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Discover affordable housing in Cadillac where there are 7+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.
209 Pearl St, Cadillac, Michigan 49601
bed1-3
329 Simmons St, Cadillac, Michigan 49601
bed1-2
switch_access_shortcutShort Wait
paymentSubsidized
623 Cadillac Shores Dr, Cadillac, Michigan 49601
1049 Arthur St, Cadillac, Michigan 49601
101 Estate Dr, Cadillac, Michigan 49601
301 Pearl St, Cadillac, Michigan 49601
111 S Simon St, Cadillac, Michigan 49601
How To Identify Affordable Housing in Cadillac, Michigan
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. |
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The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment InCadillac, Michigan
$18.37/hour
(+78%) more thanMichigan minimum wage and
$11.12(+153%) more than the Federal minimum wage.
Learn More About Cadillac, Michigan AffordableHousing ↓
What HUD offices serve Cadillac, Michigan?
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.
Cadillac Housing Commission
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Cadillac, Michigan.
Traverse City Housing Commission
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Cadillac, Michigan.
Go to theMichiganPublic Housing and Low-Income Apartments Waiting Lists page for openings near Cadillac.
How many renters live in Cadillac, Michigan?
The City of Cadillac has 10,400people living in 4,391 households.
There are 2,793 renters living in1,494 renter households in thisCity. Renters make up 26.86percent of the population living in Cadillac.
What is the rental market like in Cadillac, Michigan?
There are an estimated 5,046 housing units in theCadillac area. Of these, 1,756 units are rentalhomes, making up 35 percent of the housing market. Forevery renter household in Cadillac, Michigan, there are1 rental units.
What is the vacancy rate for rentals in Cadillac?
The rental vacancy rate in Cadillac is 15 percent.This is ahigher than averagevacancy rate.When rental vacancy rates are high it means that there are a lot of available units and rents tendto be lower.
How many rental units are in Cadillac for each bedroom size?
Occupied Rental Units by Size in Cadillac
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 90 575 459 275 87 Occupied Rental Units by Size in Cadillac
A large number of apartments in Cadillac have two or fewer bedrooms. Seniors and youngprofessionalsespecially may have more success finding an apartment that meets their needs.
How many renter households in Cadillac are overburdened by housing costs?
Among renter households in this market, 47percent havehousing cost burden. Further, 27percent 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 Cadillac
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - rangesfrom $678 to $1,467. FMRs areupdated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $678 One BR $738 Two BR $970 Three BR $1,265 Four BR $1,467 2024 Fair Market Rents in Cadillac, Michigan
How many units are rented at Fair Market Rent (FMR) in Cadillac?
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 36 40 percent One BR 461 80 percent Two BR 323 70 percent Rental Units Below FMR in Cadillac, Michigan
How many affordable rental units are in Cadillac?
There are a variety of federal affordable housing programs serving households inCadillac, Michigan including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit 351 Public Housing 120 Section 8 Project-Based Rental Assistance 256 USDA Section 515 Rural Rental Housing 64 Tracked Units by Federal Program in Cadillac, Michigan
Income Based Apartments in Cadillac, Michigan
Cadillac features 470 income based apartments.Tenants of income based apartments typically pay no more than 30% of their income towards rent andutilities.
Low Rent Apartments in Cadillac, Michigan
There are 48 rent subsidized apartments that do notprovide direct rental assistance but remain affordable to low income households in Cadillac.
Housing Choice Vouchers in Cadillac, Michigan
On average, Section 8 Housing Choice vouchers pay Cadillac landlords$600 per month towards rent. The average voucher holdercontributes $300 towards rent inCadillac.
The maximum amount a voucher would pay on behalf of a low-income tenant in Cadillac, Michigan fora two-bedroom apartment is between $873 and $1,067.
Sourced from federal housing data and AffordableHousingOnline.comresearch.
Affordable Housing Tip
Search local listings for available Section 8 apartments.
Apartments and homes listed for rent locally may accept a Section 8 voucher, even if the listing doesn't mention the program.
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