Low Income Apartments and Affordable Housing For Rent in Shipman, VA

Discover affordable housing in Shipman where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Ryan School Apartments

105 Ryan Cir, Shipman, Virginia 22971

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Shipman, Virginia
$31.78/hour
$19.78 (+165%) more than Virginia minimum wage and $24.53 (+338%) more than the Federal minimum wage.
Learn More About Shipman, Virginia Affordable Housing ↓

What HUD offices serve Shipman, 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.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Shipman, Virginia.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Shipman, Virginia.

Go to the Virginia Public Housing and Low-Income Apartments Waiting Lists page for openings near Shipman.

How many renters live in Shipman, Virginia?

The City of Shipman has 439 people living in 184 households.

There are 77 renters living in 45 renter households in this City. Renters make up 17.54 percent of the population living in Shipman.

What is the rental market like in Shipman, Virginia?

There are an estimated 332 housing units in the Shipman area. Of these, 45 units are rental homes, making up 14 percent of the housing market. For every renter household in Shipman, Virginia, there are 1 rental units.

What is the vacancy rate for rentals in Shipman?

The rental vacancy rate in Shipman is 0 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 Shipman for each bedroom size?

Occupied Rental Units by Size in Shipman
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 29 16 0 0
Occupied Rental Units by Size in Shipman

A large number of apartments in Shipman 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 Shipman are overburdened by housing costs?

Among renter households in this market, 0 percent have housing cost burden. Further, 0 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 Shipman

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 Shipman, Virginia

How many units are rented at Fair Market Rent (FMR) in Shipman?

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 29 100 percent
Two BR 16 100 percent
Rental Units Below FMR in Shipman, Virginia

How many affordable rental units are in Shipman?

There are a variety of federal affordable housing programs serving households in Shipman, Virginia including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 31
USDA Section 515 Rural Rental Housing 32
Tracked Units by Federal Program in Shipman, Virginia

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Shipman, Virginia

Shipman features 32 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 Shipman, Virginia

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Shipman.

Housing Choice Vouchers in Shipman, Virginia

On average, Section 8 Housing Choice vouchers pay Shipman landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Shipman.

The maximum amount a voucher would pay on behalf of a low-income tenant in Shipman, Virginia for a two-bedroom apartment is between $1,510 and $1,846.

Sourced from federal housing data and AffordableHousingOnline.com research.