How many people live in subsidized housing in Petersburg city, VA?
Data updated August 21, 2024
About 3,000 people in 2023, or about 2.1 people per unit. Subsidized housing options vary by location, ranging from high-rise or garden-style apartments to single-family dwellings, duplexes, and more. On average, 2023 residents lived in their units for seven years.
In 2023
2.99K
people lived in subsidized housing in Petersburg city, VA
In 2023
9%
of the Petersburg city, VA population lived in subsidized housing
Federally subsidized rental housing began with 1937’s US Housing Act, which created the United States Housing Authority and provided financial assistance to state and local governments for housing low-income people. Since then, the government has provided housing assistance to low-income renters through programs overseen by the US Department of Housing and Urban Development (HUD).
In Petersburg city, 9.0% of people live in subsidized housing versus the Virginia average of 2.3%.
Share of population living in subsidized housing in 2023, by county
People living in subsidized housing typically have incomes low enough to qualify for housing assistance. HUD classifies households with incomes 50% below the median area household income as extremely low income and those 30% below as very low income. The average household in subsidized housing in Petersburg city, VA earned $14,852 in annual income. Across all subsidized housing, 75% of households earned less than $20,000.
41% of households with subsidies earned $10K–$15K in annual income.
Petersburg city, VA, 2023
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Renters in subsidized housing in Petersburg city, VA, earned income from different sources. Wages, salaries, and business income are the main income source for 23% of households. Welfare, which according to HUD and the Census Bureau includes the Temporary Assistance for Needy Families (TANF) program, general assistance, or emergency assistance payments, is the primary income source for 3% of households. For 69% of households living in subsidized housing, the majority of income comes from other sources. This broad category includes Social Security payments, insurance benefits, pensions, interest or dividends, and payments in lieu of salary like worker’s compensation, severance, unemployment, or disability. The remaining 5% is unaccounted for in the data.
Welfare assistance programs were the primary source of income for 3% of households in subsidized housing.
Petersburg city, VA, 2023
Households living in subsidized housing contribute to their rent. In 2023, households living in subsidized housing in Petersburg city, VA paid average monthly rent of $363, which translates to an average of $4,356 per year, or 29% of the average household’s annual income. HUD contributed $882 per household per month, on average.
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- How did the COVID-19 pandemic change America, according to new Census data? - The percentage of people working from home tripled between 2019 and 2021, while housing got more expensive relative to income.
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
Page sources
USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.
