What HUD offices serve Oakridge, 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 Oakridge.
How many renters live in Oakridge, Oregon?
The City of Oakridge has 3,208 people living in 1,463 households.
There are 974 renters living in 520 renter households in this City. Renters make up 30.36 percent of the population living in Oakridge.
What is the rental market like in Oakridge, Oregon?
There are an estimated 1,680 housing units in the Oakridge area. Of these, 564 units are rental homes, making up 34 percent of the housing market. For every renter household in Oakridge, Oregon, there are 1 rental units.
What is the vacancy rate for rentals in Oakridge?
The rental vacancy rate in Oakridge is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Oakridge for each bedroom size?
Occupied Rental Units by Size in Oakridge
Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
---|---|---|---|---|
0 | 103 | 210 | 207 | 0 |
Occupied Rental Units by Size in Oakridge
A large number of apartments in Oakridge 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 Oakridge are overburdened by housing costs?
Among renter households in this market, 70 percent have housing cost burden. Further, 45 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 Oakridge
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $953 to $2,371. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size | 2024 Fair Market Rents |
Studio | $953 |
One BR | $1,063 |
Two BR | $1,397 |
Three BR | $1,969 |
Four BR | $2,371 |
2024 Fair Market Rents in Oakridge, Oregon
How many units are rented at Fair Market Rent (FMR) in Oakridge?
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 | 103 | 100 percent |
Two BR | 210 | 100 percent |
Rental Units Below FMR in Oakridge, Oregon
How many affordable rental units are in Oakridge?
There are a variety of federal affordable housing programs serving households in Oakridge, Oregon including the following:
Federal Program | Unit Count |
Low Income Housing Tax Credit | 24 |
Section 8 Project-Based Rental Assistance | 24 |
Tracked Units by Federal Program in Oakridge, Oregon
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Oakridge, Oregon
Oakridge features 48 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 Oakridge, Oregon
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oakridge.
Housing Choice Vouchers in Oakridge, Oregon
On average, Section 8 Housing Choice vouchers pay Oakridge landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Oakridge.
The maximum amount a voucher would pay on behalf of a low-income tenant in Oakridge, Oregon for a two-bedroom apartment is between $1,257 and $1,537.
Sourced from federal housing data and AffordableHousingOnline.com research.