What HUD offices serve Granite Bay, 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 Granite Bay.
How many renters live in Granite Bay, California?
The City of Granite Bay has people living in households.
There are renters living in renter households in this City. Renters make up 8.19 percent of the population living in Granite Bay.
What is the rental market like in Granite Bay, California?
There are an estimated housing units in the Granite Bay area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Granite Bay, California, there are 1.14 rental units.
What is the vacancy rate for rentals in Granite Bay?
The rental vacancy rate in Granite Bay is 13 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 Granite Bay for each bedroom size?
Occupied Rental Units by Size in Granite Bay
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 59 | 71 | 73 | 301 | 134 |
Occupied Rental Units by Size in Granite Bay
A large number of apartments in Granite Bay 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 Granite Bay
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 Granite Bay, California
How many units are rented at Fair Market Rent (FMR) in Granite Bay?
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 | 14 | 24 percent |
| One BR | 0 | 100 percent |
| Two BR | 21 | 29 percent |
Rental Units Below FMR in Granite Bay, California
How many affordable rental units are in Granite Bay?
Income Based Apartments in Granite Bay, California
Granite Bay 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 Granite Bay, California
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Granite Bay.
Housing Choice Vouchers in Granite Bay, California
On average, Section 8 Housing Choice vouchers pay Granite Bay landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Granite Bay.
The maximum amount a voucher would pay on behalf of a low-income tenant in Granite Bay, California for a two-bedroom apartment is between $1,865 and $2,279.
Sourced from federal housing data and AffordableHousingOnline.com research.