Medical Lake
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There are 4 low-income apartments in Medical Lake that offer reduced rents to eligible households. Low-income rents in Medical Lake, Washington can range from $271 to $416 depending on the number of bedrooms.
Rental assistance programs support 48 low-income homes in Medical Lake where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $287 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 Medical Lake, 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 |
|---|---|
| Spokane Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-Sufficiency; Moving to Work |
Medical Lake, Washington Affordable Housing Data
Income Based Apartments in Medical Lake, Washington
Medical Lake features 48 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 Medical Lake, Washington
There are 4 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Medical Lake.
Housing Choice Vouchers in Medical Lake, Washington
On average, Section 8 Housing Choice vouchers pay Medical Lake landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Medical Lake.
The maximum amount a voucher would pay on behalf of a low-income tenant in Medical Lake, Washington for a two-bedroom apartment is between $1,174 and $1,434.
2024 Medical Lake, 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 | |
|---|---|---|---|---|---|
| Medical Lake, Washington Fair Market Rent | $890 | $1,012 | $1,304 | $1,835 | $2,131 |
| Medical Lake, Washington Payment Standard Range | $801 to $979 | $911 to $1,113 | $1,174 to $1,434 | $1,652 to $2,019 | $1,918 to $2,344 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Medical Lake, WA Affordable Housing Snapshot
| Total Affordable Apartment Properties | 3 |
|---|---|
| Total Low Income Apartments | 53 |
| Total Housing Units with Rental Assistance | 48 |
| Percentage of Housing Units Occupied By Renters | 37.59% |
| Average Renter Household Size | 1.95 |
| Average Household Size | 2.42 |
| Median Household Income | $41,542 ±$8,277 |
| Median Rent | $626 ±$92 |
| Percentage Of Renters Overburdened | 53.61% ± 20.79pp |
| Total Population | 4,924 |
Population and Household Demographics
Medical Lake is a city in Spokane County, Washington with a population of 4,924. There are 1,732 households in the city with an average household size of 2.42 persons. 37.59% of households in Medical Lake are renters.
Income and Rent Overburden in Medical Lake
The median gross income for households in Medical Lake is $41,542 a year, or $3,462 a month. The median rent for the city is $626 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Medical Lake, a household making less than $2,087 a month would be considered overburdened when renting an apartment at or above the median rent. 53.61% of households who rent are overburdened in Medical Lake.
Area Median Income In Medical Lake
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 Medical Lake, the AMI is calculated from all households within Spokane County.
In Medical Lake, HUD calculates the Area Median Income for a family of four as $92,100
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 Medical Lake
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 Medical Lake
| 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 Medical Lake AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$18,700 | $21,400 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Medical Lake AMI may qualify for rental assistance programs that target Very Low Income households. |
$31,150 | $35,600 | $40,050 | $44,500 | $48,100 | $51,650 | $55,200 | $58,750 |
| 80% AMI Income Limits Renters earning up to 80% of the Medical Lake AMI may qualify for rental assistance programs that target Low Income households. |
$49,850 | $57,000 | $64,100 | $71,200 | $76,900 | $82,600 | $88,300 | $94,000 |
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