How many renters live in Show Low, Arizona?
The City of Show Low has people living in households.
There are renters living in renter households in this City. Renters make up 33.41 percent of the population living in Show Low.
What is the rental market like in Show Low, Arizona?
There are an estimated housing units in the Show Low area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Show Low, Arizona, there are 1.09 rental units.
What is the vacancy rate for rentals in Show Low?
The rental vacancy rate in Show Low is 3 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 Show Low for each bedroom size?
Occupied Rental Units by Size in Show Low
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 59 | 163 | 712 | 585 | 22 |
Occupied Rental Units by Size in Show Low
A large number of apartments in Show Low 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 Show Low
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 Show Low, Arizona
How many units are rented at Fair Market Rent (FMR) in Show Low?
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 | 21 | 36 percent |
| One BR | 79 | 48 percent |
| Two BR | 341 | 48 percent |
Rental Units Below FMR in Show Low, Arizona
How many affordable rental units are in Show Low?
There are a variety of federal affordable housing programs serving households in Show Low, Arizona including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Show Low, Arizona
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Show Low, Arizona
Show Low features 162 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 Show Low, Arizona
There are 272 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Show Low.
Housing Choice Vouchers in Show Low, Arizona
On average, Section 8 Housing Choice vouchers pay Show Low landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Show Low.
The maximum amount a voucher would pay on behalf of a low-income tenant in Show Low, Arizona for a two-bedroom apartment is between $1,071 and $1,309.
Sourced from federal housing data and AffordableHousingOnline.com research.