What HUD offices serve Grand Terrace, 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 Grand Terrace.
How many renters live in Grand Terrace, California?
The City of Grand Terrace has 13,104 people living in 4,652 households.
There are 4,064 renters living in 1,690 renter households in this City. Renters make up 31.01 percent of the population living in Grand Terrace.
What is the rental market like in Grand Terrace, California?
There are an estimated 4,973 housing units in the Grand Terrace area. Of these, 1,872 units are rental homes, making up 38 percent of the housing market. For every renter household in Grand Terrace, California, there are 1 rental units.
What is the vacancy rate for rentals in Grand Terrace?
The rental vacancy rate in Grand Terrace is 9 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 Grand Terrace for each bedroom size?
Occupied Rental Units by Size in Grand Terrace
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 120 | 402 | 707 | 148 | 313 |
Occupied Rental Units by Size in Grand Terrace
A large number of apartments in Grand Terrace 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 Grand Terrace are overburdened by housing costs?
Among renter households in this market, 40 percent have housing cost burden. Further, 13 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 Grand Terrace
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 Grand Terrace, California
How many units are rented at Fair Market Rent (FMR) in Grand Terrace?
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 | 22 | 18 percent |
| One BR | 191 | 48 percent |
| Two BR | 177 | 25 percent |
Rental Units Below FMR in Grand Terrace, California
How many affordable rental units are in Grand Terrace?
There are a variety of federal affordable housing programs serving households in Grand Terrace, California including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 107 |
Tracked Units by Federal Program in Grand Terrace, California
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Grand Terrace, California
Grand Terrace 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 Grand Terrace, California
There are 120 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grand Terrace.
Housing Choice Vouchers in Grand Terrace, California
On average, Section 8 Housing Choice vouchers pay Grand Terrace landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Grand Terrace.
The maximum amount a voucher would pay on behalf of a low-income tenant in Grand Terrace, California for a two-bedroom apartment is between $1,809 and $2,211.
Sourced from federal housing data and AffordableHousingOnline.com research.
