What HUD offices serve Peridot, Arizona?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Arizona Public Housing and Low-Income Apartments Waiting Lists page for openings near Peridot.
How many renters live in Peridot, Arizona?
The City of Peridot has 1,465 people living in 306 households.
There are 271 renters living in 76 renter households in this City. Renters make up 18.5 percent of the population living in Peridot.
What is the rental market like in Peridot, Arizona?
There are an estimated 342 housing units in the Peridot area. Of these, 76 units are rental homes, making up 22 percent of the housing market. For every renter household in Peridot, Arizona, there are 1 rental units.
What is the vacancy rate for rentals in Peridot?
The rental vacancy rate in Peridot 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 Peridot for each bedroom size?
Occupied Rental Units by Size in Peridot
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 18 | 16 | 32 | 0 |
Occupied Rental Units by Size in Peridot
A large number of apartments in Peridot 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 Peridot are overburdened by housing costs?
Among renter households in this market, 18 percent have housing cost burden. Further, 0 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 Peridot
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $855 to $1,846. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $855 |
| One BR | $960 |
| Two BR | $1,262 |
| Three BR | $1,778 |
| Four BR | $1,846 |
2024 Fair Market Rents in Peridot, Arizona
How many units are rented at Fair Market Rent (FMR) in Peridot?
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 | 0 | 100 percent |
| Two BR | 0 | 100 percent |
Rental Units Below FMR in Peridot, Arizona
How many affordable rental units are in Peridot?
Income Based Apartments in Peridot, Arizona
Peridot 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 Peridot, Arizona
There are 130 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Peridot.
Housing Choice Vouchers in Peridot, Arizona
On average, Section 8 Housing Choice vouchers pay Peridot landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Peridot.
The maximum amount a voucher would pay on behalf of a low-income tenant in Peridot, Arizona for a two-bedroom apartment is between $1,136 and $1,388.
Sourced from federal housing data and AffordableHousingOnline.com research.
