What HUD offices serve Island City, Oregon?
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 Oregon Public Housing and Low-Income Apartments Waiting Lists page for openings near Island City.
How many renters live in Island City, Oregon?
The City of Island City has 1,054 people living in 501 households.
There are 221 renters living in 109 renter households in this City. Renters make up 20.97 percent of the population living in Island City.
What is the rental market like in Island City, Oregon?
There are an estimated 501 housing units in the Island City area. Of these, 109 units are rental homes, making up 22 percent of the housing market. For every renter household in Island City, Oregon, there are 1 rental units.
What is the vacancy rate for rentals in Island City?
The rental vacancy rate in Island City is 0 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 Island City for each bedroom size?
Occupied Rental Units by Size in Island City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 4 | 8 | 63 | 26 | 8 |
Occupied Rental Units by Size in Island City
A large number of apartments in Island City 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 Island City are overburdened by housing costs?
Among renter households in this market, 35 percent have housing cost burden. Further, 6 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 Island City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $718 to $1,706. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $718 |
| One BR | $807 |
| Two BR | $1,060 |
| Three BR | $1,494 |
| Four BR | $1,706 |
2024 Fair Market Rents in Island City, Oregon
How many units are rented at Fair Market Rent (FMR) in Island City?
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 | 4 | 100 percent |
| One BR | 8 | 100 percent |
| Two BR | 50 | 79 percent |
Rental Units Below FMR in Island City, Oregon
How many affordable rental units are in Island City?
There are a variety of federal affordable housing programs serving households in Island City, Oregon including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 38 |
Tracked Units by Federal Program in Island City, Oregon
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Island City, Oregon
Island City 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 Island City, Oregon
There are 11 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Island City.
Housing Choice Vouchers in Island City, Oregon
On average, Section 8 Housing Choice vouchers pay Island City landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Island City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Island City, Oregon for a two-bedroom apartment is between $954 and $1,166.
Sourced from federal housing data and AffordableHousingOnline.com research.
