What HUD offices serve Hamilton, Alabama?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Alabama Public Housing and Low-Income Apartments Waiting Lists page for openings near Hamilton.
How many renters live in Hamilton, Alabama?
The City of Hamilton has 6,880 people living in 2,718 households.
There are 2,593 renters living in 1,134 renter households in this City. Renters make up 37.69 percent of the population living in Hamilton.
What is the rental market like in Hamilton, Alabama?
There are an estimated 3,358 housing units in the Hamilton area. Of these, 1,478 units are rental homes, making up 44 percent of the housing market. For every renter household in Hamilton, Alabama, there are 1 rental units.
What is the vacancy rate for rentals in Hamilton?
The rental vacancy rate in Hamilton is 18 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Hamilton for each bedroom size?
Occupied Rental Units by Size in Hamilton
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 198 | 208 | 536 | 158 | 34 |
Occupied Rental Units by Size in Hamilton
A large number of apartments in Hamilton 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 Hamilton are overburdened by housing costs?
Among renter households in this market, 40 percent have housing cost burden. Further, 9 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 Hamilton
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $581 to $1,454. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $581 |
| One BR | $652 |
| Two BR | $857 |
| Three BR | $1,091 |
| Four BR | $1,454 |
2024 Fair Market Rents in Hamilton, Alabama
How many units are rented at Fair Market Rent (FMR) in Hamilton?
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 |
| Studio | 198 | 100 percent |
| One BR | 187 | 90 percent |
| Two BR | 536 | 100 percent |
Rental Units Below FMR in Hamilton, Alabama
How many affordable rental units are in Hamilton?
There are a variety of federal affordable housing programs serving households in Hamilton, Alabama including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 129 |
| Public Housing | 280 |
| Section 8 Project-Based Rental Assistance | 47 |
| Section 811 Supportive Housing for Persons with Disabilities | 18 |
| USDA Section 515 Rural Rental Housing | 121 |
Tracked Units by Federal Program in Hamilton, Alabama
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Hamilton, Alabama
Hamilton features 404 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 Hamilton, Alabama
There are 142 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hamilton.
Housing Choice Vouchers in Hamilton, Alabama
On average, Section 8 Housing Choice vouchers pay Hamilton landlords $300 per month towards rent. The average voucher holder contributes $200 towards rent in Hamilton.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hamilton, Alabama for a two-bedroom apartment is between $771 and $943.
Sourced from federal housing data and AffordableHousingOnline.com research.
