What HUD offices serve Cave Spring, Georgia?
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 Georgia Public Housing and Low-Income Apartments Waiting Lists page for openings near Cave Spring.
How many renters live in Cave Spring, Georgia?
The City of Cave Spring has people living in households.
There are renters living in renter households in this City. Renters make up 32.38 percent of the population living in Cave Spring.
What is the rental market like in Cave Spring, Georgia?
There are an estimated housing units in the Cave Spring area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Cave Spring, Georgia, there are 1.16 rental units.
What is the vacancy rate for rentals in Cave Spring?
The rental vacancy rate in Cave Spring 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 Cave Spring for each bedroom size?
Occupied Rental Units by Size in Cave Spring
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 22 | 36 | 38 | 29 | 10 |
Occupied Rental Units by Size in Cave Spring
A large number of apartments in Cave Spring 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 Cave Spring
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $834 to $1,651. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $834 |
| One BR | $834 |
| Two BR | $1,096 |
| Three BR | $1,394 |
| Four BR | $1,651 |
2024 Fair Market Rents in Cave Spring, Georgia
How many units are rented at Fair Market Rent (FMR) in Cave Spring?
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 | 15 | 68 percent |
| One BR | 36 | 100 percent |
| Two BR | 34 | 89 percent |
Rental Units Below FMR in Cave Spring, Georgia
How many affordable rental units are in Cave Spring?
There are a variety of federal affordable housing programs serving households in Cave Spring, Georgia including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance |
Tracked Units by Federal Program in Cave Spring, Georgia
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Cave Spring, Georgia
Cave Spring features 31 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 Cave Spring, Georgia
There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cave Spring.
Housing Choice Vouchers in Cave Spring, Georgia
On average, Section 8 Housing Choice vouchers pay Cave Spring landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Cave Spring.
The maximum amount a voucher would pay on behalf of a low-income tenant in Cave Spring, Georgia for a two-bedroom apartment is between $986 and $1,206.
Sourced from federal housing data and AffordableHousingOnline.com research.