What HUD offices serve Diamond Springs, 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 Diamond Springs.
How many renters live in Diamond Springs, California?
The City of Diamond Springs has 12,197 people living in 5,100 households.
There are 4,203 renters living in 1,684 renter households in this City. Renters make up 34.46 percent of the population living in Diamond Springs.
What is the rental market like in Diamond Springs, California?
There are an estimated 5,547 housing units in the Diamond Springs area. Of these, 1,829 units are rental homes, making up 33 percent of the housing market. For every renter household in Diamond Springs, California, there are 1 rental units.
What is the vacancy rate for rentals in Diamond Springs?
The rental vacancy rate in Diamond Springs is 8 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 Diamond Springs for each bedroom size?
Occupied Rental Units by Size in Diamond Springs
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 49 | 439 | 284 | 772 | 140 |
Occupied Rental Units by Size in Diamond Springs
A large number of apartments in Diamond Springs 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 Diamond Springs are overburdened by housing costs?
Among renter households in this market, 44 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 Diamond Springs
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,543 to $3,321. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,543 |
| One BR | $1,666 |
| Two BR | $2,072 |
| Three BR | $2,884 |
| Four BR | $3,321 |
2024 Fair Market Rents in Diamond Springs, California
How many units are rented at Fair Market Rent (FMR) in Diamond Springs?
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 | 49 | 100 percent |
| One BR | 162 | 37 percent |
| Two BR | 132 | 46 percent |
Rental Units Below FMR in Diamond Springs, California
How many affordable rental units are in Diamond Springs?
There are a variety of federal affordable housing programs serving households in Diamond Springs, California including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 61 |
| Section 8 Project-Based Rental Assistance | 54 |
| Section 202 Supportive Housing for the Elderly | 60 |
| USDA Section 515 Rural Rental Housing | 63 |
Tracked Units by Federal Program in Diamond Springs, California
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Diamond Springs, California
Diamond Springs features 63 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 Diamond Springs, California
There are 62 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Diamond Springs.
Housing Choice Vouchers in Diamond Springs, California
On average, Section 8 Housing Choice vouchers pay Diamond Springs landlords $800 per month towards rent. The average voucher holder contributes $500 towards rent in Diamond Springs.
The maximum amount a voucher would pay on behalf of a low-income tenant in Diamond Springs, California for a two-bedroom apartment is between $1,865 and $2,279.
Sourced from federal housing data and AffordableHousingOnline.com research.
