What HUD offices serve Chino Valley, Arizona?
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 Arizona Public Housing and Low-Income Apartments Waiting Lists page for openings near Chino Valley.
How many renters live in Chino Valley, Arizona?
The City of Chino Valley has 13,120 people living in 5,624 households.
There are 3,518 renters living in 1,371 renter households in this City. Renters make up 26.81 percent of the population living in Chino Valley.
What is the rental market like in Chino Valley, Arizona?
There are an estimated 6,040 housing units in the Chino Valley area. Of these, 1,450 units are rental homes, making up 24 percent of the housing market. For every renter household in Chino Valley, Arizona, there are 1 rental units.
What is the vacancy rate for rentals in Chino Valley?
The rental vacancy rate in Chino Valley 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 Chino Valley for each bedroom size?
Occupied Rental Units by Size in Chino Valley
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 7 | 208 | 319 | 747 | 90 |
Occupied Rental Units by Size in Chino Valley
A large number of apartments in Chino Valley 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 Chino Valley are overburdened by housing costs?
Among renter households in this market, 38 percent have housing cost burden. Further, 11 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 Chino Valley
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $951 to $2,273. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $951 |
| One BR | $1,140 |
| Two BR | $1,403 |
| Three BR | $1,943 |
| Four BR | $2,273 |
2024 Fair Market Rents in Chino Valley, Arizona
How many units are rented at Fair Market Rent (FMR) in Chino Valley?
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 | 115 | 55 percent |
| Two BR | 277 | 87 percent |
Rental Units Below FMR in Chino Valley, Arizona
How many affordable rental units are in Chino Valley?
There are a variety of federal affordable housing programs serving households in Chino Valley, Arizona including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 95 |
| USDA Section 515 Rural Rental Housing | 32 |
Tracked Units by Federal Program in Chino Valley, Arizona
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Chino Valley, Arizona
Chino Valley features 32 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 Chino Valley, Arizona
There are 64 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Chino Valley.
Housing Choice Vouchers in Chino Valley, Arizona
On average, Section 8 Housing Choice vouchers pay Chino Valley landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Chino Valley.
The maximum amount a voucher would pay on behalf of a low-income tenant in Chino Valley, Arizona for a two-bedroom apartment is between $1,263 and $1,543.
Sourced from federal housing data and AffordableHousingOnline.com research.
