What HUD offices serve Prattville, 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 Prattville.
How many renters live in Prattville, Alabama?
The City of Prattville has people living in households.
There are renters living in renter households in this City. Renters make up 29.45 percent of the population living in Prattville.
What is the rental market like in Prattville, Alabama?
There are an estimated housing units in the Prattville area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Prattville, Alabama, there are 1.07 rental units.
What is the vacancy rate for rentals in Prattville?
The rental vacancy rate in Prattville 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 Prattville for each bedroom size?
Occupied Rental Units by Size in Prattville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 9 648 1,627 1,821 725 Occupied Rental Units by Size in Prattville
A large number of apartments in Prattville 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 Prattville
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 Prattville, Alabama
How many units are rented at Fair Market Rent (FMR) in Prattville?
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 7 78 percent One BR 59 9 percent Two BR 672 41 percent Rental Units Below FMR in Prattville, Alabama
How many affordable rental units are in Prattville?
There are a variety of federal affordable housing programs serving households in
Prattville, Alabama including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Public Housing Section 8 Project-Based Rental Assistance Tracked Units by Federal Program in Prattville, Alabama
Income Based Apartments in Prattville, Alabama
Prattville features 156 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 Prattville, Alabama
There are 334 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Prattville.
Housing Choice Vouchers in Prattville, Alabama
On average, Section 8 Housing Choice vouchers pay Prattville landlords $1,000 per month towards rent. The average voucher holder contributes $300 towards rent in Prattville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Prattville, Alabama for a two-bedroom apartment is between $983 and $1,201.
Sourced from federal housing data and AffordableHousingOnline.com research.