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. In Frazer, a household making less than $1,210 a month would be considered overburdened when renting an apartment at or above the median rent.ĩ.76% of households who rent are overburdened in Frazer.Īffordable housing program eligibility is always determined by one's income. Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. The median gross income for households in Frazer is $29,500 a year, or $2,458 a month. 56.94% of households in Frazer are renters. There are 72 households in the city with an average household size of 3.39 persons. Percentage of Housing Units Occupied By Rentersįrazer is a city in Valley County, Montana with a population of 244. Total Housing Units with Rental Assistance 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. 2022 Frazer, Montana 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 Frazer, Montana for a two-bedroom apartment is between $681 and $833.
The average voucher holder contributes $0 towards rent in Frazer. On average, Section 8 Housing Choice vouchers pay Frazer landlords $0 per month towards rent. Housing Choice Vouchers in Frazer, Montana There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Frazer. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities. Income Based Apartments in Frazer, Montanaįrazer features 0 income based apartments. There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Frazer, Montana. Guide To Affordable Housing in Frazer, Montana
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