What HUD offices serve Montevallo, Alabama?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Alabama Public Housing and Low-Income Apartments Waiting Lists page for openings near Montevallo.
How many renters live in Montevallo, Alabama?
The City of Montevallo has people living in households.
There are renters living in renter households in this City. Renters make up 24.23 percent of the population living in Montevallo.
What is the rental market like in Montevallo, Alabama?
There are an estimated housing units in the Montevallo area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Montevallo, Alabama, there are 1.11 rental units.
What is the vacancy rate for rentals in Montevallo?
The rental vacancy rate in Montevallo 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 Montevallo for each bedroom size?
Occupied Rental Units by Size in Montevallo
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 18 | 108 | 356 | 307 | 15 |
Occupied Rental Units by Size in Montevallo
A large number of apartments in Montevallo 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 Montevallo
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $983 to $1,752. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $983 |
| One BR | $1,109 |
| Two BR | $1,245 |
| Three BR | $1,570 |
| Four BR | $1,752 |
2024 Fair Market Rents in Montevallo, Alabama
How many units are rented at Fair Market Rent (FMR) in Montevallo?
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 | 17 | 94 percent |
| One BR | 81 | 75 percent |
| Two BR | 296 | 83 percent |
Rental Units Below FMR in Montevallo, Alabama
How many affordable rental units are in Montevallo?
There are a variety of federal affordable housing programs serving households in Montevallo, Alabama including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Montevallo, Alabama
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Montevallo, Alabama
Montevallo features 167 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 Montevallo, Alabama
There are 128 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Montevallo.
Housing Choice Vouchers in Montevallo, Alabama
On average, Section 8 Housing Choice vouchers pay Montevallo landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Montevallo.
The maximum amount a voucher would pay on behalf of a low-income tenant in Montevallo, Alabama for a two-bedroom apartment is between $1,121 and $1,370.
Sourced from federal housing data and AffordableHousingOnline.com research.