Low Income Apartments and Affordable Housing For Rent in Mccloud, CA

Discover affordable housing in Mccloud where there are 2+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

McCloud River Apartments

110 Water St, Mccloud, California 96057

Mccloud Apartments

101 Minnesota Ave, Mccloud, California 96057

calendar_today Opened: Nov 30
calendar_today Closed: Feb 1,

Reported On February 23rd, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Mccloud, California
$20.63/hour
$4.63 (+29%) more than California minimum wage and $13.38 (+184%) more than the Federal minimum wage.
Learn More About Mccloud, California Affordable Housing ↓

What HUD offices serve Mccloud, 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.

Operates the Section 8 Housing Choice Voucher (HCV), Family Self-Sufficiency, Veteran Affairs Supportive Housing (VASH), Homeownership, Family Unification Program (FUP) programs for Mccloud, California.

Go to the California Public Housing and Low-Income Apartments Waiting Lists page for openings near Mccloud.

How many renters live in Mccloud, California?

The City of Mccloud has 959 people living in 430 households.

There are 329 renters living in 122 renter households in this City. Renters make up 34.31 percent of the population living in Mccloud.

What is the rental market like in Mccloud, California?

There are an estimated 640 housing units in the Mccloud area. Of these, 136 units are rental homes, making up 21 percent of the housing market. For every renter household in Mccloud, California, there are 1 rental units.

What is the vacancy rate for rentals in Mccloud?

The rental vacancy rate in Mccloud is 3 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 Mccloud for each bedroom size?

Occupied Rental Units by Size in Mccloud
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 30 34 10 48
Occupied Rental Units by Size in Mccloud

A large number of apartments in Mccloud 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 Mccloud are overburdened by housing costs?

Among renter households in this market, 27 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 Mccloud

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $838 to $1,620. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $838
One BR $843
Two BR $1,089
Three BR $1,535
Four BR $1,620
2024 Fair Market Rents in Mccloud, California

How many units are rented at Fair Market Rent (FMR) in Mccloud?

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 27 90 percent
Two BR 20 59 percent
Rental Units Below FMR in Mccloud, California

How many affordable rental units are in Mccloud?

There are a variety of federal affordable housing programs serving households in Mccloud, California including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 41
Section 8 Project-Based Rental Assistance 14
USDA Section 515 Rural Rental Housing 42
Tracked Units by Federal Program in Mccloud, California

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Mccloud, California

Mccloud features 56 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 Mccloud, California

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mccloud.

Housing Choice Vouchers in Mccloud, California

On average, Section 8 Housing Choice vouchers pay Mccloud landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Mccloud.

The maximum amount a voucher would pay on behalf of a low-income tenant in Mccloud, California for a two-bedroom apartment is between $980 and $1,198.

Sourced from federal housing data and AffordableHousingOnline.com research.