How many renters live in Alabama, Alabama?
The State of Alabama has 58,761 people living in 22,308 households.
There are 12,813 renters living in 5,476 renter households in this State. Renters make up 21.81 percent of the population living in Alabama.
What is the rental market like in Alabama, Alabama?
There are an estimated 24,457 housing units in the Alabama area. Of these, 5,769 units are rental homes, making up 24 percent of the housing market. For every renter household in Alabama, Alabama, there are 1 rental units.
What is the vacancy rate for rentals in Alabama?
The rental vacancy rate in Alabama 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 Alabama for each bedroom size?
Occupied Rental Units by Size in Alabama
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 12 | 661 | 1,797 | 2,087 | 885 |
Occupied Rental Units by Size in Alabama
A large number of apartments in Alabama 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 Alabama are overburdened by housing costs?
Among renter households in this market, 27 percent have housing cost burden. Further, 16 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 many units are rented at Fair Market Rent (FMR) in Alabama?
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 | 58 percent |
| One BR | 94 | 14 percent |
| Two BR | 903 | 50 percent |
Rental Units Below FMR in Alabama, Alabama
How many affordable rental units are in Alabama?
There are a variety of federal affordable housing programs serving households in Alabama, Alabama including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 499 |
| Public Housing | 106 |
| Section 8 Project-Based Rental Assistance | 51 |
| USDA Section 515 Rural Rental Housing | 28 |
Tracked Units by Federal Program in Alabama, Alabama
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Alabama, Alabama
Alabama features 68,065 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 Alabama, Alabama
There are 30,139 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Alabama.
Housing Choice Vouchers in Alabama, Alabama
On average, Section 8 Housing Choice vouchers pay Alabama landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Alabama.
The maximum amount a voucher would pay on behalf of a low-income tenant in Alabama, Alabama for a two-bedroom apartment is between $983 and $1,201.
Sourced from federal housing data and AffordableHousingOnline.com research.
