How many renters live in Orange Beach, Alabama?
The City of Orange Beach has 8,048 people living in 3,719 households.
There are 1,786 renters living in 1,182 renter households in this City. Renters make up 22.19 percent of the population living in Orange Beach.
What is the rental market like in Orange Beach, Alabama?
There are an estimated 14,777 housing units in the Orange Beach area. Of these, 7,077 units are rental homes, making up 48 percent of the housing market. For every renter household in Orange Beach, Alabama, there are 6 rental units.
What is the vacancy rate for rentals in Orange Beach?
The rental vacancy rate in Orange Beach is 83 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 Orange Beach for each bedroom size?
Occupied Rental Units by Size in Orange Beach
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 77 | 400 | 493 | 201 | 11 |
Occupied Rental Units by Size in Orange Beach
A large number of apartments in Orange Beach 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 Orange Beach are overburdened by housing costs?
Among renter households in this market, 57 percent have housing cost burden. Further, 18 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 Orange Beach
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,051 to $2,114. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,051 |
| One BR | $1,056 |
| Two BR | $1,362 |
| Three BR | $1,670 |
| Four BR | $2,114 |
2024 Fair Market Rents in Orange Beach, Alabama
How many units are rented at Fair Market Rent (FMR) in Orange Beach?
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 | 8 | 10 percent |
| One BR | 102 | 26 percent |
| Two BR | 204 | 41 percent |
Rental Units Below FMR in Orange Beach, Alabama
How many affordable rental units are in Orange Beach?
There are a variety of federal affordable housing programs serving households in Orange Beach, Alabama including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 63 |
| USDA Section 515 Rural Rental Housing | 63 |
Tracked Units by Federal Program in Orange Beach, Alabama
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Orange Beach, Alabama
Orange Beach 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 Orange Beach, Alabama
There are 63 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Orange Beach.
Housing Choice Vouchers in Orange Beach, Alabama
On average, Section 8 Housing Choice vouchers pay Orange Beach landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Orange Beach.
The maximum amount a voucher would pay on behalf of a low-income tenant in Orange Beach, Alabama for a two-bedroom apartment is between $1,226 and $1,498.
Sourced from federal housing data and AffordableHousingOnline.com research.
