What HUD offices serve Rancho Cordova, 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 Rancho Cordova.
How many renters live in Rancho Cordova, California?
The City of Rancho Cordova has 80,594 people living in 28,661 households.
There are 32,178 renters living in 11,505 renter households in this City. Renters make up 39.93 percent of the population living in Rancho Cordova.
What is the rental market like in Rancho Cordova, California?
There are an estimated 28,381 housing units in the Rancho Cordova area. Of these, 11,673 units are rental homes, making up 41 percent of the housing market. For every renter household in Rancho Cordova, California, there are 1 rental units.
What is the vacancy rate for rentals in Rancho Cordova?
The rental vacancy rate in Rancho Cordova is 2 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 Rancho Cordova for each bedroom size?
Occupied Rental Units by Size in Rancho Cordova
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 685 | 2,237 | 4,866 | 2,817 | 720 |
Occupied Rental Units by Size in Rancho Cordova
A large number of apartments in Rancho Cordova 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 Rancho Cordova are overburdened by housing costs?
Among renter households in this market, 45 percent have housing cost burden. Further, 17 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 Rancho Cordova
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 Rancho Cordova, California
How many units are rented at Fair Market Rent (FMR) in Rancho Cordova?
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 | 383 | 56 percent |
| One BR | 1,650 | 74 percent |
| Two BR | 2,072 | 43 percent |
Rental Units Below FMR in Rancho Cordova, California
How many affordable rental units are in Rancho Cordova?
There are a variety of federal affordable housing programs serving households in Rancho Cordova, California including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 502 |
| Public Housing | 58 |
| Section 8 Project-Based Rental Assistance | 100 |
Tracked Units by Federal Program in Rancho Cordova, California
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Rancho Cordova, California
Rancho Cordova features 158 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 Rancho Cordova, California
There are 329 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rancho Cordova.
Housing Choice Vouchers in Rancho Cordova, California
On average, Section 8 Housing Choice vouchers pay Rancho Cordova landlords $800 per month towards rent. The average voucher holder contributes $500 towards rent in Rancho Cordova.
The maximum amount a voucher would pay on behalf of a low-income tenant in Rancho Cordova, California for a two-bedroom apartment is between $1,865 and $2,279.
Sourced from federal housing data and AffordableHousingOnline.com research.
