How many renters live in Sweet Home, Oregon?
The City of Sweet Home has 9,852 people living in 3,922 households.
There are 3,718 renters living in 1,381 renter households in this City. Renters make up 37.74 percent of the population living in Sweet Home.
What is the rental market like in Sweet Home, Oregon?
There are an estimated 4,067 housing units in the Sweet Home area. Of these, 1,419 units are rental homes, making up 35 percent of the housing market. For every renter household in Sweet Home, Oregon, there are 1 rental units.
What is the vacancy rate for rentals in Sweet Home?
The rental vacancy rate in Sweet Home 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 Sweet Home for each bedroom size?
Occupied Rental Units by Size in Sweet Home
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 37 | 259 | 521 | 472 | 92 |
Occupied Rental Units by Size in Sweet Home
A large number of apartments in Sweet Home 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 Sweet Home are overburdened by housing costs?
Among renter households in this market, 46 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 Sweet Home
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $938 to $2,180. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $938 |
| One BR | $1,121 |
| Two BR | $1,384 |
| Three BR | $1,869 |
| Four BR | $2,180 |
2024 Fair Market Rents in Sweet Home, Oregon
How many units are rented at Fair Market Rent (FMR) in Sweet Home?
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 | 33 | 89 percent |
| One BR | 174 | 67 percent |
| Two BR | 412 | 79 percent |
Rental Units Below FMR in Sweet Home, Oregon
How many affordable rental units are in Sweet Home?
There are a variety of federal affordable housing programs serving households in Sweet Home, Oregon including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 98 |
Tracked Units by Federal Program in Sweet Home, Oregon
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Sweet Home, Oregon
Sweet Home features 51 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 Sweet Home, Oregon
There are 73 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sweet Home.
Housing Choice Vouchers in Sweet Home, Oregon
On average, Section 8 Housing Choice vouchers pay Sweet Home landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Sweet Home.
The maximum amount a voucher would pay on behalf of a low-income tenant in Sweet Home, Oregon for a two-bedroom apartment is between $1,246 and $1,522.
Sourced from federal housing data and AffordableHousingOnline.com research.
