; Low Income Apartments For Rent in Ravenswood, WV

Apply to Ravenswood Apartment Waiting Lists

Mulberry Place Apartments

301 Sand St
Ravenswood, West Virginia
Subsidized
Rent Assisted
Senior
Supportive
LIHTC
S515
RDRA

Mulberry Place

310 Sand St
Ravenswood, West Virginia
Subsidized
Rent Assisted
Senior
Supportive
S515
RDRA

Ravenswoood Station

510 S Ritchie Ave
Ravenswood, West Virginia
Subsidized
PBRA
BMIR
Showing Results 1-15
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There are 0 low-income apartments in Ravenswood that offer reduced rents to eligible households.

Rental assistance programs support 157 low-income homes in Ravenswood where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $-5 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.

Public Housing Agencies Serving Ravenswood, West 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
Housing Authority of the County of Jackson Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the West Virginia Public Housing and Low-Income Apartments Waiting Lists page for openings near Ravenswood.

Ravenswood, West Virginia Affordable Housing Data

Income Based Apartments in Ravenswood, West Virginia

Ravenswood features 157 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 Ravenswood, West Virginia

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

Housing Choice Vouchers in Ravenswood, West Virginia

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Ravenswood, West Virginia for a two-bedroom apartment is between $763 and $933.

2024 Ravenswood, 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
Ravenswood, West Virginia Fair Market Rent $620 $707 $848 $1,181 $1,210
Ravenswood, West Virginia Payment Standard Range $558 to $682 $636 to $778 $763 to $933 $1,063 to $1,299 $1,089 to $1,331

Sourced from federal housing data and AffordableHousingOnline.com research.

Ravenswood, WV Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 157
Total Housing Units with Rental Assistance 157
Percentage of Housing Units Occupied By Renters 43.16%
Average Renter Household Size 2.93
Average Household Size 2.45
Median Household Income $30,546 ±$6,335
Median Rent $620 ±$79
Percentage Of Renters Overburdened 42.3% ± 16.18pp
Total Population 3,853

Population and Household Demographics

Ravenswood is a city in Jackson County, West Virginia with a population of 3,853. There are 1,550 households in the city with an average household size of 2.45 persons. 43.16% of households in Ravenswood are renters.

Income and Rent Overburden in Ravenswood

The median gross income for households in Ravenswood is $30,546 a year, or $2,546 a month. The median rent for the city is $620 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Ravenswood, a household making less than $2,067 a month would be considered overburdened when renting an apartment at or above the median rent. 42.3% of households who rent are overburdened in Ravenswood.

Area Median Income In Ravenswood

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 Ravenswood, the AMI is calculated from all households within Jackson County.

In Ravenswood, HUD calculates the Area Median Income for a family of four as $76,800

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 Ravenswood

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 Ravenswood

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 Ravenswood AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,350 $19,720 $24,860 $30,000 $35,140 $40,280 $45,300 $48,200
50% AMI Income Limits
Renters earning up to 50% of the Ravenswood AMI may qualify for rental assistance programs that target Very Low Income households.
$25,550 $29,200 $32,850 $36,500 $39,450 $42,350 $45,300 $48,200
80% AMI Income Limits
Renters earning up to 80% of the Ravenswood AMI may qualify for rental assistance programs that target Low Income households.
$40,900 $46,750 $52,600 $58,400 $63,100 $67,750 $72,450 $77,100