How many renters live in Harrisville, Rhode Island?
The City of Harrisville has 1,515 people living in 787 households.
There are 468 renters living in 328 renter households in this City. Renters make up 30.89 percent of the population living in Harrisville.
What is the rental market like in Harrisville, Rhode Island?
There are an estimated 834 housing units in the Harrisville area. Of these, 328 units are rental homes, making up 39 percent of the housing market. For every renter household in Harrisville, Rhode Island, there are 1 rental units.
What is the vacancy rate for rentals in Harrisville?
The rental vacancy rate in Harrisville 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 Harrisville for each bedroom size?
Occupied Rental Units by Size in Harrisville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 45 | 164 | 49 | 57 | 13 |
Occupied Rental Units by Size in Harrisville
A large number of apartments in Harrisville 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 Harrisville are overburdened by housing costs?
Among renter households in this market, 41 percent have housing cost burden. Further, 24 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 Harrisville
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 Harrisville, Rhode Island
How many units are rented at Fair Market Rent (FMR) in Harrisville?
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 | 45 | 100 percent |
| One BR | 160 | 98 percent |
| Two BR | 49 | 100 percent |
Rental Units Below FMR in Harrisville, Rhode Island
How many affordable rental units are in Harrisville?
There are a variety of federal affordable housing programs serving households in Harrisville, Rhode Island including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 36 |
| Public Housing | 76 |
| Section 8 Project-Based Rental Assistance | 11 |
| Section 202 Supportive Housing for the Elderly | 52 |
Tracked Units by Federal Program in Harrisville, Rhode Island
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Harrisville, Rhode Island
Harrisville features 129 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 Harrisville, Rhode Island
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Harrisville.
Housing Choice Vouchers in Harrisville, Rhode Island
On average, Section 8 Housing Choice vouchers pay Harrisville landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Harrisville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Harrisville, Rhode Island for a two-bedroom apartment is between $1,524 and $1,862.
Sourced from federal housing data and AffordableHousingOnline.com research.
