How many renters live in Lowndes County, Alabama?
The County of Lowndes County has 10,153 people living in 4,001 households.
There are 2,034 renters living in 901 renter households in this County. Renters make up 20.03 percent of the population living in Lowndes County.
What is the rental market like in Lowndes County, Alabama?
There are an estimated 4,823 housing units in the Lowndes County area. Of these, 936 units are rental homes, making up 19 percent of the housing market. For every renter household in Lowndes County, Alabama, there are 1 rental units.
What is the vacancy rate for rentals in Lowndes County?
The rental vacancy rate in Lowndes County is 4 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 Lowndes County for each bedroom size?
Occupied Rental Units by Size in Lowndes County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 12 | 99 | 240 | 427 | 64 |
Occupied Rental Units by Size in Lowndes County
A large number of apartments in Lowndes 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 Lowndes County are overburdened by housing costs?
Among renter households in this market, 43 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 Lowndes County
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 Lowndes County, Alabama
How many units are rented at Fair Market Rent (FMR) in Lowndes 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 | 3 | 25 percent |
| One BR | 63 | 64 percent |
| Two BR | 191 | 80 percent |
Rental Units Below FMR in Lowndes County, Alabama
How many affordable rental units are in Lowndes County?
There are a variety of federal affordable housing programs serving households in Lowndes County, Alabama including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 143 |
| Section 8 Project-Based Rental Assistance | 1 |
| USDA Section 515 Rural Rental Housing | 123 |
Tracked Units by Federal Program in Lowndes County, Alabama
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Lowndes County, Alabama
Lowndes County features 171 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 Lowndes County, Alabama
There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lowndes County.
Housing Choice Vouchers in Lowndes County, Alabama
On average, Section 8 Housing Choice vouchers pay Lowndes County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Lowndes County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lowndes County, Alabama for a two-bedroom apartment is between $983 and $1,201.
Sourced from federal housing data and AffordableHousingOnline.com research.
