How many renters live in Whitney Point, New York?
The City of Whitney Point has 1,116 people living in 413 households.
There are 412 renters living in 192 renter households in this City. Renters make up 36.92 percent of the population living in Whitney Point.
What is the rental market like in Whitney Point, New York?
There are an estimated 481 housing units in the Whitney Point area. Of these, 217 units are rental homes, making up 45 percent of the housing market. For every renter household in Whitney Point, New York, there are 1 rental units.
What is the vacancy rate for rentals in Whitney Point?
The rental vacancy rate in Whitney Point is 12 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 Whitney Point for each bedroom size?
Occupied Rental Units by Size in Whitney Point
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 84 | 59 | 47 | 2 |
Occupied Rental Units by Size in Whitney Point
A large number of apartments in Whitney Point 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 Whitney Point are overburdened by housing costs?
Among renter households in this market, 38 percent have housing cost burden. Further, 11 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 Whitney Point
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $855 to $1,644. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $855 |
| One BR | $904 |
| Two BR | $1,141 |
| Three BR | $1,494 |
| Four BR | $1,644 |
2024 Fair Market Rents in Whitney Point, New York
How many units are rented at Fair Market Rent (FMR) in Whitney Point?
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 | 62 | 74 percent |
| Two BR | 53 | 90 percent |
Rental Units Below FMR in Whitney Point, New York
How many affordable rental units are in Whitney Point?
Income Based Apartments in Whitney Point, New York
Whitney Point 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 Whitney Point, New York
There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Whitney Point.
Housing Choice Vouchers in Whitney Point, New York
On average, Section 8 Housing Choice vouchers pay Whitney Point landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Whitney Point.
The maximum amount a voucher would pay on behalf of a low-income tenant in Whitney Point, New York for a two-bedroom apartment is between $1,027 and $1,255.
Sourced from federal housing data and AffordableHousingOnline.com research.
