What HUD offices serve Sun Valley, Nevada?
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 Nevada Public Housing and Low-Income Apartments Waiting Lists page for openings near Sun Valley.
How many renters live in Sun Valley, Nevada?
The City of Sun Valley has 22,775 people living in 6,920 households.
There are 6,659 renters living in 1,963 renter households in this City. Renters make up 29.24 percent of the population living in Sun Valley.
What is the rental market like in Sun Valley, Nevada?
There are an estimated 7,195 housing units in the Sun Valley area. Of these, 2,004 units are rental homes, making up 28 percent of the housing market. For every renter household in Sun Valley, Nevada, there are 1 rental units.
What is the vacancy rate for rentals in Sun Valley?
The rental vacancy rate in Sun Valley is 1 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 Sun Valley for each bedroom size?
Occupied Rental Units by Size in Sun Valley
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 43 | 147 | 694 | 969 | 76 |
Occupied Rental Units by Size in Sun Valley
A large number of apartments in Sun Valley 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 Sun Valley are overburdened by housing costs?
Among renter households in this market, 46 percent have housing cost burden. Further, 26 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 Sun Valley
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,072 to $2,669. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,072 |
| One BR | $1,257 |
| Two BR | $1,582 |
| Three BR | $2,229 |
| Four BR | $2,669 |
2024 Fair Market Rents in Sun Valley, Nevada
How many units are rented at Fair Market Rent (FMR) in Sun Valley?
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 | 16 | 37 percent |
| One BR | 135 | 92 percent |
| Two BR | 639 | 92 percent |
Rental Units Below FMR in Sun Valley, Nevada
How many affordable rental units are in Sun Valley?
Income Based Apartments in Sun Valley, Nevada
Sun Valley 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 Sun Valley, Nevada
There are 250 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sun Valley.
Housing Choice Vouchers in Sun Valley, Nevada
On average, Section 8 Housing Choice vouchers pay Sun Valley landlords $500 per month towards rent. The average voucher holder contributes $500 towards rent in Sun Valley.
The maximum amount a voucher would pay on behalf of a low-income tenant in Sun Valley, Nevada for a two-bedroom apartment is between $1,424 and $1,740.
Sourced from federal housing data and AffordableHousingOnline.com research.
