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There are 122 low-income apartments in Nicholas County that offer reduced rents to eligible households. Low-income rents in Nicholas County, West Virginia can range from $450 to $585 depending on the number of bedrooms.
Rental assistance programs support 252 low-income homes in Nicholas County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $266 towards rent each month.
Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Nicholas County, West Virginia Affordable Housing Data
Income Based Apartments in Nicholas County, West Virginia
Nicholas County features 252 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 Nicholas County, West Virginia
There are 122 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Nicholas County.
Housing Choice Vouchers in Nicholas County, West Virginia
On average, Section 8 Housing Choice vouchers pay Nicholas County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Nicholas County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Nicholas County, West Virginia for a two-bedroom apartment is between $763 and $933.
2024 Nicholas County, 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 | |
|---|---|---|---|---|---|
| Nicholas County, West Virginia Fair Market Rent | $679 | $690 | $848 | $1,195 | $1,208 |
| Nicholas County, West Virginia Payment Standard Range | $611 to $747 | $621 to $759 | $763 to $933 | $1,076 to $1,315 | $1,087 to $1,329 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Nicholas County, WV Affordable Housing Snapshot
| Total Affordable Apartment Properties | 11 |
|---|---|
| Total Low Income Apartments | 374 |
| Total Housing Units with Rental Assistance | 252 |
| Percentage of Housing Units Occupied By Renters | 20.83% |
| Average Renter Household Size | 2.04 |
| Average Household Size | 2.39 |
| Median Household Income | $39,171 ±$2,676 |
| Median Rent | $548 ±$32 |
| Percentage Of Renters Overburdened | 25.59% ± 7.2pp |
| Total Population | 25,930 |
Population and Household Demographics
Nicholas County is a county in West Virginia with a population of 25,930. There are 10,787 households in the county with an average household size of 2.39 persons. 20.83% of households in Nicholas County are renters.
Income and Rent Overburden in Nicholas County
The median gross income for households in Nicholas County is $39,171 a year, or $3,264 a month. The median rent for the county is $548 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Nicholas County, a household making less than $1,827 a month would be considered overburdened when renting an apartment at or above the median rent. 25.59% of households who rent are overburdened in Nicholas County.
Area Median Income In Nicholas County
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 Nicholas County, HUD calculates the Area Median Income for a family of four as $63,000
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 Nicholas County
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 Nicholas County
| 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 Nicholas County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$14,580 | $19,720 | $24,860 | $30,000 | $33,950 | $36,450 | $38,950 | $41,450 |
| 50% AMI Income Limits Renters earning up to 50% of the Nicholas County AMI may qualify for rental assistance programs that target Very Low Income households. |
$22,000 | $25,150 | $28,300 | $31,400 | $33,950 | $36,450 | $38,950 | $41,450 |
| 80% AMI Income Limits Renters earning up to 80% of the Nicholas County AMI may qualify for rental assistance programs that target Low Income households. |
$35,200 | $40,200 | $45,250 | $50,250 | $54,300 | $58,300 | $62,350 | $66,350 |
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