How many renters live in Roy, Utah?
The City of Roy has 39,064 people living in 12,886 households.
There are 5,327 renters living in 1,840 renter households in this City. Renters make up 13.64 percent of the population living in Roy.
What is the rental market like in Roy, Utah?
There are an estimated 13,307 housing units in the Roy area. Of these, 1,926 units are rental homes, making up 14 percent of the housing market. For every renter household in Roy, Utah, there are 1 rental units.
What is the vacancy rate for rentals in Roy?
The rental vacancy rate in Roy is 1 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 Roy for each bedroom size?
Occupied Rental Units by Size in Roy
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 96 | 135 | 579 | 578 | 267 |
Occupied Rental Units by Size in Roy
A large number of apartments in Roy 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 Roy are overburdened by housing costs?
Among renter households in this market, 42 percent have housing cost burden. Further, 8 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 Roy
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,016 to $2,229. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,016 |
| One BR | $1,108 |
| Two BR | $1,350 |
| Three BR | $1,831 |
| Four BR | $2,229 |
2024 Fair Market Rents in Roy, Utah
How many units are rented at Fair Market Rent (FMR) in Roy?
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 | 14 | 15 percent |
| One BR | 89 | 66 percent |
| Two BR | 400 | 69 percent |
Rental Units Below FMR in Roy, Utah
How many affordable rental units are in Roy?
There are a variety of federal affordable housing programs serving households in Roy, Utah including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 6 |
| Section 8 Project-Based Rental Assistance | 3 |
Tracked Units by Federal Program in Roy, Utah
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Roy, Utah
Roy features 32 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 Roy, Utah
There are 31 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Roy.
Housing Choice Vouchers in Roy, Utah
On average, Section 8 Housing Choice vouchers pay Roy landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Roy.
The maximum amount a voucher would pay on behalf of a low-income tenant in Roy, Utah for a two-bedroom apartment is between $1,215 and $1,485.
Sourced from federal housing data and AffordableHousingOnline.com research.
