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 | |
|---|---|---|---|---|---|
| Rutland County, Vermont Fair Market Rent | $991 | $997 | $1,224 | $1,561 | $2,004 |
| Rutland County, Vermont Payment Standard Range | $892 to $1,090 | $897 to $1,097 | $1,102 to $1,346 | $1,405 to $1,717 | $1,804 to $2,204 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Rutland County, VT Affordable Housing Snapshot
| Total Affordable Apartment Properties | 45 |
|---|---|
| Total Low Income Apartments | 1,235 |
| Total Housing Units with Rental Assistance | 881 |
| Percentage of Housing Units Occupied By Renters | 29.93% |
| Average Renter Household Size | 2.10 |
| Average Household Size | 2.29 |
| Median Household Income | $49,372 ±$1,961 |
| Median Rent | $785 ±$26 |
| Percentage Of Renters Overburdened | 47.41% ± 4.07pp |
| Total Population | 60,530 |
Population and Household Demographics
Rutland County is a county in Vermont with a population of 60,530. There are 25,459 households in the county with an average household size of 2.29 persons. 29.93% of households in Rutland County are renters.
Income and Rent Overburden in Rutland County
The median gross income for households in Rutland County is $49,372 a year, or $4,114 a month. The median rent for the county is $785 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Rutland County, a household making less than $2,617 a month would be considered overburdened when renting an apartment at or above the median rent. 47.41% of households who rent are overburdened in Rutland County.
Area Median Income In Rutland 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 Rutland County, HUD calculates the Area Median Income for a family of four as $88,800
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 Rutland 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 Rutland 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 Rutland County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$19,050 | $21,800 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Rutland County AMI may qualify for rental assistance programs that target Very Low Income households. |
$31,750 | $36,300 | $40,850 | $45,350 | $49,000 | $52,650 | $56,250 | $59,900 |
| 80% AMI Income Limits Renters earning up to 80% of the Rutland County AMI may qualify for rental assistance programs that target Low Income households. |
$50,800 | $58,050 | $65,300 | $72,550 | $78,400 | $84,200 | $90,000 | $95,800 |
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