How To Identify Affordable Housing in Castro Valley, California
Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.
| Badge | Description |
|---|---|
switch_access_shortcutShort Wait | Low income apartments with no or short waiting lists. |
paymentSubsidized | Low income housing where the rent is subsidized and the renter pays only a portion of total rent. |
real_estate_agentAccepts Vouchers | Apartments that accept Section 8 vouchers near you |
elderlySenior | Rental housing for seniors who are 55 (or sometimes 62) and older. |
paymentIncome Based | Affordable apartments where the rent paid is based on renter income. |
accessibilityAccessible | Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy. |
accessible_forwardDisability | Apartments for individuals or families with disabilities. |
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment InCastro Valley, California
$49.05/hour
(+207%) more thanCalifornia minimum wage and
$41.80(+577%) more than the Federal minimum wage.
Learn More About Castro Valley, California AffordableHousing ↓
What HUD offices serve Castro Valley, California?
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.
Housing Authority of the County of Alameda
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Castro Valley, California.
Go to theCaliforniaPublic Housing and Low-Income Apartments Waiting Lists page for openings near Castro Valley.
How many renters live in Castro Valley, California?
The City of Castro Valley has 66,506people living in 22,113 households.
There are 16,281 renters living in6,056 renter households in thisCity. Renters make up 24.48percent of the population living in Castro Valley.
What is the rental market like in Castro Valley, California?
There are an estimated 22,885 housing units in theCastro Valley area. Of these, 6,687 units are rentalhomes, making up 29 percent of the housing market. Forevery renter household in Castro Valley, California, there are1 rental units.
What is the vacancy rate for rentals in Castro Valley?
The rental vacancy rate in Castro Valley 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 Castro Valley for each bedroom size?
Occupied Rental Units by Size in Castro Valley
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 242 988 3,561 1,155 302 Occupied Rental Units by Size in Castro Valley
A large number of apartments in Castro Valley have two or fewer bedrooms. Seniors and youngprofessionalsespecially may have more success finding an apartment that meets their needs.
How many renter households in Castro Valley are overburdened by housing costs?
Among renter households in this market, 56percent havehousing cost burden. Further, 24percent 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 Castro Valley
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - rangesfrom $1,825 to $3,954. FMRs areupdated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $1,825 One BR $2,131 Two BR $2,590 Three BR $3,342 Four BR $3,954 2024 Fair Market Rents in Castro Valley, California
How many units are rented at Fair Market Rent (FMR) in Castro Valley?
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:Unit Size Count of Units Below FMR Percentage of Total Units Below FMR Studio 26 11 percent One BR 302 31 percent Two BR 466 13 percent Rental Units Below FMR in Castro Valley, California
How many affordable rental units are in Castro Valley?
There are a variety of federal affordable housing programs serving households inCastro Valley, California including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit 123 Section 8 Project-Based Rental Assistance 1 Tracked Units by Federal Program in Castro Valley, California
Income Based Apartments in Castro Valley, California
Castro Valley features 8 income based apartments.Tenants of income based apartments typically pay no more than 30% of their income towards rent andutilities.
Low Rent Apartments in Castro Valley, California
There are 220 rent subsidized apartments that do notprovide direct rental assistance but remain affordable to low income households in Castro Valley.
Housing Choice Vouchers in Castro Valley, California
On average, Section 8 Housing Choice vouchers pay Castro Valley landlords$1,800 per month towards rent. The average voucher holdercontributes $600 towards rent inCastro Valley.
The maximum amount a voucher would pay on behalf of a low-income tenant in Castro Valley, California fora two-bedroom apartment is between $2,331 and $2,849.
Sourced from federal housing data and AffordableHousingOnline.comresearch.
