How many renters live in Oakley, Utah?
The City of Oakley has 1,744 people living in 458 households.
There are 108 renters living in 41 renter households in this City. Renters make up 6.19 percent of the population living in Oakley.
What is the rental market like in Oakley, Utah?
There are an estimated 602 housing units in the Oakley area. Of these, 54 units are rental homes, making up 9 percent of the housing market. For every renter household in Oakley, Utah, there are 1 rental units.
What is the vacancy rate for rentals in Oakley?
The rental vacancy rate in Oakley is 24 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 Oakley for each bedroom size?
Occupied Rental Units by Size in Oakley
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 0 | 21 | 6 |
Occupied Rental Units by Size in Oakley
A large number of apartments in Oakley 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 Oakley are overburdened by housing costs?
Among renter households in this market, 0 percent have housing cost burden. Further, 0 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 Oakley
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,383 to $2,525. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,383 |
| One BR | $1,392 |
| Two BR | $1,807 |
| Three BR | $2,331 |
| Four BR | $2,525 |
2024 Fair Market Rents in Oakley, Utah
How many units are rented at Fair Market Rent (FMR) in Oakley?
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 |
Rental Units Below FMR in Oakley, Utah
How many affordable rental units are in Oakley?
Income Based Apartments in Oakley, Utah
Oakley 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 Oakley, Utah
There are 8 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oakley.
Housing Choice Vouchers in Oakley, Utah
On average, Section 8 Housing Choice vouchers pay Oakley landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Oakley.
The maximum amount a voucher would pay on behalf of a low-income tenant in Oakley, Utah for a two-bedroom apartment is between $1,626 and $1,988.
Sourced from federal housing data and AffordableHousingOnline.com research.
