What HUD offices serve Cumming, 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 Cumming.
How many renters live in Cumming, Georgia?
The City of Cumming has people living in households.
There are renters living in renter households in this City. Renters make up 43.01 percent of the population living in Cumming.
What is the rental market like in Cumming, Georgia?
There are an estimated housing units in the Cumming area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Cumming, Georgia, there are 1.05 rental units.
What is the vacancy rate for rentals in Cumming?
The rental vacancy rate in Cumming is 5 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 Cumming for each bedroom size?
Occupied Rental Units by Size in Cumming
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 0 338 599 480 42 Occupied Rental Units by Size in Cumming
A large number of apartments in Cumming 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 Cumming
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,599 to $2,707. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $1,599 One BR $1,643 Two BR $1,844 Three BR $2,230 Four BR $2,707 2024 Fair Market Rents in Cumming, Georgia
How many units are rented at Fair Market Rent (FMR) in Cumming?
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 One BR 301 89 percent Two BR 539 90 percent Rental Units Below FMR in Cumming, Georgia
How many affordable rental units are in Cumming?
There are a variety of federal affordable housing programs serving households in
Cumming, Georgia including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Public Housing Tracked Units by Federal Program in Cumming, Georgia
Income Based Apartments in Cumming, Georgia
Cumming features 94 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 Cumming, Georgia
There are 204 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cumming.
Housing Choice Vouchers in Cumming, Georgia
On average, Section 8 Housing Choice vouchers pay Cumming landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Cumming.
The maximum amount a voucher would pay on behalf of a low-income tenant in Cumming, Georgia for a two-bedroom apartment is between $1,660 and $2,028.
Sourced from federal housing data and AffordableHousingOnline.com research.