What HUD offices serve Point Pleasant, West Virginia?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the West Virginia Public Housing and Low-Income Apartments Waiting Lists page for openings near Point Pleasant.
How many renters live in Point Pleasant, West Virginia?
The City of Point Pleasant has 4,067 people living in 1,885 households.
There are 1,490 renters living in 610 renter households in this City. Renters make up 36.64 percent of the population living in Point Pleasant.
What is the rental market like in Point Pleasant, West Virginia?
There are an estimated 2,204 housing units in the Point Pleasant area. Of these, 610 units are rental homes, making up 28 percent of the housing market. For every renter household in Point Pleasant, West Virginia, there are 1 rental units.
What is the vacancy rate for rentals in Point Pleasant?
The rental vacancy rate in Point Pleasant 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 Point Pleasant for each bedroom size?
Occupied Rental Units by Size in Point Pleasant
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 17 | 297 | 192 | 83 | 0 |
Occupied Rental Units by Size in Point Pleasant
A large number of apartments in Point Pleasant 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 Point Pleasant are overburdened by housing costs?
Among renter households in this market, 26 percent have housing cost burden. Further, 4 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 Point Pleasant
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 Point Pleasant, West Virginia
How many units are rented at Fair Market Rent (FMR) in Point Pleasant?
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 | 17 | 100 percent |
| One BR | 290 | 98 percent |
| Two BR | 130 | 68 percent |
Rental Units Below FMR in Point Pleasant, West Virginia
How many affordable rental units are in Point Pleasant?
There are a variety of federal affordable housing programs serving households in Point Pleasant, West Virginia including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 32 |
| Public Housing | 139 |
| Section 8 Project-Based Rental Assistance | 189 |
| Section 811 Supportive Housing for Persons with Disabilities | 10 |
Tracked Units by Federal Program in Point Pleasant, West Virginia
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Point Pleasant, West Virginia
Point Pleasant features 341 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 Point Pleasant, West Virginia
There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Point Pleasant.
Housing Choice Vouchers in Point Pleasant, West Virginia
On average, Section 8 Housing Choice vouchers pay Point Pleasant landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Point Pleasant.
The maximum amount a voucher would pay on behalf of a low-income tenant in Point Pleasant, West Virginia for a two-bedroom apartment is between $797 and $975.
Sourced from federal housing data and AffordableHousingOnline.com research.
