What HUD offices serve Wyoming, 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 Wyoming.
How many renters live in Wyoming, Michigan?
The City of Wyoming has 76,730 people living in 27,286 households.
There are 24,826 renters living in 8,829 renter households in this City. Renters make up 32.36 percent of the population living in Wyoming.
What is the rental market like in Wyoming, Michigan?
There are an estimated 30,161 housing units in the Wyoming area. Of these, 10,034 units are rental homes, making up 33 percent of the housing market. For every renter household in Wyoming, Michigan, there are 1 rental units.
What is the vacancy rate for rentals in Wyoming?
The rental vacancy rate in Wyoming 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 Wyoming for each bedroom size?
Occupied Rental Units by Size in Wyoming
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 511 | 3,020 | 3,901 | 1,665 | 228 |
Occupied Rental Units by Size in Wyoming
A large number of apartments in Wyoming 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 Wyoming are overburdened by housing costs?
Among renter households in this market, 47 percent have housing cost burden. Further, 18 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 Wyoming
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,093 to $1,963. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,093 |
| One BR | $1,142 |
| Two BR | $1,369 |
| Three BR | $1,785 |
| Four BR | $1,963 |
2024 Fair Market Rents in Wyoming, Michigan
How many units are rented at Fair Market Rent (FMR) in Wyoming?
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 | 240 | 47 percent |
| One BR | 2,477 | 82 percent |
| Two BR | 2,976 | 76 percent |
Rental Units Below FMR in Wyoming, Michigan
How many affordable rental units are in Wyoming?
There are a variety of federal affordable housing programs serving households in Wyoming, Michigan including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 145 |
| Public Housing | 195 |
| Section 8 Project-Based Rental Assistance | 175 |
Tracked Units by Federal Program in Wyoming, Michigan
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Wyoming, Michigan
Wyoming features 386 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 Wyoming, Michigan
There are 70 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wyoming.
Housing Choice Vouchers in Wyoming, Michigan
On average, Section 8 Housing Choice vouchers pay Wyoming landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Wyoming.
The maximum amount a voucher would pay on behalf of a low-income tenant in Wyoming, Michigan for a two-bedroom apartment is between $1,232 and $1,506.
Sourced from federal housing data and AffordableHousingOnline.com research.
