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There are 0 low-income apartments in Big Horn County that offer reduced rents to eligible households.
Rental assistance programs support 57 low-income homes in Big Horn County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.
Affordable rent data for some communities last confirmed on April 23rd, 2021. Subdsidized rents typically change once a year based on federal guidance.
Big Horn County, Wyoming Affordable Housing Data
Income Based Apartments in Big Horn County, Wyoming
Big Horn County features 57 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 Big Horn County, Wyoming
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Big Horn County.
Housing Choice Vouchers in Big Horn County, Wyoming
On average, Section 8 Housing Choice vouchers pay Big Horn County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Big Horn County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Big Horn County, Wyoming for a two-bedroom apartment is between $815 and $996.
2024 Big Horn County, Wyoming 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 | |
|---|---|---|---|---|---|
| Big Horn County, Wyoming Fair Market Rent | $744 | $747 | $905 | $1,133 | $1,430 |
| Big Horn County, Wyoming Payment Standard Range | $670 to $818 | $672 to $822 | $815 to $996 | $1,020 to $1,246 | $1,287 to $1,573 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Big Horn County, WY Affordable Housing Snapshot
| Total Affordable Apartment Properties | 4 |
|---|---|
| Total Low Income Apartments | 57 |
| Total Housing Units with Rental Assistance | 57 |
| Percentage of Housing Units Occupied By Renters | 26.05% |
| Average Renter Household Size | 2.36 |
| Average Household Size | 2.59 |
| Median Household Income | $51,679 ±$2,108 |
| Median Rent | $595 ±$34 |
| Percentage Of Renters Overburdened | 21.88% ± 5.34pp |
| Total Population | 11,895 |
Population and Household Demographics
Big Horn County is a county in Wyoming with a population of 11,895. There are 4,491 households in the county with an average household size of 2.59 persons. 26.05% of households in Big Horn County are renters.
Income and Rent Overburden in Big Horn County
The median gross income for households in Big Horn County is $51,679 a year, or $4,307 a month. The median rent for the county is $595 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Big Horn County, a household making less than $1,983 a month would be considered overburdened when renting an apartment at or above the median rent. 21.88% of households who rent are overburdened in Big Horn County.
Area Median Income In Big Horn 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 Big Horn County, HUD calculates the Area Median Income for a family of four as $83,000
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 Big Horn 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 Big Horn 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 Big Horn County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$19,500 | $22,250 | $25,050 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Big Horn County AMI may qualify for rental assistance programs that target Very Low Income households. |
$32,450 | $37,100 | $41,750 | $46,350 | $50,100 | $53,800 | $57,500 | $61,200 |
| 80% AMI Income Limits Renters earning up to 80% of the Big Horn County AMI may qualify for rental assistance programs that target Low Income households. |
$51,950 | $59,350 | $66,750 | $74,150 | $80,100 | $86,050 | $91,950 | $97,900 |
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