How many renters live in Limestone County, Alabama?
The County of Limestone County has people living in households.
There are renters living in renter households in this County. Renters make up 18.04 percent of the population living in Limestone County.
What is the rental market like in Limestone County, Alabama?
There are an estimated housing units in the Limestone County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Limestone County, Alabama, there are 1.15 rental units.
What is the vacancy rate for rentals in Limestone County?
The rental vacancy rate in Limestone County is 8 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 Limestone County for each bedroom size?
Occupied Rental Units by Size in Limestone County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 322 | 1,135 | 2,982 | 3,090 | 866 |
Occupied Rental Units by Size in Limestone County
A large number of apartments in Limestone County 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 Limestone County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $900 to $1,937. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $900 |
| One BR | $1,067 |
| Two BR | $1,248 |
| Three BR | $1,619 |
| Four BR | $1,937 |
2024 Fair Market Rents in Limestone County, Alabama
How many units are rented at Fair Market Rent (FMR) in Limestone 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 | 229 | 71 percent |
| One BR | 771 | 68 percent |
| Two BR | 2,365 | 79 percent |
Rental Units Below FMR in Limestone County, Alabama
How many affordable rental units are in Limestone County?
There are a variety of federal affordable housing programs serving households in Limestone County, Alabama including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| Section 202 Supportive Housing for the Elderly | |
| Section 811 Supportive Housing for Persons with Disabilities | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Limestone County, Alabama
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Limestone County, Alabama
Limestone County features 1,962 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 Limestone County, Alabama
There are 1,183 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Limestone County.
Housing Choice Vouchers in Limestone County, Alabama
On average, Section 8 Housing Choice vouchers pay Limestone County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Limestone County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Limestone County, Alabama for a two-bedroom apartment is between $1,123 and $1,373.
Sourced from federal housing data and AffordableHousingOnline.com research.