What HUD offices serve Union Point, 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 Union Point.
How many renters live in Union Point, Georgia?
The City of Union Point has 1,661 people living in 504 households.
There are 690 renters living in 219 renter households in this City. Renters make up 41.54 percent of the population living in Union Point.
What is the rental market like in Union Point, Georgia?
There are an estimated 606 housing units in the Union Point area. Of these, 225 units are rental homes, making up 37 percent of the housing market. For every renter household in Union Point, Georgia, there are 1 rental units.
What is the vacancy rate for rentals in Union Point?
The rental vacancy rate in Union Point 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 Union Point for each bedroom size?
Occupied Rental Units by Size in Union Point
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 4 | 15 | 36 | 158 | 6 |
Occupied Rental Units by Size in Union Point
A large number of apartments in Union Point 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 Union Point are overburdened by housing costs?
Among renter households in this market, 31 percent have housing cost burden. Further, 17 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 Union Point
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $713 to $1,307. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $713 |
| One BR | $718 |
| Two BR | $911 |
| Three BR | $1,159 |
| Four BR | $1,307 |
2024 Fair Market Rents in Union Point, Georgia
How many units are rented at Fair Market Rent (FMR) in Union Point?
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 | 4 | 100 percent |
| One BR | 6 | 40 percent |
| Two BR | 19 | 53 percent |
Rental Units Below FMR in Union Point, Georgia
How many affordable rental units are in Union Point?
There are a variety of federal affordable housing programs serving households in Union Point, Georgia including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 24 |
| Public Housing | 25 |
| USDA Section 515 Rural Rental Housing | 38 |
Tracked Units by Federal Program in Union Point, Georgia
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Union Point, Georgia
Union Point features 85 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 Union Point, Georgia
There are 14 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Union Point.
Housing Choice Vouchers in Union Point, Georgia
On average, Section 8 Housing Choice vouchers pay Union Point landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Union Point.
The maximum amount a voucher would pay on behalf of a low-income tenant in Union Point, Georgia for a two-bedroom apartment is between $820 and $1,002.
Sourced from federal housing data and AffordableHousingOnline.com research.
