What HUD offices serve Gloucester Point, 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 Gloucester Point.
How many renters live in Gloucester Point, Virginia?
The City of Gloucester Point has people living in households.
There are renters living in renter households in this City. Renters make up 21.59 percent of the population living in Gloucester Point.
What is the rental market like in Gloucester Point, Virginia?
There are an estimated housing units in the Gloucester Point area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Gloucester Point, Virginia, there are 1.07 rental units.
What is the vacancy rate for rentals in Gloucester Point?
The rental vacancy rate in Gloucester Point 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 Gloucester Point for each bedroom size?
Occupied Rental Units by Size in Gloucester Point
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 81 | 89 | 769 | 347 | 32 |
Occupied Rental Units by Size in Gloucester Point
A large number of apartments in Gloucester Point 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 Gloucester Point
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,279 to $2,532. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,279 |
| One BR | $1,287 |
| Two BR | $1,493 |
| Three BR | $2,079 |
| Four BR | $2,532 |
2024 Fair Market Rents in Gloucester Point, Virginia
How many units are rented at Fair Market Rent (FMR) in Gloucester Point?
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 | 81 | 100 percent |
| One BR | 51 | 57 percent |
| Two BR | 719 | 93 percent |
Rental Units Below FMR in Gloucester Point, Virginia
How many affordable rental units are in Gloucester Point?
Income Based Apartments in Gloucester Point, Virginia
Gloucester Point 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 Gloucester Point, Virginia
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gloucester Point.
Housing Choice Vouchers in Gloucester Point, Virginia
On average, Section 8 Housing Choice vouchers pay Gloucester Point landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Gloucester Point.
The maximum amount a voucher would pay on behalf of a low-income tenant in Gloucester Point, Virginia for a two-bedroom apartment is between $1,344 and $1,642.
Sourced from federal housing data and AffordableHousingOnline.com research.