Keswick Apartments II MERGE
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There are 116 low-income apartments in Spotsylvania Courthouse that offer reduced rents to eligible households.
Rental assistance programs support 0 low-income homes in Spotsylvania Courthouse where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $381 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 Spotsylvania Courthouse, 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 Housing Coalition | Section 8 Housing Choice Voucher (HCV) |
| Virginia Housing | Section 8 Housing Choice Voucher (HCV) |
Spotsylvania Courthouse, Virginia Affordable Housing Data
Income Based Apartments in Spotsylvania Courthouse, Virginia
Spotsylvania Courthouse features 0 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 Spotsylvania Courthouse, Virginia
There are 116 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Spotsylvania Courthouse.
Housing Choice Vouchers in Spotsylvania Courthouse, Virginia
On average, Section 8 Housing Choice vouchers pay Spotsylvania Courthouse landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Spotsylvania Courthouse.
The maximum amount a voucher would pay on behalf of a low-income tenant in Spotsylvania Courthouse, Virginia for a two-bedroom apartment is between $1,841 and $2,250.
2024 Spotsylvania Courthouse, 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 | |
|---|---|---|---|---|---|
| Spotsylvania Courthouse, Virginia Fair Market Rent | $1,772 | $1,803 | $2,045 | $2,544 | $3,015 |
| Spotsylvania Courthouse, Virginia Payment Standard Range | $1,595 to $1,949 | $1,623 to $1,983 | $1,841 to $2,250 | $2,290 to $2,798 | $2,714 to $3,317 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Spotsylvania Courthouse, VA Affordable Housing Snapshot
| Total Affordable Apartment Properties | 2 |
|---|---|
| Total Low Income Apartments | 117 |
| Total Housing Units with Rental Assistance | 0 |
| Percentage of Housing Units Occupied By Renters | 24.01% |
| Average Renter Household Size | 3.34 |
| Average Household Size | 3.09 |
| Median Household Income | $70,203 ±$13,114 |
| Median Rent | $1,253 ±$177 |
| Percentage Of Renters Overburdened | 65% ± 23.64pp |
| Total Population | 4,382 |
Population and Household Demographics
Spotsylvania Courthouse is a city in Spotsylvania County, Virginia with a population of 4,382. There are 1,416 households in the city with an average household size of 3.09 persons. 24.01% of households in Spotsylvania Courthouse are renters.
Income and Rent Overburden in Spotsylvania Courthouse
The median gross income for households in Spotsylvania Courthouse is $70,203 a year, or $5,850 a month. The median rent for the city is $1,253 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Spotsylvania Courthouse, a household making less than $4,177 a month would be considered overburdened when renting an apartment at or above the median rent. 65% of households who rent are overburdened in Spotsylvania Courthouse.
Area Median Income In Spotsylvania Courthouse
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.
HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Spotsylvania Courthouse, the AMI is calculated from all households within Spotsylvania County.
In Spotsylvania Courthouse, HUD calculates the Area Median Income for a family of four as $152,100
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 Spotsylvania Courthouse
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 Spotsylvania Courthouse
| 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 Spotsylvania Courthouse AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$31,650 | $36,200 | $40,700 | $45,200 | $48,850 | $52,450 | $56,050 | $59,700 |
| 50% AMI Income Limits Renters earning up to 50% of the Spotsylvania Courthouse AMI may qualify for rental assistance programs that target Very Low Income households. |
$52,750 | $60,300 | $67,850 | $75,350 | $81,400 | $87,450 | $93,450 | $99,500 |
| 80% AMI Income Limits Renters earning up to 80% of the Spotsylvania Courthouse AMI may qualify for rental assistance programs that target Low Income households. |
$66,750 | $76,250 | $85,800 | $95,300 | $102,950 | $110,550 | $118,200 | $125,800 |
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