What HUD offices serve Fort Payne, Alabama?
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 Alabama Public Housing and Low-Income Apartments Waiting Lists page for openings near Fort Payne.
How many renters live in Fort Payne, Alabama?
The City of Fort Payne has 14,815 people living in 5,814 households.
There are 4,250 renters living in 1,992 renter households in this City. Renters make up 28.69 percent of the population living in Fort Payne.
What is the rental market like in Fort Payne, Alabama?
There are an estimated 6,596 housing units in the Fort Payne area. Of these, 2,162 units are rental homes, making up 33 percent of the housing market. For every renter household in Fort Payne, Alabama, there are 1 rental units.
What is the vacancy rate for rentals in Fort Payne?
The rental vacancy rate in Fort Payne 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 Fort Payne for each bedroom size?
Occupied Rental Units by Size in Fort Payne
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 9 | 164 | 1,314 | 424 | 68 |
Occupied Rental Units by Size in Fort Payne
A large number of apartments in Fort Payne 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 Fort Payne are overburdened by housing costs?
Among renter households in this market, 39 percent have housing cost burden. Further, 22 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 Fort Payne
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $642 to $1,391. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $642 |
| One BR | $652 |
| Two BR | $857 |
| Three BR | $1,159 |
| Four BR | $1,391 |
2024 Fair Market Rents in Fort Payne, Alabama
How many units are rented at Fair Market Rent (FMR) in Fort Payne?
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 | 100 percent |
| One BR | 128 | 78 percent |
| Two BR | 923 | 70 percent |
Rental Units Below FMR in Fort Payne, Alabama
How many affordable rental units are in Fort Payne?
There are a variety of federal affordable housing programs serving households in Fort Payne, Alabama including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 144 |
| Public Housing | 245 |
| Section 8 Project-Based Rental Assistance | 64 |
| Section 202 Supportive Housing for the Elderly | 52 |
| USDA Section 515 Rural Rental Housing | 104 |
Tracked Units by Federal Program in Fort Payne, Alabama
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Fort Payne, Alabama
Fort Payne features 456 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 Fort Payne, Alabama
There are 252 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fort Payne.
Housing Choice Vouchers in Fort Payne, Alabama
On average, Section 8 Housing Choice vouchers pay Fort Payne landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Fort Payne.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fort Payne, Alabama for a two-bedroom apartment is between $771 and $943.
Sourced from federal housing data and AffordableHousingOnline.com research.
