How many renters live in Marion County, Alabama?
The County of Marion County has 29,203 people living in 11,018 households.
There are 6,987 renters living in 2,987 renter households in this County. Renters make up 23.93 percent of the population living in Marion County.
What is the rental market like in Marion County, Alabama?
There are an estimated 14,143 housing units in the Marion County area. Of these, 3,581 units are rental homes, making up 25 percent of the housing market. For every renter household in Marion County, Alabama, there are 1 rental units.
What is the vacancy rate for rentals in Marion County?
The rental vacancy rate in Marion County is 12 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 Marion County for each bedroom size?
Occupied Rental Units by Size in Marion County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 277 | 381 | 1,255 | 835 | 230 |
Occupied Rental Units by Size in Marion County
A large number of apartments in Marion 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 Marion County are overburdened by housing costs?
Among renter households in this market, 36 percent have housing cost burden. Further, 7 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 Marion County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $581 to $1,454. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $581 |
| One BR | $652 |
| Two BR | $857 |
| Three BR | $1,091 |
| Four BR | $1,454 |
2024 Fair Market Rents in Marion County, Alabama
How many units are rented at Fair Market Rent (FMR) in Marion 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 | 272 | 98 percent |
| One BR | 327 | 86 percent |
| Two BR | 1,114 | 89 percent |
Rental Units Below FMR in Marion County, Alabama
How many affordable rental units are in Marion County?
There are a variety of federal affordable housing programs serving households in Marion County, Alabama including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 228 |
| Public Housing | 784 |
| Section 8 Project-Based Rental Assistance | 92 |
| Section 811 Supportive Housing for Persons with Disabilities | 18 |
| USDA Section 515 Rural Rental Housing | 361 |
Tracked Units by Federal Program in Marion County, Alabama
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Marion County, Alabama
Marion County features 1,262 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 Marion County, Alabama
There are 270 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marion County.
Housing Choice Vouchers in Marion County, Alabama
On average, Section 8 Housing Choice vouchers pay Marion County landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in Marion County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Marion County, Alabama for a two-bedroom apartment is between $771 and $943.
Sourced from federal housing data and AffordableHousingOnline.com research.
