Low Income Apartments For Rent in Fort Washakie, WY

Affordable rent data for some communities last confirmed on October 9th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Fort Washakie, Wyoming Affordable Housing Data

Income Based Apartments in Fort Washakie, Wyoming

Fort Washakie features 0 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 Fort Washakie, Wyoming

There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fort Washakie.

Housing Choice Vouchers in Fort Washakie, Wyoming

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Fort Washakie, Wyoming for a two-bedroom apartment is between $922 and $1,126.

2024 Fort Washakie, 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
Fort Washakie, Wyoming Fair Market Rent	$774	$779	$1,024	$1,434	$1,559
Fort Washakie, Wyoming Payment Standard Range	$697 to $851	$701 to $857	$922 to $1,126	$1,291 to $1,577	$1,403 to $1,715

Sourced from federal housing data and AffordableHousingOnline.com research.

Fort Washakie, WY Affordable Housing Snapshot

Total Affordable Apartment Properties 2

Total Low Income Apartments 60

Total Housing Units with Rental Assistance 0

Percentage of Housing Units Occupied By Renters 47.52%

Average Renter Household Size 3.81

Average Household Size 3.76

Median Household Income $41,875 ±$8,943

Median Rent $457 ±$53

Percentage Of Renters Overburdened 6.52% ± 7.04pp

Total Population 1,861

Total Affordable Apartment Properties	2
Total Low Income Apartments	60
Total Housing Units with Rental Assistance	0
Percentage of Housing Units Occupied By Renters	47.52%
Average Renter Household Size	3.81
Average Household Size	3.76
Median Household Income	$41,875 ±$8,943
Median Rent	$457 ±$53
Percentage Of Renters Overburdened	6.52% ± 7.04pp
Total Population	1,861

Population and Household Demographics

Fort Washakie is a city in Fremont County, Wyoming with a population of 1,861. There are 484 households in the city with an average household size of 3.76 persons. 47.52% of households in Fort Washakie are renters.

Income and Rent Overburden in Fort Washakie

The median gross income for households in Fort Washakie is $41,875 a year, or $3,490 a month. The median rent for the city is $457 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fort Washakie, a household making less than $1,523 a month would be considered overburdened when renting an apartment at or above the median rent. 6.52% of households who rent are overburdened in Fort Washakie.

Area Median Income In Fort Washakie

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 Fort Washakie, the AMI is calculated from all households within Fremont County.

In Fort Washakie, HUD calculates the Area Median Income for a family of four as $81,000

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 Fort Washakie

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 Fort Washakie

	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 Fort Washakie 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 Fort Washakie 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 Fort Washakie 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