Low Income Apartments and Affordable Housing For Rent in Galax, VA

Discover affordable housing in Galax where there are 6+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Northway Apartments

128 Wilson Ave , Galax, Virginia 24333

Meltons Run

13 Meltons Run Lane, Galax, Virginia 24333

Galax

150 Larkspur Ln , Galax, Virginia 24333

Harmony Village

1149 Glendale Rd, Galax, Virginia 24333

Harmony House

1149 Glendale Rd, Galax, Virginia 24333

Glendale Apartments

102 Sutherland Rd, Galax, Virginia 24333

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Galax, Virginia
$17.14/hour
$5.14 (+43%) more than Virginia minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Galax, Virginia Affordable Housing ↓

What HUD offices serve Galax, 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.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Galax, Virginia.

Go to the Virginia Public Housing and Low-Income Apartments Waiting Lists page for openings near Galax.

How many renters live in Galax, Virginia?

The City of Galax has 6,687 people living in 2,618 households.

There are 1,581 renters living in 771 renter households in this City. Renters make up 23.64 percent of the population living in Galax.

What is the rental market like in Galax, Virginia?

There are an estimated 3,169 housing units in the Galax area. Of these, 810 units are rental homes, making up 26 percent of the housing market. For every renter household in Galax, Virginia, there are 1 rental units.

What is the vacancy rate for rentals in Galax?

The rental vacancy rate in Galax is 5 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 Galax for each bedroom size?

Occupied Rental Units by Size in Galax
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
38 135 324 171 83
Occupied Rental Units by Size in Galax

A large number of apartments in Galax 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 Galax are overburdened by housing costs?

Among renter households in this market, 44 percent have housing cost burden. Further, 23 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 Galax

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $728 to $1,485. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $728
One BR $732
Two BR $905
Three BR $1,267
Four BR $1,485
2024 Fair Market Rents in Galax, Virginia

How many units are rented at Fair Market Rent (FMR) in Galax?

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 35 92 percent
One BR 113 84 percent
Two BR 213 66 percent
Rental Units Below FMR in Galax, Virginia

How many affordable rental units are in Galax?

There are a variety of federal affordable housing programs serving households in Galax, Virginia including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 196
Section 8 Project-Based Rental Assistance 129
Section 811 Supportive Housing for Persons with Disabilities 10
USDA Section 515 Rural Rental Housing 82
Tracked Units by Federal Program in Galax, Virginia

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Galax, Virginia

Galax features 232 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 Galax, Virginia

There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Galax.

Housing Choice Vouchers in Galax, Virginia

On average, Section 8 Housing Choice vouchers pay Galax landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Galax.

The maximum amount a voucher would pay on behalf of a low-income tenant in Galax, Virginia for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.