How many renters live in Fayetteville, New York?
The City of Fayetteville has 4,248 people living in 1,885 households.
There are 749 renters living in 438 renter households in this City. Renters make up 17.63 percent of the population living in Fayetteville.
What is the rental market like in Fayetteville, New York?
There are an estimated 2,000 housing units in the Fayetteville area. Of these, 475 units are rental homes, making up 24 percent of the housing market. For every renter household in Fayetteville, New York, there are 1 rental units.
What is the vacancy rate for rentals in Fayetteville?
The rental vacancy rate in Fayetteville is 8 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 Fayetteville for each bedroom size?
Occupied Rental Units by Size in Fayetteville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 87 | 268 | 14 | 59 |
Occupied Rental Units by Size in Fayetteville
A large number of apartments in Fayetteville 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 Fayetteville are overburdened by housing costs?
Among renter households in this market, 37 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 Fayetteville
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 Fayetteville, New York
How many units are rented at Fair Market Rent (FMR) in Fayetteville?
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 | 47 | 54 percent |
| Two BR | 52 | 19 percent |
Rental Units Below FMR in Fayetteville, New York
How many affordable rental units are in Fayetteville?
There are a variety of federal affordable housing programs serving households in Fayetteville, New York including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 1 |
Tracked Units by Federal Program in Fayetteville, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Fayetteville, New York
Fayetteville features 50 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 Fayetteville, New York
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fayetteville.
Housing Choice Vouchers in Fayetteville, New York
On average, Section 8 Housing Choice vouchers pay Fayetteville landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Fayetteville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fayetteville, New York for a two-bedroom apartment is between $1,013 and $1,239.
Sourced from federal housing data and AffordableHousingOnline.com research.
