What HUD offices serve Bainbridge Island, Washington?
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 Washington Public Housing and Low-Income Apartments Waiting Lists page for openings near Bainbridge Island.
How many renters live in Bainbridge Island, Washington?
The City of Bainbridge Island has people living in households.
There are renters living in renter households in this City. Renters make up 16.59 percent of the population living in Bainbridge Island.
What is the rental market like in Bainbridge Island, Washington?
There are an estimated housing units in the Bainbridge Island area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Bainbridge Island, Washington, there are 1.02 rental units.
What is the vacancy rate for rentals in Bainbridge Island?
The rental vacancy rate in Bainbridge Island 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 Bainbridge Island for each bedroom size?
Occupied Rental Units by Size in Bainbridge Island
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 141 | 386 | 764 | 378 | 167 |
Occupied Rental Units by Size in Bainbridge Island
A large number of apartments in Bainbridge Island 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 Bainbridge Island
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,389 to $3,181. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,389 |
| One BR | $1,559 |
| Two BR | $2,049 |
| Three BR | $2,698 |
| Four BR | $3,181 |
2024 Fair Market Rents in Bainbridge Island, Washington
How many units are rented at Fair Market Rent (FMR) in Bainbridge Island?
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 | 133 | 94 percent |
| One BR | 245 | 63 percent |
| Two BR | 274 | 36 percent |
Rental Units Below FMR in Bainbridge Island, Washington
How many affordable rental units are in Bainbridge Island?
There are a variety of federal affordable housing programs serving households in Bainbridge Island, Washington including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Bainbridge Island, Washington
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Bainbridge Island, Washington
Bainbridge Island features 176 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 Bainbridge Island, Washington
There are 9 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bainbridge Island.
Housing Choice Vouchers in Bainbridge Island, Washington
On average, Section 8 Housing Choice vouchers pay Bainbridge Island landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Bainbridge Island.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bainbridge Island, Washington for a two-bedroom apartment is between $1,844 and $2,254.
Sourced from federal housing data and AffordableHousingOnline.com research.