How many renters live in La Fargeville, New York?
The City of La Fargeville has 530 people living in 211 households.
There are 336 renters living in 129 renter households in this City. Renters make up 63.4 percent of the population living in La Fargeville.
What is the rental market like in La Fargeville, New York?
There are an estimated 239 housing units in the La Fargeville area. Of these, 143 units are rental homes, making up 60 percent of the housing market. For every renter household in La Fargeville, New York, there are 1 rental units.
What is the vacancy rate for rentals in La Fargeville?
The rental vacancy rate in La Fargeville 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 La Fargeville for each bedroom size?
Occupied Rental Units by Size in La Fargeville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 25 | 80 | 2 | 5 |
Occupied Rental Units by Size in La Fargeville
A large number of apartments in La Fargeville 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 La Fargeville are overburdened by housing costs?
Among renter households in this market, 88 percent have housing cost burden. Further, 9 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 La Fargeville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $922 to $2,231. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $922 |
| One BR | $1,035 |
| Two BR | $1,360 |
| Three BR | $1,843 |
| Four BR | $2,231 |
2024 Fair Market Rents in La Fargeville, New York
How many units are rented at Fair Market Rent (FMR) in La Fargeville?
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 | 25 | 100 percent |
| Two BR | 75 | 94 percent |
Rental Units Below FMR in La Fargeville, New York
How many affordable rental units are in La Fargeville?
There are a variety of federal affordable housing programs serving households in La Fargeville, New York including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 24 |
Tracked Units by Federal Program in La Fargeville, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in La Fargeville, New York
La Fargeville features 0 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 La Fargeville, New York
There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in La Fargeville.
Housing Choice Vouchers in La Fargeville, New York
On average, Section 8 Housing Choice vouchers pay La Fargeville landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in La Fargeville.
The maximum amount a voucher would pay on behalf of a low-income tenant in La Fargeville, New York for a two-bedroom apartment is between $1,224 and $1,496.
Sourced from federal housing data and AffordableHousingOnline.com research.
