What HUD offices serve Richmond Hill, 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 Richmond Hill.
How many renters live in Richmond Hill, Georgia?
The City of Richmond Hill has 16,703 people living in 5,936 households.
There are 5,733 renters living in 2,246 renter households in this City. Renters make up 34.32 percent of the population living in Richmond Hill.
What is the rental market like in Richmond Hill, Georgia?
There are an estimated 6,470 housing units in the Richmond Hill area. Of these, 2,595 units are rental homes, making up 40 percent of the housing market. For every renter household in Richmond Hill, Georgia, there are 1 rental units.
What is the vacancy rate for rentals in Richmond Hill?
The rental vacancy rate in Richmond Hill is 10 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 Richmond Hill for each bedroom size?
Occupied Rental Units by Size in Richmond Hill
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 98 | 189 | 721 | 762 | 379 |
Occupied Rental Units by Size in Richmond Hill
A large number of apartments in Richmond Hill 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 Richmond Hill are overburdened by housing costs?
Among renter households in this market, 45 percent have housing cost burden. Further, 26 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 Richmond Hill
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,191 to $2,306. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,191 |
| One BR | $1,287 |
| Two BR | $1,445 |
| Three BR | $1,967 |
| Four BR | $2,306 |
2024 Fair Market Rents in Richmond Hill, Georgia
How many units are rented at Fair Market Rent (FMR) in Richmond Hill?
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 | 65 | 66 percent |
| One BR | 81 | 43 percent |
| Two BR | 620 | 86 percent |
Rental Units Below FMR in Richmond Hill, Georgia
How many affordable rental units are in Richmond Hill?
There are a variety of federal affordable housing programs serving households in Richmond Hill, Georgia including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 999 |
| USDA Section 515 Rural Rental Housing | 214 |
Tracked Units by Federal Program in Richmond Hill, Georgia
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Richmond Hill, Georgia
Richmond Hill features 165 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 Richmond Hill, Georgia
There are 502 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Richmond Hill.
Housing Choice Vouchers in Richmond Hill, Georgia
On average, Section 8 Housing Choice vouchers pay Richmond Hill landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Richmond Hill.
The maximum amount a voucher would pay on behalf of a low-income tenant in Richmond Hill, Georgia for a two-bedroom apartment is between $1,301 and $1,590.
Sourced from federal housing data and AffordableHousingOnline.com research.
