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 RockvilleĪffordable housing program eligibility is always determined by one's income. In Rockville, a household making less than $6,017 a month would be considered overburdened when renting an apartment at or above the median rent.Ĥ6.39% of households who rent are overburdened in Rockville. Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. The median gross income for households in Rockville is $100,239 a year, or $8,353 a month. 41.04% of households in Rockville are renters. There are 24,755 households in the city with an average household size of 2.56 persons. Rockville is a city in Montgomery County, Maryland with a population of 64,331. ± 3.42pp Total Population 64,331 Population and Household Demographics ±$46 Percentage Of Renters Overburdened 46.39% Total Affordable Apartment Properties 19 Total Low Income Apartments 2,239 Total Housing Units with Rental Assistance 1,278 Percentage of Housing Units Occupied By Renters 41.04% Average Renter Household Size 2.32 Average Household Size 2.56 Median Household Income $100,239 Rockville, MD Affordable Housing Snapshot 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 Rockville, Maryland 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 Rockville, Maryland for a two-bedroom apartment is between $1,654 and $2,022. The average voucher holder contributes $500 towards rent in Rockville. On average, Section 8 Housing Choice vouchers pay Rockville landlords $1,500 per month towards rent. Housing Choice Vouchers in Rockville, Maryland There are 961 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rockville. Low Rent Apartments in Rockville, Maryland Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities. Rockville features 1,278 income based apartments. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all activity in the market.Rockville, Maryland Affordable Housing Data Income Based Apartments in Rockville, Maryland Please contact us if you cannot properly experience this site. BEX Realty is an equal housing opportunity real estate broker and along with its individual brokers, Realtors® and real estate agents, specializes in luxury waterfront and golf and country club property in Maryland. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. The Maryland Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Information provided is thought to be reliable but is not guaranteed to be accurate, so you are advised to verify facts that are important to you and no warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The detailed listing page about such properties includes the name of the listing Brokers. The listings displayed may not be all of the Apartments in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program and properties that are listed by Brokers other than this Broker are marked with either the listing Broker's name or the MLS name or a logo provided by the MLS. The listing data on this website comes in part from a cooperative data exchange program of the multiple listing service (MLS) or additional real estate data sources in which this real estate Broker participates.
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