What HUD offices serve Three Rivers, 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 Rivers.
How many renters live in Three Rivers, Michigan?
The City of Three Rivers has people living in households.
There are renters living in renter households in this City. Renters make up 42.33 percent of the population living in Three Rivers.
What is the rental market like in Three Rivers, Michigan?
There are an estimated housing units in the Three Rivers area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Three Rivers, Michigan, there are 1.07 rental units.
What is the vacancy rate for rentals in Three Rivers?
The rental vacancy rate in Three Rivers is 4 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 Rivers for each bedroom size?
Occupied Rental Units by Size in Three Rivers
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 60 | 559 | 464 | 308 | 149 |
Occupied Rental Units by Size in Three Rivers
A large number of apartments in Three Rivers 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 Rivers
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $646 to $1,339. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $646 |
| One BR | $712 |
| Two BR | $924 |
| Three BR | $1,277 |
| Four BR | $1,339 |
2024 Fair Market Rents in Three Rivers, Michigan
How many units are rented at Fair Market Rent (FMR) in Three Rivers?
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 | 14 | 23 percent |
| One BR | 421 | 75 percent |
| Two BR | 322 | 69 percent |
Rental Units Below FMR in Three Rivers, Michigan
How many affordable rental units are in Three Rivers?
There are a variety of federal affordable housing programs serving households in Three Rivers, Michigan including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance | |
| Section 811 Supportive Housing for Persons with Disabilities | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Three Rivers, Michigan
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Three Rivers, Michigan
Three Rivers features 336 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 Rivers, Michigan
There are 144 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Three Rivers.
Housing Choice Vouchers in Three Rivers, Michigan
On average, Section 8 Housing Choice vouchers pay Three Rivers landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Three Rivers.
The maximum amount a voucher would pay on behalf of a low-income tenant in Three Rivers, Michigan for a two-bedroom apartment is between $832 and $1,016.
Sourced from federal housing data and AffordableHousingOnline.com research.