What HUD offices serve Rancho Santa Margarita, 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 Santa Margarita.
How many renters live in Rancho Santa Margarita, California?
The City of Rancho Santa Margarita has people living in households.
There are renters living in renter households in this City. Renters make up 25.06 percent of the population living in Rancho Santa Margarita.
What is the rental market like in Rancho Santa Margarita, California?
There are an estimated housing units in the Rancho Santa Margarita area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Rancho Santa Margarita, California, there are 1.04 rental units.
What is the vacancy rate for rentals in Rancho Santa Margarita?
The rental vacancy rate in Rancho Santa Margarita is 3 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 Santa Margarita for each bedroom size?
Occupied Rental Units by Size in Rancho Santa Margarita
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 555 | 1,246 | 1,742 | 732 | 236 |
Occupied Rental Units by Size in Rancho Santa Margarita
A large number of apartments in Rancho Santa Margarita 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 Rancho Santa Margarita
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $2,200 to $4,467. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $2,200 |
| One BR | $2,344 |
| Two BR | $2,783 |
| Three BR | $3,769 |
| Four BR | $4,467 |
2024 Fair Market Rents in Rancho Santa Margarita, California
How many units are rented at Fair Market Rent (FMR) in Rancho Santa Margarita?
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 | 0 | 100 percent |
| One BR | 51 | 4 percent |
| Two BR | 31 | 2 percent |
Rental Units Below FMR in Rancho Santa Margarita, California
How many affordable rental units are in Rancho Santa Margarita?
Income Based Apartments in Rancho Santa Margarita, California
Rancho Santa Margarita 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 Rancho Santa Margarita, California
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rancho Santa Margarita.
Housing Choice Vouchers in Rancho Santa Margarita, California
On average, Section 8 Housing Choice vouchers pay Rancho Santa Margarita landlords $1,400 per month towards rent. The average voucher holder contributes $400 towards rent in Rancho Santa Margarita.
The maximum amount a voucher would pay on behalf of a low-income tenant in Rancho Santa Margarita, California for a two-bedroom apartment is between $2,505 and $3,061.
Sourced from federal housing data and AffordableHousingOnline.com research.