Great Oak Apartments
There are 4,818 low-income apartments in Newport News that offer reduced rents to eligible households. Low-income rents in Newport News, Virginia can range from $462 to $1,082 depending on the number of bedrooms.
Rental assistance programs support 3,990 low-income homes in Newport News where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $377 towards rent each month.
Affordable rent data for some communities last confirmed on July 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Newport News, 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 |
|---|---|
| Newport News Redevelopment and Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
Newport News, Virginia Affordable Housing Data
Income Based Apartments in Newport News, Virginia
Newport News features 3,990 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 Newport News, Virginia
There are 4,818 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Newport News.
Housing Choice Vouchers in Newport News, Virginia
On average, Section 8 Housing Choice vouchers pay Newport News landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Newport News.
The maximum amount a voucher would pay on behalf of a low-income tenant in Newport News, Virginia for a two-bedroom apartment is between $1,344 and $1,642.
2024 Newport News, 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 | |
|---|---|---|---|---|---|
| Newport News, Virginia Fair Market Rent | $1,279 | $1,287 | $1,493 | $2,079 | $2,532 |
| Newport News, Virginia Payment Standard Range | $1,151 to $1,407 | $1,158 to $1,416 | $1,344 to $1,642 | $1,871 to $2,287 | $2,279 to $2,785 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Newport News, VA Affordable Housing Snapshot
| Total Affordable Apartment Properties | 133 |
|---|---|
| Total Low Income Apartments | 8,885 |
| Total Housing Units with Rental Assistance | 3,990 |
| Percentage of Housing Units Occupied By Renters | 49.77% |
| Average Renter Household Size | 2.43 |
| Average Household Size | 2.50 |
| Median Household Income | $50,077 ±$1,054 |
| Median Rent | $964 ±$15 |
| Percentage Of Renters Overburdened | 50.3% ± 2.28pp |
| Total Population | 181,323 |
Population and Household Demographics
Newport News is a city in Virginia with a population of 181,323. There are 69,073 households in the city with an average household size of 2.50 persons. 49.77% of households in Newport News are renters.
Income and Rent Overburden in Newport News
The median gross income for households in Newport News is $50,077 a year, or $4,173 a month. The median rent for the city is $964 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Newport News, a household making less than $3,213 a month would be considered overburdened when renting an apartment at or above the median rent. 50.3% of households who rent are overburdened in Newport News.
Area Median Income In Newport News
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 Newport News, HUD calculates the Area Median Income for a family of four as $100,500
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 Newport News
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 Newport News
| 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 Newport News AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$20,800 | $23,800 | $26,750 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Newport News AMI may qualify for rental assistance programs that target Very Low Income households. |
$34,650 | $39,600 | $44,550 | $49,500 | $53,500 | $57,450 | $61,400 | $65,350 |
| 80% AMI Income Limits Renters earning up to 80% of the Newport News AMI may qualify for rental assistance programs that target Low Income households. |
$55,450 | $63,400 | $71,300 | $79,200 | $85,550 | $91,900 | $98,250 | $104,550 |
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