What HUD offices serve Vansant, 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 Vansant.
How many renters live in Vansant, Virginia?
The City of Vansant has 229 people living in 104 households.
There are 98 renters living in 52 renter households in this City. Renters make up 42.79 percent of the population living in Vansant.
What is the rental market like in Vansant, Virginia?
There are an estimated 180 housing units in the Vansant area. Of these, 52 units are rental homes, making up 29 percent of the housing market. For every renter household in Vansant, Virginia, there are 1 rental units.
What is the vacancy rate for rentals in Vansant?
The rental vacancy rate in Vansant 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 Vansant for each bedroom size?
Occupied Rental Units by Size in Vansant
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 15 | 10 | 27 | 0 | 0 |
Occupied Rental Units by Size in Vansant
A large number of apartments in Vansant 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 Vansant are overburdened by housing costs?
Among renter households in this market, 54 percent have housing cost burden. Further, 19 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 Vansant
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $725 to $1,324. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $725 |
| One BR | $730 |
| Two BR | $905 |
| Three BR | $1,176 |
| Four BR | $1,324 |
2024 Fair Market Rents in Vansant, Virginia
How many units are rented at Fair Market Rent (FMR) in Vansant?
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 | 14 | 93 percent |
| One BR | 9 | 90 percent |
| Two BR | 17 | 63 percent |
Rental Units Below FMR in Vansant, Virginia
How many affordable rental units are in Vansant?
Income Based Apartments in Vansant, Virginia
Vansant features 0 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 Vansant, Virginia
There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Vansant.
Housing Choice Vouchers in Vansant, Virginia
On average, Section 8 Housing Choice vouchers pay Vansant landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Vansant.
The maximum amount a voucher would pay on behalf of a low-income tenant in Vansant, Virginia for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.
