What HUD offices serve Colonial Beach, Virginia?
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 Virginia Public Housing and Low-Income Apartments Waiting Lists page for openings near Colonial Beach.
How many renters live in Colonial Beach, Virginia?
The City of Colonial Beach has 3,895 people living in 1,865 households.
There are 941 renters living in 507 renter households in this City. Renters make up 24.16 percent of the population living in Colonial Beach.
What is the rental market like in Colonial Beach, Virginia?
There are an estimated 2,509 housing units in the Colonial Beach area. Of these, 573 units are rental homes, making up 23 percent of the housing market. For every renter household in Colonial Beach, Virginia, there are 1 rental units.
What is the vacancy rate for rentals in Colonial Beach?
The rental vacancy rate in Colonial Beach is 12 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Colonial Beach for each bedroom size?
Occupied Rental Units by Size in Colonial Beach
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 19 | 51 | 56 | 244 | 137 |
Occupied Rental Units by Size in Colonial Beach
A large number of apartments in Colonial Beach 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 Colonial Beach are overburdened by housing costs?
Among renter households in this market, 61 percent have housing cost burden. Further, 35 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 Colonial Beach
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $892 to $1,798. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $892 |
| One BR | $897 |
| Two BR | $1,113 |
| Three BR | $1,568 |
| Four BR | $1,798 |
2024 Fair Market Rents in Colonial Beach, Virginia
How many units are rented at Fair Market Rent (FMR) in Colonial Beach?
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 | 19 | 100 percent |
| One BR | 51 | 100 percent |
| Two BR | 23 | 41 percent |
Rental Units Below FMR in Colonial Beach, Virginia
How many affordable rental units are in Colonial Beach?
There are a variety of federal affordable housing programs serving households in Colonial Beach, Virginia including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 83 |
| Section 8 Project-Based Rental Assistance | 83 |
| Section 202 Supportive Housing for the Elderly | 32 |
Tracked Units by Federal Program in Colonial Beach, Virginia
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Colonial Beach, Virginia
Colonial Beach features 148 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 Colonial Beach, Virginia
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Colonial Beach.
Housing Choice Vouchers in Colonial Beach, Virginia
On average, Section 8 Housing Choice vouchers pay Colonial Beach landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Colonial Beach.
The maximum amount a voucher would pay on behalf of a low-income tenant in Colonial Beach, Virginia for a two-bedroom apartment is between $1,002 and $1,224.
Sourced from federal housing data and AffordableHousingOnline.com research.
