What HUD offices serve Isle of Wight County, 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 Isle of Wight County.
How many renters live in Isle of Wight County, Virginia?
The County of Isle of Wight County has people living in households.
There are renters living in renter households in this County. Renters make up 19.07 percent of the population living in Isle of Wight County.
What is the rental market like in Isle of Wight County, Virginia?
There are an estimated housing units in the Isle of Wight County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Isle of Wight County, Virginia, there are 1.05 rental units.
What is the vacancy rate for rentals in Isle of Wight County?
The rental vacancy rate in Isle of Wight County 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 Isle of Wight County for each bedroom size?
Occupied Rental Units by Size in Isle of Wight County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 442 | 1,439 | 968 | 233 |
Occupied Rental Units by Size in Isle of Wight County
A large number of apartments in Isle of Wight County 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 Isle of Wight County
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 Isle of Wight County, Virginia
How many units are rented at Fair Market Rent (FMR) in Isle of Wight 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 | 264 | 60 percent |
| Two BR | 1,148 | 80 percent |
Rental Units Below FMR in Isle of Wight County, Virginia
How many affordable rental units are in Isle of Wight County?
There are a variety of federal affordable housing programs serving households in Isle of Wight County, 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 | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Isle of Wight County, Virginia
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Isle of Wight County, Virginia
Isle of Wight County features 268 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 Isle of Wight County, Virginia
There are 124 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Isle of Wight County.
Housing Choice Vouchers in Isle of Wight County, Virginia
On average, Section 8 Housing Choice vouchers pay Isle of Wight County landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Isle of Wight County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Isle of Wight County, Virginia for a two-bedroom apartment is between $1,344 and $1,642.
Sourced from federal housing data and AffordableHousingOnline.com research.