Low Income Apartments and Affordable Housing For Rent in Salem, OR (2024)

FAQs

What are the requirements for low income housing in Oregon? ›

To qualify for HUD housing assistance, annual household income must be below 50 percent of the median income for that area. Under most HUD programs, seniors pay 30 percent of their annual adjusted income for rent.

The maximum housing assistance is generally the lesser of the payment standard minus 30% of the family's monthly adjusted income or the gross rent for the unit minus 30% of monthly adjusted income.

Salem is a pretty affordable place to live for a modestly sized city, especially when you think about how expensive other cities on the West Coast can be. The cost of living in Salem is 104, compared to the national average index of 100. It's lower than the state's cost of living, which is 114.3.

The median sale price of a home in Salem was $434K last month, up 2.1% since last year. The median sale price per square foot in Salem is $256, down 1.5% since last year.…

For immediate housing crisis call 211 or contact the Coordinated Housing Access (CHA) or call 503-655-8575. The Housing Choice Voucher program (formerly known as Section 8) provides assistance to families that rent units in the private rental housing market.

68% of total rental assistance in the United States goes to seniors, children, and those with disabilities. The U.S. Department of Housing and Urban Development manages Section 8 programs.

The Housing Authority of the City of Los Angeles (HACLA) was established in 1938 by City of Los Angeles Resolution No. 1241. HACLA has grown to become one of the nation's largest and leading public housing authorities, providing the largest supply of quality affordable housing to residents of the City of Los Angeles.

Which part of Salem Oregon is best to live? ›

From historic homes in established neighborhoods to new construction builds in master-planned communities, South Salem is one of the largest areas in the city and is an ideal place to live, work, and play. Living in South Salem puts residents close to shopping centers, schools, nature, and more.

Coos Bay is the city in Oregon with the lowest cost of living. It boasts affordability in terms of food, utilities, and overall expenses, making it an attractive option for those on a budget.

Salem is a charming city in the heart of the Willamette Valley that offers numerous attractions and a vibrant culture. From dozens of wineries to famous outdoor recreation, there's something for everyone.

Home prices in Oregon are rising and will continue to rise till the supply-demand dynamic changes. The number of houses for sale in OR was only 11,568 in January 2024. There is very limited inventory to satiate the demand from house hunters. This also makes it the best time to sell a house in Oregon.

While home buyers in Oregon could still encounter some challenges in 2024, it will likely be a better year for home buying in Oregon. Housing costs have actually come down in most cities across the state due to declining mortgage rates and home prices.

Housing is considered affordable if a household is paying no more than 30% of their gross income on rent or a mortgage.

You may also hear the program referred to as either the “low-income housing tax credit program” or the “rental housing tax credit program.” This is because Section 42 is an affordable housing program established by the federal tax code that allows developers of affordable housing to receive a federal tax credit.

Affordable – Housing is considered to be affordable if a household spends less than 30 percent of its gross income on housing expenses; utilities are considered affordable if a household spends less than six percent of its gross income on utilities.