What HUD offices serve Talent, 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 Talent.
How many renters live in Talent, Oregon?
The City of Talent has 6,256 people living in 2,782 households.
There are 2,724 renters living in 1,278 renter households in this City. Renters make up 43.54 percent of the population living in Talent.
What is the rental market like in Talent, Oregon?
There are an estimated 2,948 housing units in the Talent area. Of these, 1,278 units are rental homes, making up 43 percent of the housing market. For every renter household in Talent, Oregon, there are 1 rental units.
What is the vacancy rate for rentals in Talent?
The rental vacancy rate in Talent 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 Talent for each bedroom size?
Occupied Rental Units by Size in Talent
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 144 | 770 | 349 | 15 |
Occupied Rental Units by Size in Talent
A large number of apartments in Talent 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 Talent are overburdened by housing costs?
Among renter households in this market, 57 percent have housing cost burden. Further, 12 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 Talent
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 Talent, Oregon
How many units are rented at Fair Market Rent (FMR) in Talent?
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 | 122 | 85 percent |
| Two BR | 546 | 71 percent |
Rental Units Below FMR in Talent, Oregon
How many affordable rental units are in Talent?
There are a variety of federal affordable housing programs serving households in Talent, Oregon including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 56 |
| USDA Section 515 Rural Rental Housing | 56 |
Tracked Units by Federal Program in Talent, Oregon
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Talent, Oregon
Talent features 156 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 Talent, Oregon
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Talent.
Housing Choice Vouchers in Talent, Oregon
On average, Section 8 Housing Choice vouchers pay Talent landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Talent.
The maximum amount a voucher would pay on behalf of a low-income tenant in Talent, Oregon for a two-bedroom apartment is between $1,256 and $1,536.
Sourced from federal housing data and AffordableHousingOnline.com research.
