What HUD offices serve Nevada City, 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 Nevada City.
How many renters live in Nevada City, California?
The City of Nevada City has 3,142 people living in 1,373 households.
There are 1,692 renters living in 768 renter households in this City. Renters make up 53.85 percent of the population living in Nevada City.
What is the rental market like in Nevada City, California?
There are an estimated 1,550 housing units in the Nevada City area. Of these, 815 units are rental homes, making up 53 percent of the housing market. For every renter household in Nevada City, California, there are 1 rental units.
What is the vacancy rate for rentals in Nevada City?
The rental vacancy rate in Nevada City is 6 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 Nevada City for each bedroom size?
Occupied Rental Units by Size in Nevada City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 71 | 216 | 286 | 101 | 94 |
Occupied Rental Units by Size in Nevada City
A large number of apartments in Nevada City 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 Nevada City are overburdened by housing costs?
Among renter households in this market, 45 percent have housing cost burden. Further, 25 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 Nevada City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,209 to $2,708. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,209 |
| One BR | $1,217 |
| Two BR | $1,596 |
| Three BR | $2,249 |
| Four BR | $2,708 |
2024 Fair Market Rents in Nevada City, California
How many units are rented at Fair Market Rent (FMR) in Nevada City?
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 | 33 | 46 percent |
| One BR | 108 | 50 percent |
| Two BR | 89 | 31 percent |
Rental Units Below FMR in Nevada City, California
How many affordable rental units are in Nevada City?
Income Based Apartments in Nevada City, California
Nevada City 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 Nevada City, California
There are 51 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Nevada City.
Housing Choice Vouchers in Nevada City, California
On average, Section 8 Housing Choice vouchers pay Nevada City landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Nevada City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Nevada City, California for a two-bedroom apartment is between $1,436 and $1,756.
Sourced from federal housing data and AffordableHousingOnline.com research.
