How many renters live in Mason, West Virginia?
The City of Mason has 818 people living in 388 households.
There are 209 renters living in 91 renter households in this City. Renters make up 25.55 percent of the population living in Mason.
What is the rental market like in Mason, West Virginia?
There are an estimated 457 housing units in the Mason area. Of these, 99 units are rental homes, making up 22 percent of the housing market. For every renter household in Mason, West Virginia, there are 1 rental units.
What is the vacancy rate for rentals in Mason?
The rental vacancy rate in Mason is 8 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 Mason for each bedroom size?
Occupied Rental Units by Size in Mason
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 51 | 25 | 15 |
Occupied Rental Units by Size in Mason
A large number of apartments in Mason 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 Mason are overburdened by housing costs?
Among renter households in this market, 34 percent have housing cost burden. Further, 7 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 Mason
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $710 to $1,180. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $710 |
| One BR | $733 |
| Two BR | $886 |
| Three BR | $1,071 |
| Four BR | $1,180 |
2024 Fair Market Rents in Mason, West Virginia
How many units are rented at Fair Market Rent (FMR) in Mason?
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 |
| Two BR | 37 | 73 percent |
Rental Units Below FMR in Mason, West Virginia
How many affordable rental units are in Mason?
There are a variety of federal affordable housing programs serving households in Mason, West Virginia including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 8 |
| USDA Section 515 Rural Rental Housing | 8 |
Tracked Units by Federal Program in Mason, West Virginia
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Mason, West Virginia
Mason features 16 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 Mason, West Virginia
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mason.
Housing Choice Vouchers in Mason, West Virginia
On average, Section 8 Housing Choice vouchers pay Mason landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Mason.
The maximum amount a voucher would pay on behalf of a low-income tenant in Mason, West Virginia for a two-bedroom apartment is between $797 and $975.
Sourced from federal housing data and AffordableHousingOnline.com research.
