How many renters live in Lancaster, Virginia?
The City of Lancaster has people living in households.
What is the vacancy rate for rentals in Lancaster?
The rental vacancy rate in Lancaster is 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 Lancaster for each bedroom size?
Occupied Rental Units by Size in Lancaster
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 |
Occupied Rental Units by Size in Lancaster
Lancaster has a large number of apartments with three or more bedrooms. Families with children may have more success finding an apartment that meets their needs.
How many units are rented at Fair Market Rent (FMR) in Lancaster?
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 |
Rental Units Below FMR in Lancaster, Virginia
How many affordable rental units are in Lancaster?
Income Based Apartments in Lancaster, Virginia
Lancaster 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 Lancaster, Virginia
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lancaster.
Housing Choice Vouchers in Lancaster, Virginia
On average, Section 8 Housing Choice vouchers pay Lancaster landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lancaster.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lancaster, Virginia for a two-bedroom apartment is between $1,003 and $1,225.
Sourced from federal housing data and AffordableHousingOnline.com research.