How many renters live in Centreville, Alabama?
The City of Centreville has 2,782 people living in 1,061 households.
There are 528 renters living in 343 renter households in this City. Renters make up 18.98 percent of the population living in Centreville.
What is the rental market like in Centreville, Alabama?
There are an estimated 1,296 housing units in the Centreville area. Of these, 360 units are rental homes, making up 28 percent of the housing market. For every renter household in Centreville, Alabama, there are 1 rental units.
What is the vacancy rate for rentals in Centreville?
The rental vacancy rate in Centreville is 5 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 Centreville for each bedroom size?
Occupied Rental Units by Size in Centreville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 10 | 281 | 28 | 24 |
Occupied Rental Units by Size in Centreville
A large number of apartments in Centreville 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 Centreville are overburdened by housing costs?
Among renter households in this market, 71 percent have housing cost burden. Further, 25 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 Centreville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $983 to $1,752. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $983 |
| One BR | $1,109 |
| Two BR | $1,245 |
| Three BR | $1,570 |
| Four BR | $1,752 |
2024 Fair Market Rents in Centreville, Alabama
How many units are rented at Fair Market Rent (FMR) in Centreville?
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 |
| One BR | 10 | 100 percent |
| Two BR | 272 | 97 percent |
Rental Units Below FMR in Centreville, Alabama
How many affordable rental units are in Centreville?
There are a variety of federal affordable housing programs serving households in Centreville, Alabama including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 166 |
| USDA Section 515 Rural Rental Housing | 156 |
Tracked Units by Federal Program in Centreville, Alabama
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Centreville, Alabama
Centreville features 206 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 Centreville, Alabama
There are 146 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Centreville.
Housing Choice Vouchers in Centreville, Alabama
On average, Section 8 Housing Choice vouchers pay Centreville landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Centreville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Centreville, Alabama for a two-bedroom apartment is between $1,121 and $1,370.
Sourced from federal housing data and AffordableHousingOnline.com research.
