Clearfield Apartments at Dunlop Far
Colonial Ridge Apartments
There are 438 low-income apartments in Colonial Heights that offer reduced rents to eligible households.
Rental assistance programs support 292 low-income homes in Colonial Heights where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $367 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 Colonial Heights, 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 |
|---|---|
| Central Virginia Resource Corporation - Prince George | Section 8 Housing Choice Voucher (HCV) |
| Chesterfield-Colonial Heights Department of Social Services | - |
Colonial Heights, Virginia Affordable Housing Data
Income Based Apartments in Colonial Heights, Virginia
Colonial Heights features 292 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 Colonial Heights, Virginia
There are 438 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Colonial Heights.
Housing Choice Vouchers in Colonial Heights, Virginia
On average, Section 8 Housing Choice vouchers pay Colonial Heights landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Colonial Heights.
The maximum amount a voucher would pay on behalf of a low-income tenant in Colonial Heights, Virginia for a two-bedroom apartment is between $1,379 and $1,685.
2024 Colonial Heights, 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 | |
|---|---|---|---|---|---|
| Colonial Heights, Virginia Fair Market Rent | $1,328 | $1,365 | $1,532 | $1,959 | $2,393 |
| Colonial Heights, Virginia Payment Standard Range | $1,195 to $1,461 | $1,229 to $1,502 | $1,379 to $1,685 | $1,763 to $2,155 | $2,154 to $2,632 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Colonial Heights, VA Affordable Housing Snapshot
| Total Affordable Apartment Properties | 17 |
|---|---|
| Total Low Income Apartments | 742 |
| Total Housing Units with Rental Assistance | 292 |
| Percentage of Housing Units Occupied By Renters | 37.22% |
| Average Renter Household Size | 2.43 |
| Average Household Size | 2.44 |
| Median Household Income | $50,304 ±$3,528 |
| Median Rent | $940 ±$47 |
| Percentage Of Renters Overburdened | 47.37% ± 5.18pp |
| Total Population | 17,515 |
Population and Household Demographics
Colonial Heights is a city in Virginia with a population of 17,515. There are 7,106 households in the city with an average household size of 2.44 persons. 37.22% of households in Colonial Heights are renters.
Income and Rent Overburden in Colonial Heights
The median gross income for households in Colonial Heights is $50,304 a year, or $4,192 a month. The median rent for the city is $940 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Colonial Heights, a household making less than $3,133 a month would be considered overburdened when renting an apartment at or above the median rent. 47.37% of households who rent are overburdened in Colonial Heights.
Area Median Income In Colonial Heights
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 Colonial Heights, HUD calculates the Area Median Income for a family of four as $109,400
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 Colonial Heights
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 Colonial Heights
| 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 Colonial Heights AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$22,400 | $25,600 | $28,800 | $32,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Colonial Heights AMI may qualify for rental assistance programs that target Very Low Income households. |
$37,350 | $42,650 | $48,000 | $53,300 | $57,600 | $61,850 | $66,100 | $70,400 |
| 80% AMI Income Limits Renters earning up to 80% of the Colonial Heights AMI may qualify for rental assistance programs that target Low Income households. |
$59,750 | $68,250 | $76,800 | $85,300 | $92,150 | $98,950 | $105,800 | $112,600 |
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