What HUD offices serve Norfolk, 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 Norfolk.
How many renters live in Norfolk, Virginia?
The City of Norfolk has people living in households.
There are renters living in renter households in this City. Renters make up 45.79 percent of the population living in Norfolk.
What is the rental market like in Norfolk, Virginia?
There are an estimated housing units in the Norfolk area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Norfolk, Virginia, there are 1.07 rental units.
What is the vacancy rate for rentals in Norfolk?
The rental vacancy rate in Norfolk is 6 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 Norfolk for each bedroom size?
Occupied Rental Units by Size in Norfolk
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 1,628 11,747 21,581 11,072 2,800 Occupied Rental Units by Size in Norfolk
A large number of apartments in Norfolk 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 Norfolk
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 Norfolk, Virginia
How many units are rented at Fair Market Rent (FMR) in Norfolk?
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 1,002 62 percent One BR 7,668 65 percent Two BR 16,439 76 percent Rental Units Below FMR in Norfolk, Virginia
How many affordable rental units are in Norfolk?
There are a variety of federal affordable housing programs serving households in
Norfolk, Virginia including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Public Housing Section 8 Project-Based Rental Assistance Section 202 Supportive Housing for the Elderly Section 811 Supportive Housing for Persons with Disabilities Tracked Units by Federal Program in Norfolk, Virginia
Income Based Apartments in Norfolk, Virginia
Norfolk features 5,141 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 Norfolk, Virginia
There are 2,847 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Norfolk.
Housing Choice Vouchers in Norfolk, Virginia
On average, Section 8 Housing Choice vouchers pay Norfolk landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Norfolk.
The maximum amount a voucher would pay on behalf of a low-income tenant in Norfolk, Virginia for a two-bedroom apartment is between $1,344 and $1,642.
Sourced from federal housing data and AffordableHousingOnline.com research.