What HUD offices serve Portland, Michigan?
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 Michigan Public Housing and Low-Income Apartments Waiting Lists page for openings near Portland.
How many renters live in Portland, Michigan?
The City of Portland has people living in households.
There are renters living in renter households in this City. Renters make up 40.15 percent of the population living in Portland.
What is the rental market like in Portland, Michigan?
There are an estimated housing units in the Portland area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Portland, Michigan, there are 1.06 rental units.
What is the vacancy rate for rentals in Portland?
The rental vacancy rate in Portland is 6 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 Portland for each bedroom size?
Occupied Rental Units by Size in Portland
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 43 78 320 119 0 Occupied Rental Units by Size in Portland
A large number of apartments in Portland 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 Portland
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $795 to $1,683. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $795 One BR $843 Two BR $1,108 Three BR $1,369 Four BR $1,683 2024 Fair Market Rents in Portland, Michigan
How many units are rented at Fair Market Rent (FMR) in Portland?
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 43 100 percent One BR 60 77 percent Two BR 160 50 percent Rental Units Below FMR in Portland, Michigan
How many affordable rental units are in Portland?
There are a variety of federal affordable housing programs serving households in
Portland, Michigan including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Section 8 Project-Based Rental Assistance Tracked Units by Federal Program in Portland, Michigan
Income Based Apartments in Portland, Michigan
Portland features 62 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 Portland, Michigan
There are 29 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Portland.
Housing Choice Vouchers in Portland, Michigan
On average, Section 8 Housing Choice vouchers pay Portland landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Portland.
The maximum amount a voucher would pay on behalf of a low-income tenant in Portland, Michigan for a two-bedroom apartment is between $997 and $1,219.
Sourced from federal housing data and AffordableHousingOnline.com research.