What HUD offices serve Yelm, 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 Yelm.
How many renters live in Yelm, Washington?
The City of Yelm has people living in households.
There are renters living in renter households in this City. Renters make up 26.36 percent of the population living in Yelm.
What is the rental market like in Yelm, Washington?
There are an estimated housing units in the Yelm area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Yelm, Washington, there are 1.09 rental units.
What is the vacancy rate for rentals in Yelm?
The rental vacancy rate in Yelm is 9 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 Yelm for each bedroom size?
Occupied Rental Units by Size in Yelm
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 56 | 189 | 0 |
Occupied Rental Units by Size in Yelm
A large number of apartments in Yelm have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Yelm
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,341 to $3,058. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,341 |
| One BR | $1,554 |
| Two BR | $1,802 |
| Three BR | $2,531 |
| Four BR | $3,058 |
2024 Fair Market Rents in Yelm, Washington
How many units are rented at Fair Market Rent (FMR) in Yelm?
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 |
| Two BR | 56 | 100 percent |
Rental Units Below FMR in Yelm, Washington
How many affordable rental units are in Yelm?
Income Based Apartments in Yelm, Washington
Yelm features 114 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 Yelm, Washington
There are 127 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Yelm.
Housing Choice Vouchers in Yelm, Washington
On average, Section 8 Housing Choice vouchers pay Yelm landlords $800 per month towards rent. The average voucher holder contributes $500 towards rent in Yelm.
The maximum amount a voucher would pay on behalf of a low-income tenant in Yelm, Washington for a two-bedroom apartment is between $1,622 and $1,982.
Sourced from federal housing data and AffordableHousingOnline.com research.
