How many renters live in Spanish Fort, Alabama?
The City of Spanish Fort has people living in households.
There are renters living in renter households in this City. Renters make up 18.77 percent of the population living in Spanish Fort.
What is the rental market like in Spanish Fort, Alabama?
There are an estimated housing units in the Spanish Fort area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Spanish Fort, Alabama, there are 1.24 rental units.
What is the vacancy rate for rentals in Spanish Fort?
The rental vacancy rate in Spanish Fort is 18 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 Spanish Fort for each bedroom size?
Occupied Rental Units by Size in Spanish Fort
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 24 | 400 | 523 | 124 | 163 |
Occupied Rental Units by Size in Spanish Fort
A large number of apartments in Spanish Fort 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 Spanish Fort
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,051 to $2,114. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,051 |
| One BR | $1,056 |
| Two BR | $1,362 |
| Three BR | $1,670 |
| Four BR | $2,114 |
2024 Fair Market Rents in Spanish Fort, Alabama
How many units are rented at Fair Market Rent (FMR) in Spanish Fort?
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 | 0 | 100 percent |
| One BR | 45 | 11 percent |
| Two BR | 305 | 58 percent |
Rental Units Below FMR in Spanish Fort, Alabama
How many affordable rental units are in Spanish Fort?
There are a variety of federal affordable housing programs serving households in Spanish Fort, Alabama including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit |
Tracked Units by Federal Program in Spanish Fort, Alabama
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Spanish Fort, Alabama
Spanish Fort features 0 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 Spanish Fort, Alabama
There are 104 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Spanish Fort.
Housing Choice Vouchers in Spanish Fort, Alabama
On average, Section 8 Housing Choice vouchers pay Spanish Fort landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Spanish Fort.
The maximum amount a voucher would pay on behalf of a low-income tenant in Spanish Fort, Alabama for a two-bedroom apartment is between $1,226 and $1,498.
Sourced from federal housing data and AffordableHousingOnline.com research.