What HUD offices serve Canyon Lake, California?
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 California Public Housing and Low-Income Apartments Waiting Lists page for openings near Canyon Lake.
How many renters live in Canyon Lake, California?
The City of Canyon Lake has people living in households.
There are renters living in renter households in this City. Renters make up 19.33 percent of the population living in Canyon Lake.
What is the rental market like in Canyon Lake, California?
There are an estimated housing units in the Canyon Lake area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Canyon Lake, California, there are 1.04 rental units.
What is the vacancy rate for rentals in Canyon Lake?
The rental vacancy rate in Canyon Lake 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 Canyon Lake for each bedroom size?
Occupied Rental Units by Size in Canyon Lake
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 34 | 328 | 430 | 81 |
Occupied Rental Units by Size in Canyon Lake
A large number of apartments in Canyon Lake 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 Canyon Lake
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,517 to $3,304. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,517 |
| One BR | $1,611 |
| Two BR | $2,010 |
| Three BR | $2,707 |
| Four BR | $3,304 |
2024 Fair Market Rents in Canyon Lake, California
How many units are rented at Fair Market Rent (FMR) in Canyon Lake?
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 | 93 | 28 percent |
Rental Units Below FMR in Canyon Lake, California
How many affordable rental units are in Canyon Lake?
Income Based Apartments in Canyon Lake, California
Canyon Lake 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 Canyon Lake, California
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Canyon Lake.
Housing Choice Vouchers in Canyon Lake, California
On average, Section 8 Housing Choice vouchers pay Canyon Lake landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Canyon Lake.
The maximum amount a voucher would pay on behalf of a low-income tenant in Canyon Lake, California for a two-bedroom apartment is between $1,809 and $2,211.
Sourced from federal housing data and AffordableHousingOnline.com research.