What HUD offices serve Otisville, 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 Otisville.
How many renters live in Otisville, Michigan?
The City of Otisville has 910 people living in 380 households.
There are 129 renters living in 58 renter households in this City. Renters make up 14.18 percent of the population living in Otisville.
What is the rental market like in Otisville, Michigan?
There are an estimated 417 housing units in the Otisville area. Of these, 65 units are rental homes, making up 16 percent of the housing market. For every renter household in Otisville, Michigan, there are 1 rental units.
What is the vacancy rate for rentals in Otisville?
The rental vacancy rate in Otisville is 0 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 Otisville for each bedroom size?
Occupied Rental Units by Size in Otisville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 6 | 41 | 9 | 2 |
Occupied Rental Units by Size in Otisville
A large number of apartments in Otisville 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 Otisville are overburdened by housing costs?
Among renter households in this market, 81 percent have housing cost burden. Further, 40 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 Otisville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $740 to $1,444. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $740 |
| One BR | $854 |
| Two BR | $1,061 |
| Three BR | $1,317 |
| Four BR | $1,444 |
2024 Fair Market Rents in Otisville, Michigan
How many units are rented at Fair Market Rent (FMR) in Otisville?
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 | 6 | 100 percent |
| Two BR | 37 | 90 percent |
Rental Units Below FMR in Otisville, Michigan
How many affordable rental units are in Otisville?
There are a variety of federal affordable housing programs serving households in Otisville, Michigan including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 48 |
Tracked Units by Federal Program in Otisville, Michigan
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Otisville, Michigan
Otisville features 24 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 Otisville, Michigan
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Otisville.
Housing Choice Vouchers in Otisville, Michigan
On average, Section 8 Housing Choice vouchers pay Otisville landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Otisville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Otisville, Michigan for a two-bedroom apartment is between $955 and $1,167.
Sourced from federal housing data and AffordableHousingOnline.com research.
