How many renters live in Hayneville, Alabama?
The City of Hayneville has people living in households.
There are renters living in renter households in this City. Renters make up 33.33 percent of the population living in Hayneville.
What is the rental market like in Hayneville, Alabama?
There are an estimated housing units in the Hayneville area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Hayneville, Alabama, there are 1.07 rental units.
What is the vacancy rate for rentals in Hayneville?
The rental vacancy rate in Hayneville is 7 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 Hayneville for each bedroom size?
Occupied Rental Units by Size in Hayneville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 3 | 27 | 29 | 98 | 9 |
Occupied Rental Units by Size in Hayneville
A large number of apartments in Hayneville 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 Hayneville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $836 to $1,753. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $836 |
| One BR | $913 |
| Two BR | $1,092 |
| Three BR | $1,383 |
| Four BR | $1,753 |
2024 Fair Market Rents in Hayneville, Alabama
How many units are rented at Fair Market Rent (FMR) in Hayneville?
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 | 0 | 100 percent |
| One BR | 20 | 74 percent |
| Two BR | 21 | 72 percent |
Rental Units Below FMR in Hayneville, Alabama
How many affordable rental units are in Hayneville?
There are a variety of federal affordable housing programs serving households in Hayneville, Alabama including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Hayneville, Alabama
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Hayneville, Alabama
Hayneville features 102 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 Hayneville, Alabama
There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hayneville.
Housing Choice Vouchers in Hayneville, Alabama
On average, Section 8 Housing Choice vouchers pay Hayneville landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Hayneville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hayneville, Alabama for a two-bedroom apartment is between $983 and $1,201.
Sourced from federal housing data and AffordableHousingOnline.com research.