How many renters live in Thomasville, Alabama?
The City of Thomasville has 3,656 people living in 1,365 households.
There are 1,356 renters living in 670 renter households in this City. Renters make up 37.09 percent of the population living in Thomasville.
What is the rental market like in Thomasville, Alabama?
There are an estimated 1,926 housing units in the Thomasville area. Of these, 757 units are rental homes, making up 39 percent of the housing market. For every renter household in Thomasville, Alabama, there are 1 rental units.
What is the vacancy rate for rentals in Thomasville?
The rental vacancy rate in Thomasville 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 Thomasville for each bedroom size?
Occupied Rental Units by Size in Thomasville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 14 | 37 | 236 | 277 | 106 |
Occupied Rental Units by Size in Thomasville
A large number of apartments in Thomasville 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 Thomasville are overburdened by housing costs?
Among renter households in this market, 34 percent have housing cost burden. Further, 8 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 Thomasville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $642 to $1,454. 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 | $1,200 |
| Four BR | $1,454 |
2024 Fair Market Rents in Thomasville, Alabama
How many units are rented at Fair Market Rent (FMR) in Thomasville?
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 | 0 | 100 percent |
| One BR | 28 | 76 percent |
| Two BR | 183 | 78 percent |
Rental Units Below FMR in Thomasville, Alabama
How many affordable rental units are in Thomasville?
There are a variety of federal affordable housing programs serving households in Thomasville, Alabama including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 273 |
| Section 8 Project-Based Rental Assistance | 49 |
| USDA Section 515 Rural Rental Housing | 197 |
Tracked Units by Federal Program in Thomasville, Alabama
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Thomasville, Alabama
Thomasville features 296 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 Thomasville, Alabama
There are 128 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Thomasville.
Housing Choice Vouchers in Thomasville, Alabama
On average, Section 8 Housing Choice vouchers pay Thomasville landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Thomasville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Thomasville, Alabama for a two-bedroom apartment is between $771 and $943.
Sourced from federal housing data and AffordableHousingOnline.com research.
