How many renters live in Phoenix, New York?
The City of Phoenix has 2,440 people living in 1,075 households.
There are 1,232 renters living in 603 renter households in this City. Renters make up 50.49 percent of the population living in Phoenix.
What is the rental market like in Phoenix, New York?
There are an estimated 1,204 housing units in the Phoenix area. Of these, 616 units are rental homes, making up 51 percent of the housing market. For every renter household in Phoenix, New York, there are 1 rental units.
What is the vacancy rate for rentals in Phoenix?
The rental vacancy rate in Phoenix is 2 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 Phoenix for each bedroom size?
Occupied Rental Units by Size in Phoenix
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 162 | 279 | 149 | 7 |
Occupied Rental Units by Size in Phoenix
A large number of apartments in Phoenix 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 Phoenix are overburdened by housing costs?
Among renter households in this market, 53 percent have housing cost burden. Further, 30 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 Phoenix
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $828 to $1,600. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $828 |
| One BR | $916 |
| Two BR | $1,126 |
| Three BR | $1,381 |
| Four BR | $1,600 |
2024 Fair Market Rents in Phoenix, New York
How many units are rented at Fair Market Rent (FMR) in Phoenix?
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 | 97 | 60 percent |
| Two BR | 171 | 61 percent |
Rental Units Below FMR in Phoenix, New York
How many affordable rental units are in Phoenix?
There are a variety of federal affordable housing programs serving households in Phoenix, New York including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 86 |
| USDA Section 515 Rural Rental Housing | 159 |
Tracked Units by Federal Program in Phoenix, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Phoenix, New York
Phoenix features 135 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 Phoenix, New York
There are 39 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Phoenix.
Housing Choice Vouchers in Phoenix, New York
On average, Section 8 Housing Choice vouchers pay Phoenix landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Phoenix.
The maximum amount a voucher would pay on behalf of a low-income tenant in Phoenix, New York for a two-bedroom apartment is between $1,013 and $1,239.
Sourced from federal housing data and AffordableHousingOnline.com research.
