How many renters live in Russell County, Alabama?
The County of Russell County has 58,849 people living in 23,462 households.
There are 21,617 renters living in 9,111 renter households in this County. Renters make up 36.73 percent of the population living in Russell County.
What is the rental market like in Russell County, Alabama?
There are an estimated 27,382 housing units in the Russell County area. Of these, 10,368 units are rental homes, making up 38 percent of the housing market. For every renter household in Russell County, Alabama, there are 1 rental units.
What is the vacancy rate for rentals in Russell County?
The rental vacancy rate in Russell County is 11 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 Russell County for each bedroom size?
Occupied Rental Units by Size in Russell County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 235 | 1,206 | 3,746 | 3,367 | 494 |
Occupied Rental Units by Size in Russell County
A large number of apartments in Russell 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 Russell County are overburdened by housing costs?
Among renter households in this market, 48 percent have housing cost burden. Further, 24 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 Russell County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $828 to $1,743. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $828 |
| One BR | $881 |
| Two BR | $1,031 |
| Three BR | $1,372 |
| Four BR | $1,743 |
2024 Fair Market Rents in Russell County, Alabama
How many units are rented at Fair Market Rent (FMR) in Russell 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 | 102 | 43 percent |
| One BR | 893 | 74 percent |
| Two BR | 2,865 | 76 percent |
Rental Units Below FMR in Russell County, Alabama
How many affordable rental units are in Russell County?
There are a variety of federal affordable housing programs serving households in Russell County, Alabama including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 470 |
| Public Housing | 689 |
| Section 8 Project-Based Rental Assistance | 151 |
| USDA Section 515 Rural Rental Housing | 47 |
Tracked Units by Federal Program in Russell County, Alabama
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Russell County, Alabama
Russell County features 47 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 Russell County, Alabama
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Russell County.
Housing Choice Vouchers in Russell County, Alabama
On average, Section 8 Housing Choice vouchers pay Russell County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Russell County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Russell County, Alabama for a two-bedroom apartment is between $928 and $1,134.
Sourced from federal housing data and AffordableHousingOnline.com research.
