How many renters live in Castleberry, Alabama?
The City of Castleberry has 350 people living in 156 households.
There are 69 renters living in 48 renter households in this City. Renters make up 19.71 percent of the population living in Castleberry.
What is the rental market like in Castleberry, Alabama?
There are an estimated 256 housing units in the Castleberry area. Of these, 48 units are rental homes, making up 19 percent of the housing market. For every renter household in Castleberry, Alabama, there are 1 rental units.
What is the vacancy rate for rentals in Castleberry?
The rental vacancy rate in Castleberry is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Castleberry for each bedroom size?
Occupied Rental Units by Size in Castleberry
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 4 | 18 | 22 | 4 |
Occupied Rental Units by Size in Castleberry
A large number of apartments in Castleberry have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Castleberry are overburdened by housing costs?
Among renter households in this market, 44 percent have housing cost burden. Further, 44 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Castleberry
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $642 to $1,283. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $642 |
| One BR | $666 |
| Two BR | $857 |
| Three BR | $1,208 |
| Four BR | $1,283 |
2024 Fair Market Rents in Castleberry, Alabama
How many units are rented at Fair Market Rent (FMR) in Castleberry?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| One BR | 3 | 75 percent |
| Two BR | 18 | 100 percent |
Rental Units Below FMR in Castleberry, Alabama
How many affordable rental units are in Castleberry?
There are a variety of federal affordable housing programs serving households in Castleberry, Alabama including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 24 |
| Section 202 Supportive Housing for the Elderly | 1 |
| USDA Section 515 Rural Rental Housing | 48 |
Tracked Units by Federal Program in Castleberry, Alabama
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Castleberry, Alabama
Castleberry features 24 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Castleberry, Alabama
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Castleberry.
Housing Choice Vouchers in Castleberry, Alabama
On average, Section 8 Housing Choice vouchers pay Castleberry landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Castleberry.
The maximum amount a voucher would pay on behalf of a low-income tenant in Castleberry, Alabama for a two-bedroom apartment is between $771 and $943.
Sourced from federal housing data and AffordableHousingOnline.com research.
