How many renters live in Pinetop, Arizona?
The City of Pinetop has 1,769 people living in 911 households.
There are 132 renters living in 43 renter households in this City. Renters make up 7.46 percent of the population living in Pinetop.
What is the rental market like in Pinetop, Arizona?
There are an estimated 3,448 housing units in the Pinetop area. Of these, 78 units are rental homes, making up 2 percent of the housing market. For every renter household in Pinetop, Arizona, there are 2 rental units.
What is the vacancy rate for rentals in Pinetop?
The rental vacancy rate in Pinetop is 45 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 Pinetop for each bedroom size?
Occupied Rental Units by Size in Pinetop
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 8 | 0 | 10 | 25 | 0 |
Occupied Rental Units by Size in Pinetop
A large number of apartments in Pinetop 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 Pinetop are overburdened by housing costs?
Among renter households in this market, 53 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 Pinetop
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $856 to $1,585. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $856 |
| One BR | $906 |
| Two BR | $1,190 |
| Three BR | $1,509 |
| Four BR | $1,585 |
2024 Fair Market Rents in Pinetop, Arizona
How many units are rented at Fair Market Rent (FMR) in Pinetop?
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 | 0 | 100 percent |
| Two BR | 10 | 100 percent |
Rental Units Below FMR in Pinetop, Arizona
How many affordable rental units are in Pinetop?
Income Based Apartments in Pinetop, Arizona
Pinetop 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 Pinetop, Arizona
There are 5 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pinetop.
Housing Choice Vouchers in Pinetop, Arizona
On average, Section 8 Housing Choice vouchers pay Pinetop landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Pinetop.
The maximum amount a voucher would pay on behalf of a low-income tenant in Pinetop, Arizona for a two-bedroom apartment is between $1,071 and $1,309.
Sourced from federal housing data and AffordableHousingOnline.com research.
