Low Income Apartments and Affordable Housing For Rent in Hopewell City, VA

Discover affordable housing in Hopewell City where there are 2+ 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.

The Summit Apartments

1007 Langston Park Dr, Hopewell, Virginia 23860

bed 2-4
switch_access_shortcut Short Wait
accessibility Accessible

Freedman Point

311 E Cawson St, Hopewell, Virginia 23860

bed 2-3
payment $1016-1437/mo.
switch_access_shortcut Short Wait
accessibility Accessible

How To Identify Affordable Housing in Hopewell City, Virginia

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Hopewell City, Virginia
$29.02/hour
$17.02 (+142%) more than Virginia minimum wage and $21.77 (+300%) more than the Federal minimum wage.
Learn More About Hopewell City, Virginia Affordable Housing ↓

What HUD offices serve Hopewell City, 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 Hopewell City, Virginia.

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

How many renters live in Hopewell City, Virginia?

The County of Hopewell City has people living in households.

There are renters living in renter households in this County. Renters make up 47.59 percent of the population living in Hopewell City.

What is the rental market like in Hopewell City, Virginia?

There are an estimated housing units in the Hopewell City area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Hopewell City, Virginia, there are 1.02 rental units.

What is the vacancy rate for rentals in Hopewell City?

The rental vacancy rate in Hopewell City 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 Hopewell City for each bedroom size?

Occupied Rental Units by Size in Hopewell City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
162 524 1,644 1,454 496
Occupied Rental Units by Size in Hopewell City

A large number of apartments in Hopewell City 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 Hopewell City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,328 to $2,393. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,328
One BR $1,365
Two BR $1,532
Three BR $1,959
Four BR $2,393
2024 Fair Market Rents in Hopewell City, Virginia

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

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 162 100 percent
One BR 496 95 percent
Two BR 1,548 94 percent
Rental Units Below FMR in Hopewell City, Virginia

How many affordable rental units are in Hopewell City?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Tracked Units by Federal Program in Hopewell City, Virginia

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

Income Based Apartments in Hopewell City, Virginia

Hopewell City 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 Hopewell City, Virginia

There are 68 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hopewell City.

Housing Choice Vouchers in Hopewell City, Virginia

On average, Section 8 Housing Choice vouchers pay Hopewell City landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Hopewell City.

The maximum amount a voucher would pay on behalf of a low-income tenant in Hopewell City, Virginia for a two-bedroom apartment is between $1,379 and $1,685.

Sourced from federal housing data and AffordableHousingOnline.com research.

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