How many renters live in Cowen, West Virginia?
The City of Cowen has people living in households.
There are renters living in renter households in this City. Renters make up 36.33 percent of the population living in Cowen.
What is the rental market like in Cowen, West Virginia?
There are an estimated housing units in the Cowen area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Cowen, West Virginia, there are 1.06 rental units.
What is the vacancy rate for rentals in Cowen?
The rental vacancy rate in Cowen 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 Cowen for each bedroom size?
Occupied Rental Units by Size in Cowen
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 15 | 30 | 31 | 0 |
Occupied Rental Units by Size in Cowen
A large number of apartments in Cowen 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 Cowen
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $575 to $1,208. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $575 |
| One BR | $645 |
| Two BR | $848 |
| Three BR | $1,180 |
| Four BR | $1,208 |
2024 Fair Market Rents in Cowen, West Virginia
How many units are rented at Fair Market Rent (FMR) in Cowen?
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 | 10 | 67 percent |
| Two BR | 13 | 43 percent |
Rental Units Below FMR in Cowen, West Virginia
How many affordable rental units are in Cowen?
There are a variety of federal affordable housing programs serving households in Cowen, West Virginia including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Cowen, West Virginia
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Cowen, West Virginia
Cowen features 82 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 Cowen, West Virginia
There are 57 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cowen.
Housing Choice Vouchers in Cowen, West Virginia
On average, Section 8 Housing Choice vouchers pay Cowen landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Cowen.
The maximum amount a voucher would pay on behalf of a low-income tenant in Cowen, West Virginia for a two-bedroom apartment is between $763 and $933.
Sourced from federal housing data and AffordableHousingOnline.com research.
