What HUD offices serve Great Neck, New York?
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 New York Public Housing and Low-Income Apartments Waiting Lists page for openings near Great Neck.
How many renters live in Great Neck, New York?
The City of Great Neck has 11,060 people living in 3,300 households.
There are 3,306 renters living in 863 renter households in this City. Renters make up 29.89 percent of the population living in Great Neck.
What is the rental market like in Great Neck, New York?
There are an estimated 3,696 housing units in the Great Neck area. Of these, 962 units are rental homes, making up 26 percent of the housing market. For every renter household in Great Neck, New York, there are 1 rental units.
What is the vacancy rate for rentals in Great Neck?
The rental vacancy rate in Great Neck is 10 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 Great Neck for each bedroom size?
Occupied Rental Units by Size in Great Neck
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 241 | 236 | 260 | 117 |
Occupied Rental Units by Size in Great Neck
A large number of apartments in Great Neck 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 Great Neck are overburdened by housing costs?
Among renter households in this market, 56 percent have housing cost burden. Further, 36 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 Great Neck
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,708 to $3,521. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,708 |
| One BR | $2,144 |
| Two BR | $2,508 |
| Three BR | $3,246 |
| Four BR | $3,521 |
2024 Fair Market Rents in Great Neck, New York
How many units are rented at Fair Market Rent (FMR) in Great Neck?
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 | 75 | 31 percent |
| Two BR | 24 | 10 percent |
Rental Units Below FMR in Great Neck, New York
How many affordable rental units are in Great Neck?
There are a variety of federal affordable housing programs serving households in Great Neck, New York including the following:
| Federal Program | Unit Count |
| Public Housing | 75 |
Tracked Units by Federal Program in Great Neck, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Great Neck, New York
Great Neck features 75 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 Great Neck, New York
There are 102 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Great Neck.
Housing Choice Vouchers in Great Neck, New York
On average, Section 8 Housing Choice vouchers pay Great Neck landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Great Neck.
The maximum amount a voucher would pay on behalf of a low-income tenant in Great Neck, New York for a two-bedroom apartment is between $2,257 and $2,759.
Sourced from federal housing data and AffordableHousingOnline.com research.
