What HUD offices serve Brookneal, Virginia?
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 Virginia Public Housing and Low-Income Apartments Waiting Lists page for openings near Brookneal.
How many renters live in Brookneal, Virginia?
The City of Brookneal has people living in households.
There are renters living in renter households in this City. Renters make up 51.43 percent of the population living in Brookneal.
What is the rental market like in Brookneal, Virginia?
There are an estimated housing units in the Brookneal area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Brookneal, Virginia, there are 1.18 rental units.
What is the vacancy rate for rentals in Brookneal?
The rental vacancy rate in Brookneal is 16 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 Brookneal for each bedroom size?
Occupied Rental Units by Size in Brookneal
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 4 | 99 | 84 | 8 |
Occupied Rental Units by Size in Brookneal
A large number of apartments in Brookneal 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 Brookneal
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $948 to $1,627. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $948 |
| One BR | $966 |
| Two BR | $1,093 |
| Three BR | $1,494 |
| Four BR | $1,627 |
2024 Fair Market Rents in Brookneal, Virginia
How many units are rented at Fair Market Rent (FMR) in Brookneal?
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 | 4 | 100 percent |
| Two BR | 69 | 70 percent |
Rental Units Below FMR in Brookneal, Virginia
How many affordable rental units are in Brookneal?
Income Based Apartments in Brookneal, Virginia
Brookneal 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 Brookneal, Virginia
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Brookneal.
Housing Choice Vouchers in Brookneal, Virginia
On average, Section 8 Housing Choice vouchers pay Brookneal landlords $700 per month towards rent. The average voucher holder contributes $200 towards rent in Brookneal.
The maximum amount a voucher would pay on behalf of a low-income tenant in Brookneal, Virginia for a two-bedroom apartment is between $984 and $1,202.
Sourced from federal housing data and AffordableHousingOnline.com research.