How many renters live in New London County, Connecticut?
The County of New London County has people living in households.
There are renters living in renter households in this County. Renters make up 28.14 percent of the population living in New London County.
What is the rental market like in New London County, Connecticut?
There are an estimated housing units in the New London County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in New London County, Connecticut, there are 1.07 rental units.
What is the vacancy rate for rentals in New London County?
The rental vacancy rate in New London County is 4 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 New London County for each bedroom size?
Occupied Rental Units by Size in New London County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 1,408 | 10,299 | 14,246 | 7,793 | 1,563 |
Occupied Rental Units by Size in New London County
A large number of apartments in New London County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many units are rented at Fair Market Rent (FMR) in New London County?
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 New London County, Connecticut
How many affordable rental units are in New London County?
There are a variety of federal affordable housing programs serving households in New London County, Connecticut including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in New London County, Connecticut
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in New London County, Connecticut
New London County features 2,648 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 New London County, Connecticut
There are 1,444 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New London County.
Housing Choice Vouchers in New London County, Connecticut
On average, Section 8 Housing Choice vouchers pay New London County landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in New London County.
The maximum amount a voucher would pay on behalf of a low-income tenant in New London County, Connecticut for a two-bedroom apartment is between $0 and $0.
Sourced from federal housing data and AffordableHousingOnline.com research.
