What HUD offices serve Commerce, 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 Commerce.
How many renters live in Commerce, California?
The City of Commerce has 12,253 people living in 3,472 households.
There are 4,604 renters living in 1,551 renter households in this City. Renters make up 37.57 percent of the population living in Commerce.
What is the rental market like in Commerce, California?
There are an estimated 3,505 housing units in the Commerce area. Of these, 1,551 units are rental homes, making up 44 percent of the housing market. For every renter household in Commerce, California, there are 1 rental units.
What is the vacancy rate for rentals in Commerce?
The rental vacancy rate in Commerce 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 Commerce for each bedroom size?
Occupied Rental Units by Size in Commerce
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 95 | 662 | 501 | 245 | 40 |
Occupied Rental Units by Size in Commerce
A large number of apartments in Commerce 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 Commerce are overburdened by housing costs?
Among renter households in this market, 55 percent have housing cost burden. Further, 34 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 Commerce
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,777 to $3,600. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,777 |
| One BR | $2,006 |
| Two BR | $2,544 |
| Three BR | $3,263 |
| Four BR | $3,600 |
2024 Fair Market Rents in Commerce, California
How many units are rented at Fair Market Rent (FMR) in Commerce?
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 | 89 | 94 percent |
| One BR | 554 | 84 percent |
| Two BR | 236 | 47 percent |
Rental Units Below FMR in Commerce, California
How many affordable rental units are in Commerce?
There are a variety of federal affordable housing programs serving households in Commerce, California including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 93 |
| Section 8 Project-Based Rental Assistance | 89 |
| Section 811 Supportive Housing for Persons with Disabilities | 23 |
Tracked Units by Federal Program in Commerce, California
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Commerce, California
Commerce features 153 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 Commerce, California
There are 94 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Commerce.
Housing Choice Vouchers in Commerce, California
On average, Section 8 Housing Choice vouchers pay Commerce landlords $1,100 per month towards rent. The average voucher holder contributes $500 towards rent in Commerce.
The maximum amount a voucher would pay on behalf of a low-income tenant in Commerce, California for a two-bedroom apartment is between $2,290 and $2,798.
Sourced from federal housing data and AffordableHousingOnline.com research.
