What HUD offices serve Cordele, Georgia?
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 Georgia Public Housing and Low-Income Apartments Waiting Lists page for openings near Cordele.
How many renters live in Cordele, Georgia?
The City of Cordele has 10,210 people living in 4,039 households.
There are 6,572 renters living in 2,520 renter households in this City. Renters make up 64.37 percent of the population living in Cordele.
What is the rental market like in Cordele, Georgia?
There are an estimated 4,887 housing units in the Cordele area. Of these, 2,758 units are rental homes, making up 56 percent of the housing market. For every renter household in Cordele, Georgia, there are 1 rental units.
What is the vacancy rate for rentals in Cordele?
The rental vacancy rate in Cordele is 9 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Cordele for each bedroom size?
Occupied Rental Units by Size in Cordele
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 75 | 654 | 708 | 772 | 311 |
Occupied Rental Units by Size in Cordele
A large number of apartments in Cordele 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 Cordele are overburdened by housing costs?
Among renter households in this market, 45 percent have housing cost burden. Further, 28 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 Cordele
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $747 to $1,225. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $747 |
| One BR | $752 |
| Two BR | $920 |
| Three BR | $1,112 |
| Four BR | $1,225 |
2024 Fair Market Rents in Cordele, Georgia
How many units are rented at Fair Market Rent (FMR) in Cordele?
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 | 55 | 73 percent |
| One BR | 460 | 70 percent |
| Two BR | 532 | 75 percent |
Rental Units Below FMR in Cordele, Georgia
How many affordable rental units are in Cordele?
There are a variety of federal affordable housing programs serving households in Cordele, Georgia including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 650 |
| Public Housing | 433 |
| Section 8 Project-Based Rental Assistance | 34 |
| Section 811 Supportive Housing for Persons with Disabilities | 3 |
| USDA Section 515 Rural Rental Housing | 236 |
Tracked Units by Federal Program in Cordele, Georgia
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Cordele, Georgia
Cordele features 737 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 Cordele, Georgia
There are 319 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cordele.
Housing Choice Vouchers in Cordele, Georgia
On average, Section 8 Housing Choice vouchers pay Cordele landlords $700 per month towards rent. The average voucher holder contributes $200 towards rent in Cordele.
The maximum amount a voucher would pay on behalf of a low-income tenant in Cordele, Georgia for a two-bedroom apartment is between $828 and $1,012.
Sourced from federal housing data and AffordableHousingOnline.com research.
