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

Discover affordable housing in Onancock where there are 3+ 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.

Onancock Square

160 Jacob Street, Onancock, Virginia 23417

Pine Street Apartments

6 Carter St, Onancock, Virginia 23417

Accomack Senior Village

4 Boundary Ave, Onancock, Virginia 23417

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Onancock, 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 Onancock, Virginia Affordable Housing ↓

How many renters live in Onancock, Virginia?

The City of Onancock has 1,434 people living in 696 households.

There are 575 renters living in 263 renter households in this City. Renters make up 40.1 percent of the population living in Onancock.

What is the rental market like in Onancock, Virginia?

There are an estimated 912 housing units in the Onancock area. Of these, 263 units are rental homes, making up 29 percent of the housing market. For every renter household in Onancock, Virginia, there are 1 rental units.

What is the vacancy rate for rentals in Onancock?

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

Occupied Rental Units by Size in Onancock
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
6 65 72 113 7
Occupied Rental Units by Size in Onancock

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

Among renter households in this market, 37 percent have housing cost burden. Further, 10 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 Onancock

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $766 to $1,592. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $766
One BR $832
Two BR $938
Three BR $1,294
Four BR $1,592
2024 Fair Market Rents in Onancock, Virginia

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

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 6 100 percent
One BR 54 83 percent
Two BR 58 81 percent
Rental Units Below FMR in Onancock, Virginia

How many affordable rental units are in Onancock?

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

Federal Program Unit Count
Low Income Housing Tax Credit 103
USDA Section 515 Rural Rental Housing 103
Tracked Units by Federal Program in Onancock, Virginia

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

Income Based Apartments in Onancock, Virginia

Onancock features 103 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 Onancock, Virginia

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

Housing Choice Vouchers in Onancock, Virginia

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.