How many renters live in Pawcatuck, Connecticut?
The City of Pawcatuck has people living in households.
There are renters living in renter households in this City. Renters make up 40.38 percent of the population living in Pawcatuck.
What is the rental market like in Pawcatuck, Connecticut?
There are an estimated housing units in the Pawcatuck area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Pawcatuck, Connecticut, there are 1.14 rental units.
What is the vacancy rate for rentals in Pawcatuck?
The rental vacancy rate in Pawcatuck is 9 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 Pawcatuck for each bedroom size?
Occupied Rental Units by Size in Pawcatuck
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 28 | 294 | 478 | 279 | 72 |
Occupied Rental Units by Size in Pawcatuck
A large number of apartments in Pawcatuck 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 Pawcatuck
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,055 to $2,625. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,055 |
| One BR | $1,263 |
| Two BR | $1,556 |
| Three BR | $2,030 |
| Four BR | $2,625 |
2024 Fair Market Rents in Pawcatuck, Connecticut
How many units are rented at Fair Market Rent (FMR) in Pawcatuck?
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 | 28 | 100 percent |
| One BR | 258 | 88 percent |
| Two BR | 427 | 89 percent |
Rental Units Below FMR in Pawcatuck, Connecticut
How many affordable rental units are in Pawcatuck?
There are a variety of federal affordable housing programs serving households in Pawcatuck, Connecticut including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | |
| Section 202 Supportive Housing for the Elderly |
Tracked Units by Federal Program in Pawcatuck, Connecticut
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Pawcatuck, Connecticut
Pawcatuck features 236 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 Pawcatuck, Connecticut
There are 67 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pawcatuck.
Housing Choice Vouchers in Pawcatuck, Connecticut
On average, Section 8 Housing Choice vouchers pay Pawcatuck landlords $1,100 per month towards rent. The average voucher holder contributes $500 towards rent in Pawcatuck.
The maximum amount a voucher would pay on behalf of a low-income tenant in Pawcatuck, Connecticut for a two-bedroom apartment is between $1,400 and $1,712.
Sourced from federal housing data and AffordableHousingOnline.com research.