How many renters live in Reedsville, West Virginia?
The City of Reedsville has 614 people living in 265 households.
There are 207 renters living in 92 renter households in this City. Renters make up 33.71 percent of the population living in Reedsville.
What is the rental market like in Reedsville, West Virginia?
There are an estimated 274 housing units in the Reedsville area. Of these, 92 units are rental homes, making up 34 percent of the housing market. For every renter household in Reedsville, West Virginia, there are 1 rental units.
What is the vacancy rate for rentals in Reedsville?
The rental vacancy rate in Reedsville 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 Reedsville for each bedroom size?
Occupied Rental Units by Size in Reedsville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 15 | 64 | 8 | 5 |
Occupied Rental Units by Size in Reedsville
A large number of apartments in Reedsville 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 Reedsville are overburdened by housing costs?
Among renter households in this market, 14 percent have housing cost burden. Further, 10 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 Reedsville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $857 to $1,829. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $857 |
| One BR | $862 |
| Two BR | $1,078 |
| Three BR | $1,346 |
| Four BR | $1,829 |
2024 Fair Market Rents in Reedsville, West Virginia
How many units are rented at Fair Market Rent (FMR) in Reedsville?
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 | 15 | 100 percent |
| Two BR | 26 | 41 percent |
Rental Units Below FMR in Reedsville, West Virginia
How many affordable rental units are in Reedsville?
Income Based Apartments in Reedsville, West Virginia
Reedsville 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 Reedsville, West Virginia
There are 100 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Reedsville.
Housing Choice Vouchers in Reedsville, West Virginia
On average, Section 8 Housing Choice vouchers pay Reedsville landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Reedsville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Reedsville, West Virginia for a two-bedroom apartment is between $970 and $1,186.
Sourced from federal housing data and AffordableHousingOnline.com research.