What HUD offices serve Rich Creek, 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 Rich Creek.
How many renters live in Rich Creek, Virginia?
The City of Rich Creek has 707 people living in 266 households.
There are 170 renters living in 113 renter households in this City. Renters make up 24.05 percent of the population living in Rich Creek.
What is the rental market like in Rich Creek, Virginia?
There are an estimated 352 housing units in the Rich Creek area. Of these, 140 units are rental homes, making up 40 percent of the housing market. For every renter household in Rich Creek, Virginia, there are 1 rental units.
What is the vacancy rate for rentals in Rich Creek?
The rental vacancy rate in Rich Creek is 19 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 Rich Creek for each bedroom size?
Occupied Rental Units by Size in Rich Creek
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 3 | 27 | 53 | 26 | 4 |
Occupied Rental Units by Size in Rich Creek
A large number of apartments in Rich Creek 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 Rich Creek are overburdened by housing costs?
Among renter households in this market, 42 percent have housing cost burden. Further, 32 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 Rich Creek
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $742 to $1,245. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $742 |
| One BR | $806 |
| Two BR | $905 |
| Three BR | $1,179 |
| Four BR | $1,245 |
2024 Fair Market Rents in Rich Creek, Virginia
How many units are rented at Fair Market Rent (FMR) in Rich Creek?
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 | 3 | 100 percent |
| One BR | 27 | 100 percent |
| Two BR | 51 | 96 percent |
Rental Units Below FMR in Rich Creek, Virginia
How many affordable rental units are in Rich Creek?
There are a variety of federal affordable housing programs serving households in Rich Creek, Virginia including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 42 |
| USDA Section 515 Rural Rental Housing | 42 |
Tracked Units by Federal Program in Rich Creek, Virginia
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Rich Creek, Virginia
Rich Creek features 18 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 Rich Creek, Virginia
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rich Creek.
Housing Choice Vouchers in Rich Creek, Virginia
On average, Section 8 Housing Choice vouchers pay Rich Creek landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Rich Creek.
The maximum amount a voucher would pay on behalf of a low-income tenant in Rich Creek, Virginia for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.
