How many renters live in Springerville, Arizona?
The City of Springerville has people living in households.
There are renters living in renter households in this City. Renters make up 27.52 percent of the population living in Springerville.
What is the rental market like in Springerville, Arizona?
There are an estimated housing units in the Springerville area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Springerville, Arizona, there are 1.28 rental units.
What is the vacancy rate for rentals in Springerville?
The rental vacancy rate in Springerville is 22 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 Springerville for each bedroom size?
Occupied Rental Units by Size in Springerville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 25 | 43 | 61 | 86 | 13 |
Occupied Rental Units by Size in Springerville
A large number of apartments in Springerville 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 Springerville
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 Springerville, Arizona
How many units are rented at Fair Market Rent (FMR) in Springerville?
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 | 23 | 92 percent |
| One BR | 37 | 86 percent |
| Two BR | 47 | 77 percent |
Rental Units Below FMR in Springerville, Arizona
How many affordable rental units are in Springerville?
There are a variety of federal affordable housing programs serving households in Springerville, Arizona including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Springerville, Arizona
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Springerville, Arizona
Springerville features 56 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 Springerville, Arizona
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Springerville.
Housing Choice Vouchers in Springerville, Arizona
On average, Section 8 Housing Choice vouchers pay Springerville landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Springerville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Springerville, Arizona for a two-bedroom apartment is between $951 and $1,163.
Sourced from federal housing data and AffordableHousingOnline.com research.