What HUD offices serve Silverdale, Washington?
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 Washington Public Housing and Low-Income Apartments Waiting Lists page for openings near Silverdale.
How many renters live in Silverdale, Washington?
The City of Silverdale has 21,774 people living in 8,465 households.
There are 8,924 renters living in 4,029 renter households in this City. Renters make up 40.98 percent of the population living in Silverdale.
What is the rental market like in Silverdale, Washington?
There are an estimated 8,942 housing units in the Silverdale area. Of these, 4,192 units are rental homes, making up 47 percent of the housing market. For every renter household in Silverdale, Washington, there are 1 rental units.
What is the vacancy rate for rentals in Silverdale?
The rental vacancy rate in Silverdale is 3 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 Silverdale for each bedroom size?
Occupied Rental Units by Size in Silverdale
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 55 | 766 | 1,766 | 1,275 | 167 |
Occupied Rental Units by Size in Silverdale
A large number of apartments in Silverdale 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 Silverdale are overburdened by housing costs?
Among renter households in this market, 52 percent have housing cost burden. Further, 21 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 Silverdale
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,389 to $3,181. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,389 |
| One BR | $1,559 |
| Two BR | $2,049 |
| Three BR | $2,698 |
| Four BR | $3,181 |
2024 Fair Market Rents in Silverdale, Washington
How many units are rented at Fair Market Rent (FMR) in Silverdale?
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 | 9 | 16 percent |
| One BR | 242 | 32 percent |
| Two BR | 350 | 20 percent |
Rental Units Below FMR in Silverdale, Washington
How many affordable rental units are in Silverdale?
There are a variety of federal affordable housing programs serving households in Silverdale, Washington including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 338 |
| Public Housing | 20 |
| Section 8 Project-Based Rental Assistance | 6 |
| USDA Section 515 Rural Rental Housing | 40 |
Tracked Units by Federal Program in Silverdale, Washington
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Silverdale, Washington
Silverdale features 218 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 Silverdale, Washington
There are 321 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Silverdale.
Housing Choice Vouchers in Silverdale, Washington
On average, Section 8 Housing Choice vouchers pay Silverdale landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Silverdale.
The maximum amount a voucher would pay on behalf of a low-income tenant in Silverdale, Washington for a two-bedroom apartment is between $1,844 and $2,254.
Sourced from federal housing data and AffordableHousingOnline.com research.
