How many renters live in Stephens City, Virginia?
The City of Stephens City has people living in households.
There are renters living in renter households in this City. Renters make up 35.6 percent of the population living in Stephens City.
What is the rental market like in Stephens City, Virginia?
There are an estimated housing units in the Stephens City area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Stephens City, Virginia, there are 1.02 rental units.
What is the vacancy rate for rentals in Stephens City?
The rental vacancy rate in Stephens City is 1 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 Stephens City for each bedroom size?
Occupied Rental Units by Size in Stephens City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 62 | 130 | 110 | 29 |
Occupied Rental Units by Size in Stephens City
A large number of apartments in Stephens City 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 Stephens City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $983 to $2,347. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $983 |
| One BR | $1,104 |
| Two BR | $1,390 |
| Three BR | $1,734 |
| Four BR | $2,347 |
2024 Fair Market Rents in Stephens City, Virginia
How many units are rented at Fair Market Rent (FMR) in Stephens City?
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 | 50 | 81 percent |
| Two BR | 102 | 78 percent |
Rental Units Below FMR in Stephens City, Virginia
How many affordable rental units are in Stephens City?
Income Based Apartments in Stephens City, Virginia
Stephens City features 94 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 Stephens City, Virginia
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stephens City.
Housing Choice Vouchers in Stephens City, Virginia
On average, Section 8 Housing Choice vouchers pay Stephens City landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Stephens City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Stephens City, Virginia for a two-bedroom apartment is between $1,251 and $1,529.
Sourced from federal housing data and AffordableHousingOnline.com research.