What HUD offices serve Milpitas, 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 Milpitas.
How many renters live in Milpitas, California?
The City of Milpitas has 77,744 people living in 25,162 households.
There are 34,180 renters living in 11,595 renter households in this City. Renters make up 43.96 percent of the population living in Milpitas.
What is the rental market like in Milpitas, California?
There are an estimated 25,252 housing units in the Milpitas area. Of these, 9,992 units are rental homes, making up 40 percent of the housing market. For every renter household in Milpitas, California, there are 1 rental units.
What is the vacancy rate for rentals in Milpitas?
The rental vacancy rate in Milpitas 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 Milpitas for each bedroom size?
Occupied Rental Units by Size in Milpitas
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 732 | 1,970 | 3,140 | 2,866 | 885 |
Occupied Rental Units by Size in Milpitas
A large number of apartments in Milpitas 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 Milpitas are overburdened by housing costs?
Among renter households in this market, 32 percent have housing cost burden. Further, 16 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 Milpitas
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $2,383 to $4,425. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $2,383 |
| One BR | $2,694 |
| Two BR | $3,132 |
| Three BR | $4,011 |
| Four BR | $4,425 |
2024 Fair Market Rents in Milpitas, California
How many units are rented at Fair Market Rent (FMR) in Milpitas?
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 | 151 | 21 percent |
| One BR | 252 | 13 percent |
| Two BR | 187 | 6 percent |
Rental Units Below FMR in Milpitas, California
How many affordable rental units are in Milpitas?
There are a variety of federal affordable housing programs serving households in Milpitas, California including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 365 |
| Section 8 Project-Based Rental Assistance | 150 |
| Section 236 Rental Assistance | 22 |
Tracked Units by Federal Program in Milpitas, California
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Milpitas, California
Milpitas features 171 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 Milpitas, California
There are 510 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Milpitas.
Housing Choice Vouchers in Milpitas, California
On average, Section 8 Housing Choice vouchers pay Milpitas landlords $1,700 per month towards rent. The average voucher holder contributes $700 towards rent in Milpitas.
The maximum amount a voucher would pay on behalf of a low-income tenant in Milpitas, California for a two-bedroom apartment is between $2,819 and $3,445.
Sourced from federal housing data and AffordableHousingOnline.com research.
