What HUD offices serve Lebanon, 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 Lebanon.
How many renters live in Lebanon, Virginia?
The City of Lebanon has 3,139 people living in 1,276 households.
There are 1,254 renters living in 431 renter households in this City. Renters make up 39.95 percent of the population living in Lebanon.
What is the rental market like in Lebanon, Virginia?
There are an estimated 1,621 housing units in the Lebanon area. Of these, 515 units are rental homes, making up 32 percent of the housing market. For every renter household in Lebanon, Virginia, there are 1 rental units.
What is the vacancy rate for rentals in Lebanon?
The rental vacancy rate in Lebanon is 16 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 Lebanon for each bedroom size?
Occupied Rental Units by Size in Lebanon
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 81 | 210 | 115 | 25 |
Occupied Rental Units by Size in Lebanon
A large number of apartments in Lebanon 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 Lebanon are overburdened by housing costs?
Among renter households in this market, 21 percent have housing cost burden. Further, 6 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 Lebanon
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,392 to $2,608. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,392 |
| One BR | $1,415 |
| Two BR | $1,678 |
| Three BR | $2,114 |
| Four BR | $2,608 |
2024 Fair Market Rents in Lebanon, Virginia
How many units are rented at Fair Market Rent (FMR) in Lebanon?
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 | 64 | 79 percent |
| Two BR | 180 | 86 percent |
Rental Units Below FMR in Lebanon, Virginia
How many affordable rental units are in Lebanon?
There are a variety of federal affordable housing programs serving households in Lebanon, Virginia including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 83 |
| Public Housing | 81 |
| USDA Section 515 Rural Rental Housing | 84 |
Tracked Units by Federal Program in Lebanon, Virginia
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Lebanon, Virginia
Lebanon features 36 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 Lebanon, Virginia
There are 44 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lebanon.
Housing Choice Vouchers in Lebanon, Virginia
On average, Section 8 Housing Choice vouchers pay Lebanon landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Lebanon.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lebanon, Virginia for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.
