What HUD offices serve Montgomery Village, Maryland?
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 Maryland Public Housing and Low-Income Apartments Waiting Lists page for openings near Montgomery Village.
How many renters live in Montgomery Village, Maryland?
The City of Montgomery Village has people living in households.
There are renters living in renter households in this City. Renters make up 32.03 percent of the population living in Montgomery Village.
What is the rental market like in Montgomery Village, Maryland?
There are an estimated housing units in the Montgomery Village area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Montgomery Village, Maryland, there are 1.03 rental units.
What is the vacancy rate for rentals in Montgomery Village?
The rental vacancy rate in Montgomery Village 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 Montgomery Village for each bedroom size?
Occupied Rental Units by Size in Montgomery Village
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 125 | 1,040 | 1,660 | 838 | 335 |
Occupied Rental Units by Size in Montgomery Village
A large number of apartments in Montgomery Village have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Montgomery Village
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,772 to $3,015. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,772 |
| One BR | $1,803 |
| Two BR | $2,045 |
| Three BR | $2,544 |
| Four BR | $3,015 |
2024 Fair Market Rents in Montgomery Village, Maryland
How many units are rented at Fair Market Rent (FMR) in Montgomery Village?
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 | 111 | 89 percent |
| One BR | 351 | 34 percent |
| Two BR | 139 | 8 percent |
Rental Units Below FMR in Montgomery Village, Maryland
How many affordable rental units are in Montgomery Village?
There are a variety of federal affordable housing programs serving households in Montgomery Village, Maryland including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | |
| Section 811 Supportive Housing for Persons with Disabilities |
Tracked Units by Federal Program in Montgomery Village, Maryland
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Montgomery Village, Maryland
Montgomery Village features 0 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 Montgomery Village, Maryland
There are 113 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Montgomery Village.
Housing Choice Vouchers in Montgomery Village, Maryland
On average, Section 8 Housing Choice vouchers pay Montgomery Village landlords $1,300 per month towards rent. The average voucher holder contributes $500 towards rent in Montgomery Village.
The maximum amount a voucher would pay on behalf of a low-income tenant in Montgomery Village, Maryland for a two-bedroom apartment is between $1,841 and $2,250.
Sourced from federal housing data and AffordableHousingOnline.com research.
