How many renters live in Leesburg, Alabama?
The City of Leesburg has 756 people living in 284 households.
There are 196 renters living in 77 renter households in this City. Renters make up 25.93 percent of the population living in Leesburg.
What is the rental market like in Leesburg, Alabama?
There are an estimated 493 housing units in the Leesburg area. Of these, 84 units are rental homes, making up 17 percent of the housing market. For every renter household in Leesburg, Alabama, there are 1 rental units.
What is the vacancy rate for rentals in Leesburg?
The rental vacancy rate in Leesburg is 8 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 Leesburg for each bedroom size?
Occupied Rental Units by Size in Leesburg
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 7 | 15 | 52 | 3 |
Occupied Rental Units by Size in Leesburg
A large number of apartments in Leesburg 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 Leesburg are overburdened by housing costs?
Among renter households in this market, 43 percent have housing cost burden. Further, 25 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 Leesburg
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $664 to $1,327. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $664 |
| One BR | $726 |
| Two BR | $887 |
| Three BR | $1,072 |
| Four BR | $1,327 |
2024 Fair Market Rents in Leesburg, Alabama
How many units are rented at Fair Market Rent (FMR) in Leesburg?
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 | 4 | 57 percent |
| Two BR | 14 | 93 percent |
Rental Units Below FMR in Leesburg, Alabama
How many affordable rental units are in Leesburg?
Income Based Apartments in Leesburg, Alabama
Leesburg features 0 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 Leesburg, Alabama
There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Leesburg.
Housing Choice Vouchers in Leesburg, Alabama
On average, Section 8 Housing Choice vouchers pay Leesburg landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Leesburg.
The maximum amount a voucher would pay on behalf of a low-income tenant in Leesburg, Alabama for a two-bedroom apartment is between $798 and $976.
Sourced from federal housing data and AffordableHousingOnline.com research.
