How many renters live in Cabell County, West Virginia?
The County of Cabell County has 92,730 people living in 38,887 households.
There are 26,939 renters living in 13,054 renter households in this County. Renters make up 29.05 percent of the population living in Cabell County.
What is the rental market like in Cabell County, West Virginia?
There are an estimated 46,101 housing units in the Cabell County area. Of these, 14,958 units are rental homes, making up 32 percent of the housing market. For every renter household in Cabell County, West Virginia, there are 1 rental units.
What is the vacancy rate for rentals in Cabell County?
The rental vacancy rate in Cabell County is 6 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 Cabell County for each bedroom size?
Occupied Rental Units by Size in Cabell County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 753 | 3,261 | 5,972 | 2,081 | 987 |
Occupied Rental Units by Size in Cabell County
A large number of apartments in Cabell County 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 Cabell County are overburdened by housing costs?
Among renter households in this market, 55 percent have housing cost burden. Further, 34 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 Cabell County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $793 to $1,431. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $793 |
| One BR | $815 |
| Two BR | $938 |
| Three BR | $1,236 |
| Four BR | $1,431 |
2024 Fair Market Rents in Cabell County, West Virginia
How many units are rented at Fair Market Rent (FMR) in Cabell County?
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 | 341 | 45 percent |
| One BR | 1,580 | 48 percent |
| Two BR | 2,969 | 50 percent |
Rental Units Below FMR in Cabell County, West Virginia
How many affordable rental units are in Cabell County?
There are a variety of federal affordable housing programs serving households in Cabell County, West Virginia including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 634 |
| Public Housing | 798 |
| Section 8 Project-Based Rental Assistance | 811 |
| Mod Rehab Project-Based Rental Assistance | 94 |
| Section 202 Supportive Housing for the Elderly | 38 |
| Section 811 Supportive Housing for Persons with Disabilities | 72 |
| USDA Section 515 Rural Rental Housing | 318 |
Tracked Units by Federal Program in Cabell County, West Virginia
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Cabell County, West Virginia
Cabell County features 2,084 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 Cabell County, West Virginia
There are 417 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cabell County.
Housing Choice Vouchers in Cabell County, West Virginia
On average, Section 8 Housing Choice vouchers pay Cabell County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Cabell County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Cabell County, West Virginia for a two-bedroom apartment is between $844 and $1,032.
Sourced from federal housing data and AffordableHousingOnline.com research.
