How many renters live in College Place, Washington?
The City of College Place has 9,796 people living in 3,347 households.
There are 2,443 renters living in 1,154 renter households in this City. Renters make up 24.94 percent of the population living in College Place.
What is the rental market like in College Place, Washington?
There are an estimated 3,690 housing units in the College Place area. Of these, 1,365 units are rental homes, making up 37 percent of the housing market. For every renter household in College Place, Washington, there are 1 rental units.
What is the vacancy rate for rentals in College Place?
The rental vacancy rate in College Place is 15 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 College Place for each bedroom size?
Occupied Rental Units by Size in College Place
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 31 | 236 | 645 | 204 | 8 |
Occupied Rental Units by Size in College Place
A large number of apartments in College Place 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 College Place are overburdened by housing costs?
Among renter households in this market, 56 percent have housing cost burden. Further, 27 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 College Place
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $986 to $2,308. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $986 |
| One BR | $1,107 |
| Two BR | $1,454 |
| Three BR | $1,991 |
| Four BR | $2,308 |
2024 Fair Market Rents in College Place, Washington
How many units are rented at Fair Market Rent (FMR) in College Place?
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 | 30 | 97 percent |
| One BR | 225 | 95 percent |
| Two BR | 595 | 92 percent |
Rental Units Below FMR in College Place, Washington
How many affordable rental units are in College Place?
There are a variety of federal affordable housing programs serving households in College Place, Washington including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 25 |
| Section 8 Project-Based Rental Assistance | 2 |
| Section 202 Supportive Housing for the Elderly | 7 |
Tracked Units by Federal Program in College Place, Washington
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in College Place, Washington
College Place features 0 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 College Place, Washington
There are 51 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in College Place.
Housing Choice Vouchers in College Place, Washington
On average, Section 8 Housing Choice vouchers pay College Place landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in College Place.
The maximum amount a voucher would pay on behalf of a low-income tenant in College Place, Washington for a two-bedroom apartment is between $1,309 and $1,599.
Sourced from federal housing data and AffordableHousingOnline.com research.
