Low Income Apartments and Affordable Housing For Rent in Ventura, CA (2024)

FAQs

What is considered low income in Ventura? ›

Meet Income Limits

Seventy-five percent of new admissions must have gross annual incomes at or below 30% of the AMI. The U.S. Department of Housing and Urban Development (HUD) determines the AMI yearly. To achieve the required balance, the LACDA may need to skip over otherwise eligible families.

Thus, a working family needs to earn more than $39.17 per hour - or about $81,480 per year – to afford the average rent.

Cost of Living

Food, utilities and transportation costs are similar in both Oxnard and Ventura. However, Oxnard has a higher sales tax rate.....which is 9.25%, while Ventura is 7.75%.

In Ventura County, rents may not be raised by more than 8.8% until August 1, 2022. In Los Angeles County and Ventura County, rents may not be raised over 10% until January 29, 2022 (CA Penal Code 396). 30 days' notice is required for any rent increase under 10%.

Fair Market Rents and Section 8 Landlords

In most cases, the local housing authority, funded by HUD, will pay about 70% of a tenant's rent, while the tenant will pay the other 30%. Fair Market Rents generally determine the maximum rent that a Section 8 landlord will be allowed to charge its residents.

How long is the Section 8 waiting list in California? ›

The wait depends on the rate of turnover in the rental assistance programs and the level of funding made available by HUD. In many cases, you may have to wait 3 to 6 years before your name will reach the top of the List. 5. How can I check my status on the Waiting List?

If you qualify, the agency can cover up to 18 months of rental debt and utilities assistance from April 2020 to March 2022.

The cheapest place to live in California is Fresno. It offers affordable healthcare, which is 6.9% lower than the national average. » 7 Cheapest Places to Live in California: Find out the other cheapest places to live in California!

But just how much does a single person in California need to make to live comfortably? A new study from Smart Asset determined that a person must make at least $ 89,190 to get by comfortably.

The same program rules and regulations for determining eligibility status for Section 8 rental assistance apply to everyone. To be eligible, the household must be either a family or a single person whose income does not exceed the area limits as set by U.S. Department of Housing and Urban Development (HUD).

The average annual household income in Ventura County is $131,015, while the median household income sits at $95,847 per year.

Median Income

In 2022, the median household income of Ventura County households was $102,141. Ventura County households made slightly more than Sonoma County households ($99,266) and Alpine County households ($101,125) . However, 6.0% of Ventura County families live in poverty.

Where you rank by income. According to the Census Bureau's Income in the United States: 2022 report, the median household income is $74,580 (a 2.3% decline from 2021), while household income levels for each class level are as follows: Lower class: less than or equal to $30,000. Lower-middle class: $30,001 – $58,020.