What HUD offices serve Half Moon Bay, California?
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 California Public Housing and Low-Income Apartments Waiting Lists page for openings near Half Moon Bay.
How many renters live in Half Moon Bay, California?
The City of Half Moon Bay has 11,633 people living in 4,353 households.
There are 3,507 renters living in 1,192 renter households in this City. Renters make up 30.15 percent of the population living in Half Moon Bay.
What is the rental market like in Half Moon Bay, California?
There are an estimated 4,719 housing units in the Half Moon Bay area. Of these, 1,205 units are rental homes, making up 26 percent of the housing market. For every renter household in Half Moon Bay, California, there are 1 rental units.
What is the vacancy rate for rentals in Half Moon Bay?
The rental vacancy rate in Half Moon Bay is 1 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 Half Moon Bay for each bedroom size?
Occupied Rental Units by Size in Half Moon Bay
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 89 | 321 | 289 | 421 | 72 |
Occupied Rental Units by Size in Half Moon Bay
A large number of apartments in Half Moon Bay 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 Half Moon Bay are overburdened by housing costs?
Among renter households in this market, 36 percent have housing cost burden. Further, 14 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 Half Moon Bay
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $2,292 to $4,473. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $2,292 |
| One BR | $2,818 |
| Two BR | $3,359 |
| Three BR | $4,112 |
| Four BR | $4,473 |
2024 Fair Market Rents in Half Moon Bay, California
How many units are rented at Fair Market Rent (FMR) in Half Moon Bay?
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 | 89 | 100 percent |
| One BR | 211 | 66 percent |
| Two BR | 69 | 24 percent |
Rental Units Below FMR in Half Moon Bay, California
How many affordable rental units are in Half Moon Bay?
There are a variety of federal affordable housing programs serving households in Half Moon Bay, California including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 259 |
| Section 8 Project-Based Rental Assistance | 49 |
| Section 202 Supportive Housing for the Elderly | 63 |
Tracked Units by Federal Program in Half Moon Bay, California
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Half Moon Bay, California
Half Moon Bay features 114 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 Half Moon Bay, California
There are 184 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Half Moon Bay.
Housing Choice Vouchers in Half Moon Bay, California
On average, Section 8 Housing Choice vouchers pay Half Moon Bay landlords $1,500 per month towards rent. The average voucher holder contributes $300 towards rent in Half Moon Bay.
The maximum amount a voucher would pay on behalf of a low-income tenant in Half Moon Bay, California for a two-bedroom apartment is between $3,023 and $3,695.
Sourced from federal housing data and AffordableHousingOnline.com research.
