Low Income Apartments and Affordable Housing For Rent in Exmore, VA

Discover affordable housing in Exmore where there are 5+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Exmore Village

12374 Rue Ct, Exmore, Virginia 23350

Peter Cartwright Manor

4061 Willis Wharf Rd, Exmore, Virginia 23350

Aps Freedom Apartments

11400 Occohannock Neck Rd, Exmore, Virginia 23350

New Road Village

3208 Thurgood Marshall Rd, Exmore, Virginia 23350

Dogwood View Apartments

10147 Silas Ct, Exmore, Virginia 23350

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Exmore, Virginia
$17.77/hour
$5.77 (+48%) more than Virginia minimum wage and $10.52 (+145%) more than the Federal minimum wage.
Learn More About Exmore, Virginia Affordable Housing ↓

How many renters live in Exmore, Virginia?

The City of Exmore has 1,744 people living in 707 households.

There are 960 renters living in 416 renter households in this City. Renters make up 55.05 percent of the population living in Exmore.

What is the rental market like in Exmore, Virginia?

There are an estimated 867 housing units in the Exmore area. Of these, 416 units are rental homes, making up 48 percent of the housing market. For every renter household in Exmore, Virginia, there are 1 rental units.

What is the vacancy rate for rentals in Exmore?

The rental vacancy rate in Exmore 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 Exmore for each bedroom size?

Occupied Rental Units by Size in Exmore
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
3 172 166 57 18
Occupied Rental Units by Size in Exmore

A large number of apartments in Exmore 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 Exmore are overburdened by housing costs?

Among renter households in this market, 38 percent have housing cost burden. Further, 7 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 Exmore

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $709 to $1,592. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $709
One BR $714
Two BR $938
Three BR $1,321
Four BR $1,592
2024 Fair Market Rents in Exmore, Virginia

How many units are rented at Fair Market Rent (FMR) in Exmore?

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 3 100 percent
One BR 164 95 percent
Two BR 147 89 percent
Rental Units Below FMR in Exmore, Virginia

How many affordable rental units are in Exmore?

There are a variety of federal affordable housing programs serving households in Exmore, Virginia including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 100
Section 202 Supportive Housing for the Elderly 45
Section 811 Supportive Housing for Persons with Disabilities 14
USDA Section 515 Rural Rental Housing 117
Tracked Units by Federal Program in Exmore, Virginia

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Exmore, Virginia

Exmore features 161 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 Exmore, Virginia

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Exmore.

Housing Choice Vouchers in Exmore, Virginia

On average, Section 8 Housing Choice vouchers pay Exmore landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Exmore.

The maximum amount a voucher would pay on behalf of a low-income tenant in Exmore, Virginia for a two-bedroom apartment is between $844 and $1,032.

Sourced from federal housing data and AffordableHousingOnline.com research.