Low Income Apartments and Affordable Housing For Rent in Toccoa, GA

Discover affordable housing in Toccoa where there are 10+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Fern Point

280 Fern Point Dr, Toccoa, Georgia 30577

Falls Park Apartments

47 Falls Park Drive, Toccoa, Georgia 30577

Imperial Place

114 Rose Ln, Toccoa, Georgia 30577

Imperial Place

130 Ellen Ct, Toccoa, Georgia 30577

Toccoa Pines

1 Mulkey Rd, Toccoa, Georgia 30577

Queen Street Apartments

605 S Pond St, Toccoa, Georgia 30577

Glendale Apartments

200 Glendale Street, Toccoa, Georgia

Stephens Banks

111 Circleview Dr, Toccoa, Georgia 30577

E Stephens - 1

156 Mill St, Toccoa, Georgia 30577

Stephens - 2

118 Morgan St, Toccoa, Georgia 30577

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Toccoa, Georgia
$10.34 (+143%) more than Georgia minimum wage and $10.34 (+143%) more than the Federal minimum wage.
Learn More About Toccoa, Georgia Affordable Housing ↓

What HUD offices serve Toccoa, 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.

Operates the Public Housing programs for Toccoa, Georgia.
Operates the Section 8 Housing Choice Voucher (HCV), Homeownership Voucher, Family Self-Sufficiency, Veteran Affairs Supportive Housing (VASH), Section 8 Project-Based Voucher (PBV) programs for Toccoa, Georgia.

Go to the Georgia Public Housing and Low-Income Apartments Waiting Lists page for openings near Toccoa.

How many renters live in Toccoa, Georgia?

The City of Toccoa has 9,055 people living in 3,569 households.

There are 3,640 renters living in 1,554 renter households in this City. Renters make up 40.2 percent of the population living in Toccoa.

What is the rental market like in Toccoa, Georgia?

There are an estimated 3,969 housing units in the Toccoa area. Of these, 1,578 units are rental homes, making up 40 percent of the housing market. For every renter household in Toccoa, Georgia, there are 1 rental units.

What is the vacancy rate for rentals in Toccoa?

The rental vacancy rate in Toccoa is 2 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 Toccoa for each bedroom size?

Occupied Rental Units by Size in Toccoa
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
9 302 619 502 97
Occupied Rental Units by Size in Toccoa

A large number of apartments in Toccoa 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 Toccoa are overburdened by housing costs?

Among renter households in this market, 39 percent have housing cost burden. Further, 22 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 Toccoa

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $702 to $1,530. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $702
One BR $707
Two BR $929
Three BR $1,164
Four BR $1,530
2024 Fair Market Rents in Toccoa, Georgia

How many units are rented at Fair Market Rent (FMR) in Toccoa?

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 271 90 percent
Two BR 481 78 percent
Rental Units Below FMR in Toccoa, Georgia

How many affordable rental units are in Toccoa?

There are a variety of federal affordable housing programs serving households in Toccoa, Georgia including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 101
Section 8 Project-Based Rental Assistance 474
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Toccoa, Georgia

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Toccoa, Georgia

Toccoa features 439 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 Toccoa, Georgia

There are 161 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Toccoa.

Housing Choice Vouchers in Toccoa, Georgia

On average, Section 8 Housing Choice vouchers pay Toccoa landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Toccoa.

The maximum amount a voucher would pay on behalf of a low-income tenant in Toccoa, Georgia for a two-bedroom apartment is between $836 and $1,022.

Sourced from federal housing data and AffordableHousingOnline.com research.