Low Income Apartments and Affordable Housing For Rent in Hoosick Falls, NY

Discover affordable housing in Hoosick Falls where there are 3+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Woodbridge Heights Sr Citizen Hsg

9 Bussey Ln, Hoosick Falls, New York

Woodpark Apts

1 Woodpark Ln, Hoosick Falls, New York

Hoosac Meadows

1 Hoosick Meadows Way, Hoosick Falls, New York 12090

Open Until Further Notice

Reported On February 23rd, 2024 by Chris Madden

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Hoosick Falls, New York
$26.02/hour
$11.02 (+73%) more than New York minimum wage and $18.77 (+259%) more than the Federal minimum wage.
Learn More About Hoosick Falls, New York Affordable Housing ↓

What HUD offices serve Hoosick Falls, 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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Hoosick Falls, New York.

Go to the New York Public Housing and Low-Income Apartments Waiting Lists page for openings near Hoosick Falls.

How many renters live in Hoosick Falls, New York?

The City of Hoosick Falls has 3,225 people living in 1,314 households.

There are 1,022 renters living in 487 renter households in this City. Renters make up 31.69 percent of the population living in Hoosick Falls.

What is the rental market like in Hoosick Falls, New York?

There are an estimated 1,689 housing units in the Hoosick Falls area. Of these, 487 units are rental homes, making up 29 percent of the housing market. For every renter household in Hoosick Falls, New York, there are 1 rental units.

What is the vacancy rate for rentals in Hoosick Falls?

The rental vacancy rate in Hoosick Falls is 0 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 Hoosick Falls for each bedroom size?

Occupied Rental Units by Size in Hoosick Falls
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
139 73 198 67 0
Occupied Rental Units by Size in Hoosick Falls

A large number of apartments in Hoosick Falls 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 Hoosick Falls are overburdened by housing costs?

Among renter households in this market, 33 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 Hoosick Falls

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,011 to $1,830. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,011
One BR $1,131
Two BR $1,374
Three BR $1,661
Four BR $1,830
2024 Fair Market Rents in Hoosick Falls, New York

How many units are rented at Fair Market Rent (FMR) in Hoosick Falls?

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 130 94 percent
One BR 73 100 percent
Two BR 174 88 percent
Rental Units Below FMR in Hoosick Falls, New York

How many affordable rental units are in Hoosick Falls?

There are a variety of federal affordable housing programs serving households in Hoosick Falls, New York including the following:

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Hoosick Falls, New York

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Hoosick Falls, New York

Hoosick Falls features 55 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 Hoosick Falls, New York

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hoosick Falls.

Housing Choice Vouchers in Hoosick Falls, New York

On average, Section 8 Housing Choice vouchers pay Hoosick Falls landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Hoosick Falls.

The maximum amount a voucher would pay on behalf of a low-income tenant in Hoosick Falls, New York for a two-bedroom apartment is between $1,237 and $1,511.

Sourced from federal housing data and AffordableHousingOnline.com research.