What HUD offices serve Stockbridge, Michigan?
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 Michigan Public Housing and Low-Income Apartments Waiting Lists page for openings near Stockbridge.
How many renters live in Stockbridge, Michigan?
The City of Stockbridge has 1,259 people living in 592 households.
There are 440 renters living in 260 renter households in this City. Renters make up 34.95 percent of the population living in Stockbridge.
What is the rental market like in Stockbridge, Michigan?
There are an estimated 662 housing units in the Stockbridge area. Of these, 268 units are rental homes, making up 40 percent of the housing market. For every renter household in Stockbridge, Michigan, there are 1 rental units.
What is the vacancy rate for rentals in Stockbridge?
The rental vacancy rate in Stockbridge 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 Stockbridge for each bedroom size?
Occupied Rental Units by Size in Stockbridge
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 109 | 128 | 18 | 1 |
Occupied Rental Units by Size in Stockbridge
A large number of apartments in Stockbridge 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 Stockbridge are overburdened by housing costs?
Among renter households in this market, 39 percent have housing cost burden. Further, 22 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 Stockbridge
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $847 to $1,454. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $847 |
| One BR | $887 |
| Two BR | $1,092 |
| Three BR | $1,423 |
| Four BR | $1,454 |
2024 Fair Market Rents in Stockbridge, Michigan
How many units are rented at Fair Market Rent (FMR) in Stockbridge?
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 | 96 | 88 percent |
| Two BR | 106 | 83 percent |
Rental Units Below FMR in Stockbridge, Michigan
How many affordable rental units are in Stockbridge?
There are a variety of federal affordable housing programs serving households in Stockbridge, Michigan including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 32 |
| USDA Section 515 Rural Rental Housing | 56 |
Tracked Units by Federal Program in Stockbridge, Michigan
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Stockbridge, Michigan
Stockbridge features 64 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 Stockbridge, Michigan
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stockbridge.
Housing Choice Vouchers in Stockbridge, Michigan
On average, Section 8 Housing Choice vouchers pay Stockbridge landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Stockbridge.
The maximum amount a voucher would pay on behalf of a low-income tenant in Stockbridge, Michigan for a two-bedroom apartment is between $983 and $1,201.
Sourced from federal housing data and AffordableHousingOnline.com research.