How many renters live in Lauderdale County, Alabama?
The County of Lauderdale County has 95,878 people living in 39,021 households.
There are 24,264 renters living in 11,701 renter households in this County. Renters make up 25.31 percent of the population living in Lauderdale County.
What is the rental market like in Lauderdale County, Alabama?
There are an estimated 44,705 housing units in the Lauderdale County area. Of these, 13,329 units are rental homes, making up 30 percent of the housing market. For every renter household in Lauderdale County, Alabama, there are 1 rental units.
What is the vacancy rate for rentals in Lauderdale County?
The rental vacancy rate in Lauderdale County 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 Lauderdale County for each bedroom size?
Occupied Rental Units by Size in Lauderdale County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 507 | 2,156 | 5,270 | 3,723 | 636 |
Occupied Rental Units by Size in Lauderdale County
A large number of apartments in Lauderdale 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 Lauderdale County are overburdened by housing costs?
Among renter households in this market, 32 percent have housing cost burden. Further, 17 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 Lauderdale County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $664 to $1,425. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $664 |
| One BR | $720 |
| Two BR | $940 |
| Three BR | $1,157 |
| Four BR | $1,425 |
2024 Fair Market Rents in Lauderdale County, Alabama
How many units are rented at Fair Market Rent (FMR) in Lauderdale 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 | 308 | 61 percent |
| One BR | 1,484 | 69 percent |
| Two BR | 3,779 | 72 percent |
Rental Units Below FMR in Lauderdale County, Alabama
How many affordable rental units are in Lauderdale County?
There are a variety of federal affordable housing programs serving households in Lauderdale County, Alabama including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 622 |
| Section 8 Project-Based Rental Assistance | 1,183 |
| Section 202 Supportive Housing for the Elderly | 40 |
| Section 811 Supportive Housing for Persons with Disabilities | 40 |
| USDA Section 515 Rural Rental Housing | 291 |
Tracked Units by Federal Program in Lauderdale County, Alabama
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Lauderdale County, Alabama
Lauderdale County features 1,319 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 Lauderdale County, Alabama
There are 592 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lauderdale County.
Housing Choice Vouchers in Lauderdale County, Alabama
On average, Section 8 Housing Choice vouchers pay Lauderdale County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Lauderdale County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lauderdale County, Alabama for a two-bedroom apartment is between $846 and $1,034.
Sourced from federal housing data and AffordableHousingOnline.com research.
