How many renters live in Jewett City, Connecticut?
The City of Jewett City has 3,415 people living in 1,484 households.
There are 2,002 renters living in 956 renter households in this City. Renters make up 58.62 percent of the population living in Jewett City.
What is the rental market like in Jewett City, Connecticut?
There are an estimated 1,595 housing units in the Jewett City area. Of these, 987 units are rental homes, making up 62 percent of the housing market. For every renter household in Jewett City, Connecticut, there are 1 rental units.
What is the vacancy rate for rentals in Jewett City?
The rental vacancy rate in Jewett City is 0 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 Jewett City for each bedroom size?
Occupied Rental Units by Size in Jewett City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 145 | 464 | 330 | 0 |
Occupied Rental Units by Size in Jewett City
A large number of apartments in Jewett City 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 Jewett City are overburdened by housing costs?
Among renter households in this market, 47 percent have housing cost burden. Further, 12 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 Jewett City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,055 to $2,625. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,055 |
| One BR | $1,263 |
| Two BR | $1,556 |
| Three BR | $2,030 |
| Four BR | $2,625 |
2024 Fair Market Rents in Jewett City, Connecticut
How many units are rented at Fair Market Rent (FMR) in Jewett City?
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 | 121 | 83 percent |
| Two BR | 378 | 81 percent |
Rental Units Below FMR in Jewett City, Connecticut
How many affordable rental units are in Jewett City?
There are a variety of federal affordable housing programs serving households in Jewett City, Connecticut including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 25 |
| USDA Section 515 Rural Rental Housing | 28 |
Tracked Units by Federal Program in Jewett City, Connecticut
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Jewett City, Connecticut
Jewett City features 67 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 Jewett City, Connecticut
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Jewett City.
Housing Choice Vouchers in Jewett City, Connecticut
On average, Section 8 Housing Choice vouchers pay Jewett City landlords $1,100 per month towards rent. The average voucher holder contributes $300 towards rent in Jewett City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Jewett City, Connecticut for a two-bedroom apartment is between $1,400 and $1,712.
Sourced from federal housing data and AffordableHousingOnline.com research.
