Low Income Apartments and Affordable Housing For Rent in Salem, OR (2024)

What HUD offices serve Salem, Oregon?

Public Housing Agencies operate federally assisted affordable housing programs atlocal levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within theirjurisdiction.

Go to theOregonPublic Housing and Low-Income Apartments Waiting Lists page for openings near Salem.

How many renters live in Salem, Oregon?

The City of Salem has 177,490people living in 68,667 households.

There are 72,522 renters living in31,001 renter households in thisCity. Renters make up 40.86percent of the population living in Salem.

What is the rental market like in Salem, Oregon?

There are an estimated 69,286 housing units in theSalem area. Of these, 31,599 units are rentalhomes, making up 46 percent of the housing market. Forevery renter household in Salem, Oregon, there are1 rental units.

What is the vacancy rate for rentals in Salem?

The rental vacancy rate in Salem is 5 percent.This is alower than averagevacancy rate.When rental vacancy rates are low there are fewer available units. Rents tend to be higher as morepeoplecompete for scarce housing.

How many rental units are in Salem for each bedroom size?

A large number of apartments in Salem have two or fewer bedrooms. Seniors and youngprofessionalsespecially may have more success finding an apartment that meets their needs.

How many renter households in Salem are overburdened by housing costs?

Among renter households in this market, 50percent havehousing cost burden. Further, 29percent of households are extremely rent overburdened. When renters pay too much for their housing, itleaveslittle money for other necessities like food, clothes, or medicine.

The federal government says that renters arecost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Salem

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - rangesfrom $997 to $2,095. FMRs areupdated annually by HUD for every city and county nationwide.

How many units are rented at Fair Market Rent (FMR) in Salem?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s FairMarket Rent. Markets with a large share of units above FMR tend to have longer search times to find aqualified unit, while those with a large share of units below FMR tend to have more choices and shortersearch 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:

How many affordable rental units are in Salem?

There are a variety of federal affordable housing programs serving households inSalem, Oregon including the following:

Income Based Apartments in Salem, Oregon

Salem features 1,545 income based apartments.Tenants of income based apartments typically pay no more than 30% of their income towards rent andutilities.

Low Rent Apartments in Salem, Oregon

There are 1,168 rent subsidized apartments that do notprovide direct rental assistance but remain affordable to low income households in Salem.

Housing Choice Vouchers in Salem, Oregon

On average, Section 8 Housing Choice vouchers pay Salem landlords$600 per month towards rent. The average voucher holdercontributes $400 towards rent inSalem.

The maximum amount a voucher would pay on behalf of a low-income tenant in Salem, Oregon fora two-bedroom apartment is between $1,206 and $1,474.

Sourced from federal housing data and AffordableHousingOnline.comresearch.