How many renters live in Newtown, Connecticut?
The City of Newtown has people living in households.
There are renters living in renter households in this City. Renters make up 7.91 percent of the population living in Newtown.
What is the rental market like in Newtown, Connecticut?
There are an estimated housing units in the Newtown area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Newtown, Connecticut, there are 1.35 rental units.
What is the vacancy rate for rentals in Newtown?
The rental vacancy rate in Newtown is 22 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 Newtown for each bedroom size?
Occupied Rental Units by Size in Newtown
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 7 | 6 | 0 | 50 | 9 |
Occupied Rental Units by Size in Newtown
A large number of apartments in Newtown have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Newtown
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,505 to $2,997. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,505 |
| One BR | $1,825 |
| Two BR | $2,221 |
| Three BR | $2,838 |
| Four BR | $2,997 |
2024 Fair Market Rents in Newtown, Connecticut
How many units are rented at Fair Market Rent (FMR) in Newtown?
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 | 7 | 100 percent |
| One BR | 0 | 100 percent |
Rental Units Below FMR in Newtown, Connecticut
How many affordable rental units are in Newtown?
Income Based Apartments in Newtown, Connecticut
Newtown features 134 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 Newtown, Connecticut
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Newtown.
Housing Choice Vouchers in Newtown, Connecticut
On average, Section 8 Housing Choice vouchers pay Newtown landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Newtown.
The maximum amount a voucher would pay on behalf of a low-income tenant in Newtown, Connecticut for a two-bedroom apartment is between $1,999 and $2,443.
Sourced from federal housing data and AffordableHousingOnline.com research.