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There are 175 low-income apartments in Bristol that offer reduced rents to eligible households.
Rental assistance programs support 679 low-income homes in Bristol where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $289 towards rent each month.
Affordable rent data for some communities last confirmed on June 21st, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Bristol, Virginia
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 |
|---|---|
| Bristol Redevelopment and Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing; Moving to Work |
Bristol, Virginia Affordable Housing Data
Income Based Apartments in Bristol, Virginia
Bristol features 679 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 Bristol, Virginia
There are 175 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bristol.
Housing Choice Vouchers in Bristol, Virginia
On average, Section 8 Housing Choice vouchers pay Bristol landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Bristol.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bristol, Virginia for a two-bedroom apartment is between $815 and $996.
2024 Bristol, Virginia 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 | |
|---|---|---|---|---|---|
| Bristol, Virginia Fair Market Rent | $677 | $717 | $905 | $1,179 | $1,335 |
| Bristol, Virginia Payment Standard Range | $609 to $745 | $645 to $789 | $815 to $996 | $1,061 to $1,297 | $1,202 to $1,469 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Bristol, VA Affordable Housing Snapshot
| Total Affordable Apartment Properties | 14 |
|---|---|
| Total Low Income Apartments | 854 |
| Total Housing Units with Rental Assistance | 679 |
| Percentage of Housing Units Occupied By Renters | 44.84% |
| Average Renter Household Size | 2.34 |
| Average Household Size | 2.22 |
| Median Household Income | $35,368 ±$3,636 |
| Median Rent | $649 ±$39 |
| Percentage Of Renters Overburdened | 48.22% ± 7.02pp |
| Total Population | 17,524 |
Population and Household Demographics
Bristol is a city in Virginia with a population of 17,524. There are 7,718 households in the city with an average household size of 2.22 persons. 44.84% of households in Bristol are renters.
Income and Rent Overburden in Bristol
The median gross income for households in Bristol is $35,368 a year, or $2,947 a month. The median rent for the city is $649 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bristol, a household making less than $2,163 a month would be considered overburdened when renting an apartment at or above the median rent. 48.22% of households who rent are overburdened in Bristol.
Area Median Income In Bristol
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 Bristol, HUD calculates the Area Median Income for a family of four as $74,600
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 Bristol
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 Bristol
| 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 Bristol AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$14,850 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $43,750 | $46,550 |
| 50% AMI Income Limits Renters earning up to 50% of the Bristol AMI may qualify for rental assistance programs that target Very Low Income households. |
$24,700 | $28,200 | $31,750 | $35,250 | $38,100 | $40,900 | $43,750 | $46,550 |
| 80% AMI Income Limits Renters earning up to 80% of the Bristol AMI may qualify for rental assistance programs that target Low Income households. |
$39,500 | $45,150 | $50,800 | $56,400 | $60,950 | $65,450 | $69,950 | $74,450 |
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