How many renters live in Connecticut?
The State of Connecticut has 864,751 people living in 336,400 households.
There are 284,111 renters living in 127,423 renter households in this State. Renters make up 32.85 percent of the population living in Connecticut.
What is the rental market like in Connecticut?
There are an estimated 368,720 housing units in the Connecticut area. Of these, 136,136 units are rental homes, making up 37 percent of the housing market. For every renter household in Connecticut, there are 1 rental units.
What is the vacancy rate for rentals in Connecticut?
The rental vacancy rate in Connecticut is 5 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 Connecticut for each bedroom size?
Occupied Rental Units by Size in Connecticut
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 7,807 | 38,540 | 51,630 | 23,169 | 4,894 |
Occupied Rental Units by Size in Connecticut
A large number of apartments in Connecticut 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 Connecticut are overburdened by housing costs?
Among renter households in this market, 48 percent have housing cost burden. Further, 25 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 many units are rented at Fair Market Rent (FMR) in Connecticut?
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 | 0 | 100 percent |
| One BR | 0 | 100 percent |
| Two BR | 0 | 100 percent |
Rental Units Below FMR in Connecticut
How many affordable rental units are in Connecticut?
There are a variety of federal affordable housing programs serving households in Connecticut including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 4,882 |
| USDA Section 515 Rural Rental Housing | 138 |
Tracked Units by Federal Program in Connecticut
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Connecticut
Connecticut features 45,723 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 Connecticut
There are 16,193 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Connecticut.
Housing Choice Vouchers in Connecticut
On average, Section 8 Housing Choice vouchers pay Connecticut landlords $1,600 per month towards rent. The average voucher holder contributes $400 towards rent in Connecticut.
The maximum amount a voucher would pay on behalf of a low-income tenant in Connecticut for a two-bedroom apartment is between $0 and $0.
Sourced from federal housing data and AffordableHousingOnline.com research.
