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There are 9 low-income apartments in Bainbridge Island that offer reduced rents to eligible households. Low-income rents in Bainbridge Island, Washington can range from $665 to $915 depending on the number of bedrooms.
Rental assistance programs support 176 low-income homes in Bainbridge Island where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $340 towards rent each month.
Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Bainbridge Island, Washington
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 |
|---|---|
| Housing Kitsap | Section 8 Housing Choice Voucher (HCV); Public Housing |
| Bremerton Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
Bainbridge Island, Washington Affordable Housing Data
Income Based Apartments in Bainbridge Island, Washington
Bainbridge Island features 176 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 Bainbridge Island, Washington
There are 9 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bainbridge Island.
Housing Choice Vouchers in Bainbridge Island, Washington
On average, Section 8 Housing Choice vouchers pay Bainbridge Island landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Bainbridge Island.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bainbridge Island, Washington for a two-bedroom apartment is between $1,844 and $2,254.
2024 Bainbridge Island, Washington 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 | |
|---|---|---|---|---|---|
| Bainbridge Island, Washington Fair Market Rent | $1,389 | $1,559 | $2,049 | $2,698 | $3,181 |
| Bainbridge Island, Washington Payment Standard Range | $1,250 to $1,528 | $1,403 to $1,715 | $1,844 to $2,254 | $2,428 to $2,968 | $2,863 to $3,499 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Bainbridge Island, WA Affordable Housing Snapshot
| Total Affordable Apartment Properties | 5 |
|---|---|
| Total Low Income Apartments | 185 |
| Total Housing Units with Rental Assistance | 176 |
| Percentage of Housing Units Occupied By Renters | 24.19% |
| Average Renter Household Size | 2.14 |
| Average Household Size | 2.45 |
| Median Household Income | $101,689 ±$7,083 |
| Median Rent | $1,138 ±$85 |
| Percentage Of Renters Overburdened | 35.51% ± 8.12pp |
| Total Population | 23,343 |
Population and Household Demographics
Bainbridge Island is a city in Kitsap County, Washington with a population of 23,343. There are 9,475 households in the city with an average household size of 2.45 persons. 24.19% of households in Bainbridge Island are renters.
Income and Rent Overburden in Bainbridge Island
The median gross income for households in Bainbridge Island is $101,689 a year, or $8,474 a month. The median rent for the city is $1,138 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bainbridge Island, a household making less than $3,793 a month would be considered overburdened when renting an apartment at or above the median rent. 35.51% of households who rent are overburdened in Bainbridge Island.
Area Median Income In Bainbridge Island
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 Bainbridge Island, the AMI is calculated from all households within Kitsap County.
In Bainbridge Island, HUD calculates the Area Median Income for a family of four as $113,500
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 Bainbridge Island
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 Bainbridge Island
| 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 Bainbridge Island AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$22,900 | $26,150 | $29,400 | $32,650 | $35,300 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Bainbridge Island AMI may qualify for rental assistance programs that target Very Low Income households. |
$38,150 | $43,600 | $49,050 | $54,450 | $58,850 | $63,200 | $67,550 | $71,900 |
| 80% AMI Income Limits Renters earning up to 80% of the Bainbridge Island AMI may qualify for rental assistance programs that target Low Income households. |
$61,000 | $69,700 | $78,400 | $87,100 | $94,100 | $101,050 | $108,050 | $115,000 |
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