What HUD offices serve Medical 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 Medical Lake.
How many renters live in Medical Lake, Washington?
The City of Medical Lake has 4,909 people living in 1,761 households.
There are 997 renters living in 504 renter households in this City. Renters make up 20.31 percent of the population living in Medical Lake.
What is the rental market like in Medical Lake, Washington?
There are an estimated 1,849 housing units in the Medical Lake area. Of these, 548 units are rental homes, making up 30 percent of the housing market. For every renter household in Medical Lake, Washington, there are 1 rental units.
What is the vacancy rate for rentals in Medical Lake?
The rental vacancy rate in Medical Lake is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Medical Lake for each bedroom size?
Occupied Rental Units by Size in Medical Lake
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 154 | 223 | 127 | 0 |
Occupied Rental Units by Size in Medical Lake
A large number of apartments in Medical 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 Medical Lake are overburdened by housing costs?
Among renter households in this market, 40 percent have housing cost burden. Further, 3 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 Medical 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 Medical Lake, Washington
How many units are rented at Fair Market Rent (FMR) in Medical 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 |
| One BR | 154 | 100 percent |
| Two BR | 216 | 97 percent |
Rental Units Below FMR in Medical Lake, Washington
How many affordable rental units are in Medical Lake?
There are a variety of federal affordable housing programs serving households in Medical Lake, Washington including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing | 48 |
Tracked Units by Federal Program in Medical Lake, Washington
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Medical Lake, Washington
Medical Lake features 48 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 Medical Lake, Washington
There are 4 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Medical Lake.
Housing Choice Vouchers in Medical Lake, Washington
On average, Section 8 Housing Choice vouchers pay Medical Lake landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Medical Lake.
The maximum amount a voucher would pay on behalf of a low-income tenant in Medical Lake, Washington for a two-bedroom apartment is between $1,174 and $1,434.
Sourced from federal housing data and AffordableHousingOnline.com research.
