What HUD offices serve Montezuma, 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 Montezuma.
How many renters live in Montezuma, Georgia?
The City of Montezuma has 3,040 people living in 1,185 households.
There are 1,271 renters living in 444 renter households in this City. Renters make up 41.81 percent of the population living in Montezuma.
What is the rental market like in Montezuma, Georgia?
There are an estimated 1,568 housing units in the Montezuma area. Of these, 564 units are rental homes, making up 36 percent of the housing market. For every renter household in Montezuma, Georgia, there are 1 rental units.
What is the vacancy rate for rentals in Montezuma?
The rental vacancy rate in Montezuma is 21 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 Montezuma for each bedroom size?
Occupied Rental Units by Size in Montezuma
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 82 | 176 | 130 | 56 |
Occupied Rental Units by Size in Montezuma
A large number of apartments in Montezuma 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 Montezuma are overburdened by housing costs?
Among renter households in this market, 39 percent have housing cost burden. Further, 21 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 Montezuma
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $669 to $1,502. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $669 |
| One BR | $674 |
| Two BR | $885 |
| Three BR | $1,078 |
| Four BR | $1,502 |
2024 Fair Market Rents in Montezuma, Georgia
How many units are rented at Fair Market Rent (FMR) in Montezuma?
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 | 82 | 100 percent |
| Two BR | 114 | 65 percent |
Rental Units Below FMR in Montezuma, Georgia
How many affordable rental units are in Montezuma?
There are a variety of federal affordable housing programs serving households in Montezuma, Georgia including the following:
| Federal Program | Unit Count |
| Public Housing | 147 |
| USDA Section 515 Rural Rental Housing | 72 |
Tracked Units by Federal Program in Montezuma, Georgia
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Montezuma, Georgia
Montezuma features 470 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 Montezuma, Georgia
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Montezuma.
Housing Choice Vouchers in Montezuma, Georgia
On average, Section 8 Housing Choice vouchers pay Montezuma landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Montezuma.
The maximum amount a voucher would pay on behalf of a low-income tenant in Montezuma, Georgia for a two-bedroom apartment is between $797 and $974.
Sourced from federal housing data and AffordableHousingOnline.com research.
