How many renters live in Bradford, Rhode Island?
The City of Bradford has 1,189 people living in 517 households.
There are 412 renters living in 188 renter households in this City. Renters make up 34.65 percent of the population living in Bradford.
What is the rental market like in Bradford, Rhode Island?
There are an estimated 517 housing units in the Bradford area. Of these, 188 units are rental homes, making up 36 percent of the housing market. For every renter household in Bradford, Rhode Island, there are 1 rental units.
What is the vacancy rate for rentals in Bradford?
The rental vacancy rate in Bradford 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 Bradford for each bedroom size?
Occupied Rental Units by Size in Bradford
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 111 | 0 | 77 | 0 |
Occupied Rental Units by Size in Bradford
A large number of apartments in Bradford 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 Bradford are overburdened by housing costs?
Among renter households in this market, 65 percent have housing cost burden. Further, 59 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 Bradford
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,289 to $2,536. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,289 |
| One BR | $1,398 |
| Two BR | $1,693 |
| Three BR | $2,047 |
| Four BR | $2,536 |
2024 Fair Market Rents in Bradford, Rhode Island
How many units are rented at Fair Market Rent (FMR) in Bradford?
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 | 111 | 100 percent |
Rental Units Below FMR in Bradford, Rhode Island
How many affordable rental units are in Bradford?
Income Based Apartments in Bradford, Rhode Island
Bradford 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 Bradford, Rhode Island
There are 72 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bradford.
Housing Choice Vouchers in Bradford, Rhode Island
On average, Section 8 Housing Choice vouchers pay Bradford landlords $800 per month towards rent. The average voucher holder contributes $500 towards rent in Bradford.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bradford, Rhode Island for a two-bedroom apartment is between $1,449 and $1,771.
Sourced from federal housing data and AffordableHousingOnline.com research.
