What HUD offices serve Liberty Lake, 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 Liberty Lake.
How many renters live in Liberty Lake, Washington?
The City of Liberty Lake has 12,026 people living in 4,401 households.
There are 4,006 renters living in 1,494 renter households in this City. Renters make up 33.31 percent of the population living in Liberty Lake.
What is the rental market like in Liberty Lake, Washington?
There are an estimated 4,675 housing units in the Liberty Lake area. Of these, 1,572 units are rental homes, making up 34 percent of the housing market. For every renter household in Liberty Lake, Washington, there are 1 rental units.
What is the vacancy rate for rentals in Liberty Lake?
The rental vacancy rate in Liberty Lake is 5 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 Liberty Lake for each bedroom size?
Occupied Rental Units by Size in Liberty Lake
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 40 | 120 | 673 | 472 | 161 |
Occupied Rental Units by Size in Liberty Lake
A large number of apartments in Liberty Lake 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 Liberty Lake are overburdened by housing costs?
Among renter households in this market, 50 percent have housing cost burden. Further, 23 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 Liberty Lake
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $890 to $2,131. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $890 |
| One BR | $1,012 |
| Two BR | $1,304 |
| Three BR | $1,835 |
| Four BR | $2,131 |
2024 Fair Market Rents in Liberty Lake, Washington
How many units are rented at Fair Market Rent (FMR) in Liberty Lake?
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 | 15 | 38 percent |
| One BR | 67 | 56 percent |
| Two BR | 203 | 30 percent |
Rental Units Below FMR in Liberty Lake, Washington
How many affordable rental units are in Liberty Lake?
There are a variety of federal affordable housing programs serving households in Liberty Lake, Washington including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 183 |
Tracked Units by Federal Program in Liberty Lake, Washington
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Liberty Lake, Washington
Liberty Lake 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 Liberty Lake, Washington
There are 186 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Liberty Lake.
Housing Choice Vouchers in Liberty Lake, Washington
On average, Section 8 Housing Choice vouchers pay Liberty Lake landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Liberty Lake.
The maximum amount a voucher would pay on behalf of a low-income tenant in Liberty Lake, Washington for a two-bedroom apartment is between $1,174 and $1,434.
Sourced from federal housing data and AffordableHousingOnline.com research.
