What HUD offices serve Castle Rock, 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 Castle Rock.
How many renters live in Castle Rock, Washington?
The City of Castle Rock has 2,624 people living in 941 households.
There are 750 renters living in 314 renter households in this City. Renters make up 28.58 percent of the population living in Castle Rock.
What is the rental market like in Castle Rock, Washington?
There are an estimated 994 housing units in the Castle Rock area. Of these, 314 units are rental homes, making up 32 percent of the housing market. For every renter household in Castle Rock, Washington, there are 1 rental units.
What is the vacancy rate for rentals in Castle Rock?
The rental vacancy rate in Castle Rock 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 Castle Rock for each bedroom size?
Occupied Rental Units by Size in Castle Rock
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 67 | 190 | 26 | 31 |
Occupied Rental Units by Size in Castle Rock
A large number of apartments in Castle Rock 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 Castle Rock are overburdened by housing costs?
Among renter households in this market, 55 percent have housing cost burden. Further, 25 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 Castle Rock
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $909 to $2,276. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $909 |
| One BR | $1,109 |
| Two BR | $1,341 |
| Three BR | $1,890 |
| Four BR | $2,276 |
2024 Fair Market Rents in Castle Rock, Washington
How many units are rented at Fair Market Rent (FMR) in Castle Rock?
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 | 67 | 100 percent |
| Two BR | 116 | 61 percent |
Rental Units Below FMR in Castle Rock, Washington
How many affordable rental units are in Castle Rock?
There are a variety of federal affordable housing programs serving households in Castle Rock, Washington including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing | 51 |
Tracked Units by Federal Program in Castle Rock, Washington
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Castle Rock, Washington
Castle Rock features 35 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 Castle Rock, Washington
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Castle Rock.
Housing Choice Vouchers in Castle Rock, Washington
On average, Section 8 Housing Choice vouchers pay Castle Rock landlords $600 per month towards rent. The average voucher holder contributes $500 towards rent in Castle Rock.
The maximum amount a voucher would pay on behalf of a low-income tenant in Castle Rock, Washington for a two-bedroom apartment is between $1,207 and $1,475.
Sourced from federal housing data and AffordableHousingOnline.com research.
