; Low Income Apartments For Rent in Idamay, WV

Parkridge I

Spruce St
Idamay, West Virginia
Subsidized
PBRA
Showing Results 1-15
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There are 0 low-income apartments in Idamay that offer reduced rents to eligible households.

Rental assistance programs support 8 low-income homes in Idamay where households pay rent based on how much they earn.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Idamay, West Virginia Affordable Housing Data

Income Based Apartments in Idamay, West Virginia

Idamay features 8 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 Idamay, West Virginia

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Idamay.

Housing Choice Vouchers in Idamay, West Virginia

On average, Section 8 Housing Choice vouchers pay Idamay landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Idamay.

The maximum amount a voucher would pay on behalf of a low-income tenant in Idamay, West Virginia for a two-bedroom apartment is between $1,036 and $1,266.

2024 Idamay, West 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
Idamay, West Virginia Fair Market Rent $911 $916 $1,151 $1,573 $1,953
Idamay, West Virginia Payment Standard Range $820 to $1,002 $824 to $1,008 $1,036 to $1,266 $1,416 to $1,730 $1,758 to $2,148

Sourced from federal housing data and AffordableHousingOnline.com research.

Idamay, WV Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 8
Total Housing Units with Rental Assistance 8
Percentage of Housing Units Occupied By Renters %
Average Renter Household Size 0.00
Average Household Size 2.17
Median Household Income $40,370 ±$35,734
Median Rent $0 ±$0
Total Population 204

Population and Household Demographics

Idamay is a city in Berkeley County, West Virginia with a population of 204. There are 94 households in the city with an average household size of 2.17 persons. % of households in Idamay are renters.

Income and Rent Overburden in Idamay

The median gross income for households in Idamay is $40,370 a year, or $3,364 a month. The median rent for the city is $0 a month.

Area Median Income In Idamay

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 Idamay, the AMI is calculated from all households within Berkeley County.

In Idamay, HUD calculates the Area Median Income for a family of four as $90,300

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 Idamay

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 Idamay

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 Idamay AMI may qualify for rental assistance programs that target Extremely Low Income households.
$16,000 $19,720 $24,860 $30,000 $35,140 $40,280 $45,420 $50,300
50% AMI Income Limits
Renters earning up to 50% of the Idamay AMI may qualify for rental assistance programs that target Very Low Income households.
$26,700 $30,500 $34,300 $38,100 $41,150 $44,200 $47,250 $50,300
80% AMI Income Limits
Renters earning up to 80% of the Idamay AMI may qualify for rental assistance programs that target Low Income households.
$42,700 $48,800 $54,900 $60,950 $65,850 $70,750 $75,600 $80,500