What HUD offices serve New Square, 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 New Square.
How many renters live in New Square, New York?
The City of New Square has 9,578 people living in 1,766 households.
There are 8,168 renters living in 1,504 renter households in this City. Renters make up 85.28 percent of the population living in New Square.
What is the rental market like in New Square, New York?
There are an estimated 1,799 housing units in the New Square area. Of these, 1,504 units are rental homes, making up 84 percent of the housing market. For every renter household in New Square, New York, there are 1 rental units.
What is the vacancy rate for rentals in New Square?
The rental vacancy rate in New Square 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 New Square for each bedroom size?
Occupied Rental Units by Size in New Square
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 97 | 442 | 347 | 261 |
Occupied Rental Units by Size in New Square
A large number of apartments in New Square 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 New Square are overburdened by housing costs?
Among renter households in this market, 77 percent have housing cost burden. Further, 62 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 New Square
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $2,386 to $3,700. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $2,386 |
| One BR | $2,451 |
| Two BR | $2,752 |
| Three BR | $3,434 |
| Four BR | $3,700 |
2024 Fair Market Rents in New Square, New York
How many units are rented at Fair Market Rent (FMR) in New Square?
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 | 70 | 72 percent |
| Two BR | 353 | 80 percent |
Rental Units Below FMR in New Square, New York
How many affordable rental units are in New Square?
There are a variety of federal affordable housing programs serving households in New Square, New York including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 76 |
| Section 8 Project-Based Rental Assistance | 44 |
Tracked Units by Federal Program in New Square, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in New Square, New York
New Square 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 New Square, New York
There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Square.
Housing Choice Vouchers in New Square, New York
On average, Section 8 Housing Choice vouchers pay New Square landlords $1,400 per month towards rent. The average voucher holder contributes $500 towards rent in New Square.
The maximum amount a voucher would pay on behalf of a low-income tenant in New Square, New York for a two-bedroom apartment is between $2,477 and $3,027.
Sourced from federal housing data and AffordableHousingOnline.com research.
