Low Income Apartments and Affordable Housing For Rent in Prince of Wales Hyder Census Area, AK

Discover affordable housing in Prince of Wales Hyder Census Area where there are 0+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Prince of Wales Hyder Census Area, Alaska
$19.72/hour
$7.99 (+68%) more than Alaska minimum wage and $12.47 (+172%) more than the Federal minimum wage.
Learn More About Prince of Wales Hyder Census Area, Alaska Affordable Housing ↓

How many renters live in Prince of Wales Hyder Census Area, Alaska?

The County of Prince of Wales Hyder Census Area has 5,799 people living in 2,334 households.

There are 1,490 renters living in 639 renter households in this County. Renters make up 25.69 percent of the population living in Prince of Wales Hyder Census Area.

What is the rental market like in Prince of Wales Hyder Census Area, Alaska?

There are an estimated 3,252 housing units in the Prince of Wales Hyder Census Area area. Of these, 722 units are rental homes, making up 22 percent of the housing market. For every renter household in Prince of Wales Hyder Census Area, Alaska, there are 1 rental units.

What is the vacancy rate for rentals in Prince of Wales Hyder Census Area?

The rental vacancy rate in Prince of Wales Hyder Census Area is 10 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 Prince of Wales Hyder Census Area for each bedroom size?

Occupied Rental Units by Size in Prince of Wales Hyder Census Area
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
23 133 182 215 61
Occupied Rental Units by Size in Prince of Wales Hyder Census Area

A large number of apartments in Prince of Wales Hyder Census Area 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 Prince of Wales Hyder Census Area are overburdened by housing costs?

Among renter households in this market, 31 percent have housing cost burden. Further, 15 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 Prince of Wales Hyder Census Area

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $840 to $1,420. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $840
One BR $927
Two BR $1,041
Three BR $1,413
Four BR $1,420
2024 Fair Market Rents in Prince of Wales Hyder Census Area, Alaska

How many units are rented at Fair Market Rent (FMR) in Prince of Wales Hyder Census Area?

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 17 74 percent
One BR 90 68 percent
Two BR 103 57 percent
Rental Units Below FMR in Prince of Wales Hyder Census Area, Alaska

How many affordable rental units are in Prince of Wales Hyder Census Area?

Income Based Apartments in Prince of Wales Hyder Census Area, Alaska

Prince of Wales Hyder Census Area 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 Prince of Wales Hyder Census Area, Alaska

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Prince of Wales Hyder Census Area.

Housing Choice Vouchers in Prince of Wales Hyder Census Area, Alaska

On average, Section 8 Housing Choice vouchers pay Prince of Wales Hyder Census Area landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Prince of Wales Hyder Census Area.

The maximum amount a voucher would pay on behalf of a low-income tenant in Prince of Wales Hyder Census Area, Alaska for a two-bedroom apartment is between $937 and $1,145.

Sourced from federal housing data and AffordableHousingOnline.com research.