In Gaylord, HUD calculates the Area Median Income for a family of four as $84,500 For Gaylord, the AMI is calculated from all households within Otsego County. 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. The AMI is calculated and published each year by HUD. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. Each household's income is compared to the incomes of all other households in the area. Area Median Income In GaylordĪffordable housing program eligibility is always determined by one's income. In Gaylord, a household making less than $2,177 a month would be considered overburdened when renting an apartment at or above the median rent.ĥ2.21% of households who rent are overburdened in Gaylord. Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. The median gross income for households in Gaylord is $33,036 a year, or $2,753 a month. 48.98% of households in Gaylord are renters. There are 1,709 households in the city with an average household size of 2.02 persons. Gaylord is a city in Otsego County, Michigan with a population of 3,640. ± 15.92pp Total Population 3,640 Population and Household Demographics ±$68 Percentage Of Renters Overburdened 52.21% Total Affordable Apartment Properties 10 Total Low Income Apartments 810 Total Housing Units with Rental Assistance 200 Percentage of Housing Units Occupied By Renters 48.98% Average Renter Household Size 1.69 Average Household Size 2.02 Median Household Income $33,036 Sourced from federal housing data and research. 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. 2023 Gaylord, Michigan Fair Market Rents and Housing Choice Voucher Payment Standardsįair Market Rents can be used to better understand the average housing costs of an area. The maximum amount a voucher would pay on behalf of a low-income tenant in Gaylord, Michigan for a two-bedroom apartment is between $828 and $1,012. The average voucher holder contributes $300 towards rent in Gaylord. On average, Section 8 Housing Choice vouchers pay Gaylord landlords $500 per month towards rent. Housing Choice Vouchers in Gaylord, Michigan There are 610 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gaylord. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities. Gaylord features 200 income based apartments. Gaylord, Michigan Affordable Housing Data Income Based Apartments in Gaylord, Michigan
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |