How many renters live in Apache County, Arizona?
The County of Apache County has 65,432 people living in 20,690 households.
There are 14,210 renters living in 4,341 renter households in this County. Renters make up 21.72 percent of the population living in Apache County.
What is the rental market like in Apache County, Arizona?
There are an estimated 29,032 housing units in the Apache County area. Of these, 4,395 units are rental homes, making up 15 percent of the housing market. For every renter household in Apache County, Arizona, there are 1 rental units.
What is the vacancy rate for rentals in Apache County?
The rental vacancy rate in Apache County is 9 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 Apache County for each bedroom size?
Occupied Rental Units by Size in Apache County
Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
---|---|---|---|---|
498 | 350 | 1,201 | 1,430 | 419 |
Occupied Rental Units by Size in Apache County
A large number of apartments in Apache County 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 Apache County are overburdened by housing costs?
Among renter households in this market, 18 percent have housing cost burden. Further, 8 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 Apache County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $716 to $1,461. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size | 2024 Fair Market Rents |
Studio | $716 |
One BR | $804 |
Two BR | $1,057 |
Three BR | $1,417 |
Four BR | $1,461 |
2024 Fair Market Rents in Apache County, Arizona
How many units are rented at Fair Market Rent (FMR) in Apache County?
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 | 344 | 69 percent |
One BR | 153 | 44 percent |
Two BR | 945 | 79 percent |
Rental Units Below FMR in Apache County, Arizona
How many affordable rental units are in Apache County?
There are a variety of federal affordable housing programs serving households in Apache County, Arizona including the following:
Federal Program | Unit Count |
Low Income Housing Tax Credit | 92 |
Section 8 Project-Based Rental Assistance | 62 |
USDA Section 515 Rural Rental Housing | 221 |
Tracked Units by Federal Program in Apache County, Arizona
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Apache County, Arizona
Apache County features 248 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 Apache County, Arizona
There are 144 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Apache County.
Housing Choice Vouchers in Apache County, Arizona
On average, Section 8 Housing Choice vouchers pay Apache County landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Apache County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Apache County, Arizona for a two-bedroom apartment is between $951 and $1,163.
Sourced from federal housing data and AffordableHousingOnline.com research.