How many renters live in Sterling, Alaska?
The City of Sterling has people living in households.
There are renters living in renter households in this City. Renters make up 15.52 percent of the population living in Sterling.
What is the rental market like in Sterling, Alaska?
There are an estimated housing units in the Sterling area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Sterling, Alaska, there are 1.09 rental units.
What is the vacancy rate for rentals in Sterling?
The rental vacancy rate in Sterling is 2 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 Sterling for each bedroom size?
Occupied Rental Units by Size in Sterling
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 33 | 112 | 126 | 29 |
Occupied Rental Units by Size in Sterling
A large number of apartments in Sterling 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 Sterling
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $984 to $2,090. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $984 |
| One BR | $990 |
| Two BR | $1,301 |
| Three BR | $1,833 |
| Four BR | $2,090 |
2024 Fair Market Rents in Sterling, Alaska
How many units are rented at Fair Market Rent (FMR) in Sterling?
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 |
| One BR | 33 | 100 percent |
| Two BR | 64 | 57 percent |
Rental Units Below FMR in Sterling, Alaska
How many affordable rental units are in Sterling?
Income Based Apartments in Sterling, Alaska
Sterling 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 Sterling, Alaska
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sterling.
Housing Choice Vouchers in Sterling, Alaska
On average, Section 8 Housing Choice vouchers pay Sterling landlords $600 per month towards rent. The average voucher holder contributes $500 towards rent in Sterling.
The maximum amount a voucher would pay on behalf of a low-income tenant in Sterling, Alaska for a two-bedroom apartment is between $1,171 and $1,431.
Sourced from federal housing data and AffordableHousingOnline.com research.