What HUD offices serve Three Oaks, 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 Three Oaks.
How many renters live in Three Oaks, Michigan?
The City of Three Oaks has people living in households.
There are renters living in renter households in this City. Renters make up 38.19 percent of the population living in Three Oaks.
What is the rental market like in Three Oaks, Michigan?
There are an estimated housing units in the Three Oaks area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Three Oaks, Michigan, there are 1.07 rental units.
What is the vacancy rate for rentals in Three Oaks?
The rental vacancy rate in Three Oaks 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 Three Oaks for each bedroom size?
Occupied Rental Units by Size in Three Oaks
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 28 | 70 | 40 | 12 |
Occupied Rental Units by Size in Three Oaks
A large number of apartments in Three Oaks 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 Three Oaks
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $722 to $1,431. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $722 |
| One BR | $811 |
| Two BR | $1,065 |
| Three BR | $1,364 |
| Four BR | $1,431 |
2024 Fair Market Rents in Three Oaks, Michigan
How many units are rented at Fair Market Rent (FMR) in Three Oaks?
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 | 20 | 71 percent |
| Two BR | 42 | 60 percent |
Rental Units Below FMR in Three Oaks, Michigan
How many affordable rental units are in Three Oaks?
Income Based Apartments in Three Oaks, Michigan
Three Oaks features 0 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 Three Oaks, Michigan
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Three Oaks.
Housing Choice Vouchers in Three Oaks, Michigan
On average, Section 8 Housing Choice vouchers pay Three Oaks landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Three Oaks.
The maximum amount a voucher would pay on behalf of a low-income tenant in Three Oaks, Michigan for a two-bedroom apartment is between $959 and $1,172.
Sourced from federal housing data and AffordableHousingOnline.com research.