What HUD offices serve Cascade County, Montana?
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 Montana Public Housing and Low-Income Apartments Waiting Lists page for openings near Cascade County.
How many renters live in Cascade County, Montana?
The County of Cascade County has people living in households.
There are renters living in renter households in this County. Renters make up 26.07 percent of the population living in Cascade County.
What is the rental market like in Cascade County, Montana?
There are an estimated housing units in the Cascade County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Cascade County, Montana, there are 1.12 rental units.
What is the vacancy rate for rentals in Cascade County?
The rental vacancy rate in Cascade County 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 Cascade County for each bedroom size?
Occupied Rental Units by Size in Cascade County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 551 3,320 3,888 1,811 948 Occupied Rental Units by Size in Cascade County
A large number of apartments in Cascade County 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 Cascade County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $708 to $1,560. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $708 One BR $745 Two BR $979 Three BR $1,380 Four BR $1,560 2024 Fair Market Rents in Cascade County, Montana
How many units are rented at Fair Market Rent (FMR) in Cascade County?
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 342 62 percent One BR 2,198 66 percent Two BR 2,743 71 percent Rental Units Below FMR in Cascade County, Montana
How many affordable rental units are in Cascade County?
There are a variety of federal affordable housing programs serving households in
Cascade County, Montana including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Public Housing Section 8 Project-Based Rental Assistance Mod Rehab Project-Based Rental Assistance Section 202 Supportive Housing for the Elderly Section 811 Supportive Housing for Persons with Disabilities Tracked Units by Federal Program in Cascade County, Montana
Income Based Apartments in Cascade County, Montana
Cascade County features 1,168 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 Cascade County, Montana
There are 502 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cascade County.
Housing Choice Vouchers in Cascade County, Montana
On average, Section 8 Housing Choice vouchers pay Cascade County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Cascade County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Cascade County, Montana for a two-bedroom apartment is between $881 and $1,077.
Sourced from federal housing data and AffordableHousingOnline.com research.