How many renters live in Storrs, Connecticut?
The City of Storrs has 17,606 people living in 2,241 households.
There are 2,776 renters living in 1,427 renter households in this City. Renters make up 15.77 percent of the population living in Storrs.
What is the rental market like in Storrs, Connecticut?
There are an estimated 2,514 housing units in the Storrs area. Of these, 1,638 units are rental homes, making up 65 percent of the housing market. For every renter household in Storrs, Connecticut, there are 1 rental units.
What is the vacancy rate for rentals in Storrs?
The rental vacancy rate in Storrs is 9 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 Storrs for each bedroom size?
Occupied Rental Units by Size in Storrs
Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
---|---|---|---|---|
79 | 461 | 559 | 203 | 121 |
Occupied Rental Units by Size in Storrs
A large number of apartments in Storrs 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 Storrs are overburdened by housing costs?
Among renter households in this market, 56 percent have housing cost burden. Further, 44 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 Storrs
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,121 to $2,425. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size | 2024 Fair Market Rents |
Studio | $1,121 |
One BR | $1,319 |
Two BR | $1,654 |
Three BR | $2,000 |
Four BR | $2,425 |
2024 Fair Market Rents in Storrs, Connecticut
How many units are rented at Fair Market Rent (FMR) in Storrs?
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 |
Studio | 4 | 5 percent |
One BR | 314 | 68 percent |
Two BR | 133 | 24 percent |
Rental Units Below FMR in Storrs, Connecticut
How many affordable rental units are in Storrs?
There are a variety of federal affordable housing programs serving households in Storrs, Connecticut including the following:
Federal Program | Unit Count |
Section 8 Project-Based Rental Assistance | 100 |
Tracked Units by Federal Program in Storrs, Connecticut
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Storrs, Connecticut
Storrs features 100 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 Storrs, Connecticut
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Storrs.
Housing Choice Vouchers in Storrs, Connecticut
On average, Section 8 Housing Choice vouchers pay Storrs landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Storrs.
The maximum amount a voucher would pay on behalf of a low-income tenant in Storrs, Connecticut for a two-bedroom apartment is between $1,489 and $1,819.
Sourced from federal housing data and AffordableHousingOnline.com research.