What HUD offices serve Otsego County, 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 Otsego County.
How many renters live in Otsego County, New York?
The County of Otsego County has people living in households.
There are renters living in renter households in this County. Renters make up 20.91 percent of the population living in Otsego County.
What is the rental market like in Otsego County, New York?
There are an estimated housing units in the Otsego County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Otsego County, New York, there are 1.18 rental units.
What is the vacancy rate for rentals in Otsego County?
The rental vacancy rate in Otsego County 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 Otsego County for each bedroom size?
Occupied Rental Units by Size in Otsego County
Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
---|---|---|---|---|
464 | 1,506 | 2,182 | 1,152 | 289 |
Occupied Rental Units by Size in Otsego County
A large number of apartments in Otsego County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Otsego County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $719 to $1,413. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size | 2024 Fair Market Rents |
Studio | $719 |
One BR | $879 |
Two BR | $1,061 |
Three BR | $1,304 |
Four BR | $1,413 |
2024 Fair Market Rents in Otsego County, New York
How many units are rented at Fair Market Rent (FMR) in Otsego County?
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 | 271 | 58 percent |
One BR | 862 | 57 percent |
Two BR | 1,201 | 55 percent |
Rental Units Below FMR in Otsego County, New York
How many affordable rental units are in Otsego County?
There are a variety of federal affordable housing programs serving households in Otsego County, New York including the following:
Federal Program | Unit Count |
Low Income Housing Tax Credit | |
Public Housing | |
Section 8 Project-Based Rental Assistance | |
USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Otsego County, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Otsego County, New York
Otsego County features 330 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 Otsego County, New York
There are 92 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Otsego County.
Housing Choice Vouchers in Otsego County, New York
On average, Section 8 Housing Choice vouchers pay Otsego County landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Otsego County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Otsego County, New York for a two-bedroom apartment is between $955 and $1,167.
Sourced from federal housing data and AffordableHousingOnline.com research.