What HUD offices serve Shady Cove, Oregon?
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 Oregon Public Housing and Low-Income Apartments Waiting Lists page for openings near Shady Cove.
How many renters live in Shady Cove, Oregon?
The City of Shady Cove has 3,084 people living in 1,386 households.
There are 691 renters living in 354 renter households in this City. Renters make up 22.41 percent of the population living in Shady Cove.
What is the rental market like in Shady Cove, Oregon?
There are an estimated 1,571 housing units in the Shady Cove area. Of these, 354 units are rental homes, making up 23 percent of the housing market. For every renter household in Shady Cove, Oregon, there are 1 rental units.
What is the vacancy rate for rentals in Shady Cove?
The rental vacancy rate in Shady Cove 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 Shady Cove for each bedroom size?
Occupied Rental Units by Size in Shady Cove
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 133 | 195 | 26 | 0 |
Occupied Rental Units by Size in Shady Cove
A large number of apartments in Shady Cove 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 Shady Cove are overburdened by housing costs?
Among renter households in this market, 66 percent have housing cost burden. Further, 16 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 Shady Cove
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $946 to $2,357. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $946 |
| One BR | $1,062 |
| Two BR | $1,396 |
| Three BR | $1,967 |
| Four BR | $2,357 |
2024 Fair Market Rents in Shady Cove, Oregon
How many units are rented at Fair Market Rent (FMR) in Shady Cove?
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 | 133 | 100 percent |
| Two BR | 102 | 52 percent |
Rental Units Below FMR in Shady Cove, Oregon
How many affordable rental units are in Shady Cove?
There are a variety of federal affordable housing programs serving households in Shady Cove, Oregon including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 24 |
Tracked Units by Federal Program in Shady Cove, Oregon
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Shady Cove, Oregon
Shady Cove 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 Shady Cove, Oregon
There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Shady Cove.
Housing Choice Vouchers in Shady Cove, Oregon
On average, Section 8 Housing Choice vouchers pay Shady Cove landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Shady Cove.
The maximum amount a voucher would pay on behalf of a low-income tenant in Shady Cove, Oregon for a two-bedroom apartment is between $1,256 and $1,536.
Sourced from federal housing data and AffordableHousingOnline.com research.
