What HUD offices serve Terryville, Connecticut?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Connecticut Public Housing and Low-Income Apartments Waiting Lists page for openings near Terryville.
How many renters live in Terryville, Connecticut?
The City of Terryville has 4,998 people living in 2,084 households.
There are 1,344 renters living in 671 renter households in this City. Renters make up 26.89 percent of the population living in Terryville.
What is the rental market like in Terryville, Connecticut?
There are an estimated 2,446 housing units in the Terryville area. Of these, 696 units are rental homes, making up 28 percent of the housing market. For every renter household in Terryville, Connecticut, there are 1 rental units.
What is the vacancy rate for rentals in Terryville?
The rental vacancy rate in Terryville is 3 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 Terryville for each bedroom size?
Occupied Rental Units by Size in Terryville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 8 | 253 | 289 | 88 | 33 |
Occupied Rental Units by Size in Terryville
A large number of apartments in Terryville 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 Terryville are overburdened by housing costs?
Among renter households in this market, 46 percent have housing cost burden. Further, 20 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 Terryville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,006 to $2,024. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,006 |
| One BR | $1,160 |
| Two BR | $1,484 |
| Three BR | $1,819 |
| Four BR | $2,024 |
2024 Fair Market Rents in Terryville, Connecticut
How many units are rented at Fair Market Rent (FMR) in Terryville?
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 | 8 | 100 percent |
| One BR | 144 | 57 percent |
| Two BR | 248 | 86 percent |
Rental Units Below FMR in Terryville, Connecticut
How many affordable rental units are in Terryville?
There are a variety of federal affordable housing programs serving households in Terryville, Connecticut including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing | 34 |
Tracked Units by Federal Program in Terryville, Connecticut
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Terryville, Connecticut
Terryville features 34 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 Terryville, Connecticut
There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Terryville.
Housing Choice Vouchers in Terryville, Connecticut
On average, Section 8 Housing Choice vouchers pay Terryville landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Terryville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Terryville, Connecticut for a two-bedroom apartment is between $1,336 and $1,632.
Sourced from federal housing data and AffordableHousingOnline.com research.
