How many renters live in Highland County, Virginia?
The County of Highland County has 2,247 people living in 1,014 households.
There are 306 renters living in 138 renter households in this County. Renters make up 13.62 percent of the population living in Highland County.
What is the rental market like in Highland County, Virginia?
There are an estimated 1,814 housing units in the Highland County area. Of these, 159 units are rental homes, making up 9 percent of the housing market. For every renter household in Highland County, Virginia, there are 1 rental units.
What is the vacancy rate for rentals in Highland County?
The rental vacancy rate in Highland County is 10 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 Highland County for each bedroom size?
Occupied Rental Units by Size in Highland County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 6 | 53 | 48 | 11 |
Occupied Rental Units by Size in Highland County
A large number of apartments in Highland County 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 Highland County are overburdened by housing costs?
Among renter households in this market, 32 percent have housing cost burden. Further, 7 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 Highland County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $731 to $1,399. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $731 |
| One BR | $735 |
| Two BR | $912 |
| Three BR | $1,195 |
| Four BR | $1,399 |
2024 Fair Market Rents in Highland County, Virginia
How many units are rented at Fair Market Rent (FMR) in Highland County?
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 | 0 | 100 percent |
| Two BR | 18 | 34 percent |
Rental Units Below FMR in Highland County, Virginia
How many affordable rental units are in Highland County?
Income Based Apartments in Highland County, Virginia
Highland County 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 Highland County, Virginia
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Highland County.
Housing Choice Vouchers in Highland County, Virginia
On average, Section 8 Housing Choice vouchers pay Highland County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Highland County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Highland County, Virginia for a two-bedroom apartment is between $821 and $1,003.
Sourced from federal housing data and AffordableHousingOnline.com research.
