How many renters live in Valley Head, Alabama?
The City of Valley Head has 810 people living in 268 households.
There are 97 renters living in 31 renter households in this City. Renters make up 11.98 percent of the population living in Valley Head.
What is the rental market like in Valley Head, Alabama?
There are an estimated 300 housing units in the Valley Head area. Of these, 31 units are rental homes, making up 10 percent of the housing market. For every renter household in Valley Head, Alabama, there are 1 rental units.
What is the vacancy rate for rentals in Valley Head?
The rental vacancy rate in Valley Head is 0 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 Valley Head for each bedroom size?
Occupied Rental Units by Size in Valley Head
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 6 | 16 | 9 |
Occupied Rental Units by Size in Valley Head
A large number of apartments in Valley Head 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 Valley Head are overburdened by housing costs?
Among renter households in this market, 42 percent have housing cost burden. Further, 13 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 Valley Head
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $642 to $1,391. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $642 |
| One BR | $652 |
| Two BR | $857 |
| Three BR | $1,159 |
| Four BR | $1,391 |
2024 Fair Market Rents in Valley Head, Alabama
How many units are rented at Fair Market Rent (FMR) in Valley Head?
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 |
| Two BR | 3 | 50 percent |
Rental Units Below FMR in Valley Head, Alabama
How many affordable rental units are in Valley Head?
There are a variety of federal affordable housing programs serving households in Valley Head, Alabama including the following:
| Federal Program | Unit Count |
| Public Housing | 10 |
Tracked Units by Federal Program in Valley Head, Alabama
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Valley Head, Alabama
Valley Head features 307 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 Valley Head, Alabama
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Valley Head.
Housing Choice Vouchers in Valley Head, Alabama
On average, Section 8 Housing Choice vouchers pay Valley Head landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Valley Head.
The maximum amount a voucher would pay on behalf of a low-income tenant in Valley Head, Alabama for a two-bedroom apartment is between $771 and $943.
Sourced from federal housing data and AffordableHousingOnline.com research.
