What HUD offices serve Sierra Madre, 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 Sierra Madre.
How many renters live in Sierra Madre, California?
The City of Sierra Madre has 11,151 people living in 5,018 households.
There are 4,020 renters living in 2,196 renter households in this City. Renters make up 36.05 percent of the population living in Sierra Madre.
What is the rental market like in Sierra Madre, California?
There are an estimated 5,589 housing units in the Sierra Madre area. Of these, 2,261 units are rental homes, making up 40 percent of the housing market. For every renter household in Sierra Madre, California, there are 1 rental units.
What is the vacancy rate for rentals in Sierra Madre?
The rental vacancy rate in Sierra Madre 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 Sierra Madre for each bedroom size?
Occupied Rental Units by Size in Sierra Madre
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 73 | 529 | 1,138 | 404 | 52 |
Occupied Rental Units by Size in Sierra Madre
A large number of apartments in Sierra Madre 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 Sierra Madre are overburdened by housing costs?
Among renter households in this market, 41 percent have housing cost burden. Further, 18 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 Sierra Madre
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,777 to $3,600. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,777 |
| One BR | $2,006 |
| Two BR | $2,544 |
| Three BR | $3,263 |
| Four BR | $3,600 |
2024 Fair Market Rents in Sierra Madre, California
How many units are rented at Fair Market Rent (FMR) in Sierra Madre?
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 | 17 | 23 percent |
| One BR | 202 | 38 percent |
| Two BR | 94 | 8 percent |
Rental Units Below FMR in Sierra Madre, California
How many affordable rental units are in Sierra Madre?
There are a variety of federal affordable housing programs serving households in Sierra Madre, California including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 45 |
Tracked Units by Federal Program in Sierra Madre, California
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Sierra Madre, California
Sierra Madre 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 Sierra Madre, California
There are 43 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sierra Madre.
Housing Choice Vouchers in Sierra Madre, California
On average, Section 8 Housing Choice vouchers pay Sierra Madre landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Sierra Madre.
The maximum amount a voucher would pay on behalf of a low-income tenant in Sierra Madre, California for a two-bedroom apartment is between $2,290 and $2,798.
Sourced from federal housing data and AffordableHousingOnline.com research.
