How many renters live in Stafford Springs, Connecticut?
The City of Stafford Springs has people living in households.
There are renters living in renter households in this City. Renters make up 28.12 percent of the population living in Stafford Springs.
What is the rental market like in Stafford Springs, Connecticut?
There are an estimated housing units in the Stafford Springs area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Stafford Springs, Connecticut, there are 1.13 rental units.
What is the vacancy rate for rentals in Stafford Springs?
The rental vacancy rate in Stafford Springs 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 Stafford Springs for each bedroom size?
Occupied Rental Units by Size in Stafford Springs
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 7 | 270 | 316 | 117 | 0 |
Occupied Rental Units by Size in Stafford Springs
A large number of apartments in Stafford Springs 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 Stafford Springs
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,121 to $2,425. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,121 |
| One BR | $1,319 |
| Two BR | $1,654 |
| Three BR | $2,000 |
| Four BR | $2,425 |
2024 Fair Market Rents in Stafford Springs, Connecticut
How many units are rented at Fair Market Rent (FMR) in Stafford Springs?
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 | 249 | 92 percent |
| Two BR | 282 | 89 percent |
Rental Units Below FMR in Stafford Springs, Connecticut
How many affordable rental units are in Stafford Springs?
There are a variety of federal affordable housing programs serving households in Stafford Springs, 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 Stafford Springs, Connecticut
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Stafford Springs, Connecticut
Stafford Springs features 148 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 Stafford Springs, Connecticut
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stafford Springs.
Housing Choice Vouchers in Stafford Springs, Connecticut
On average, Section 8 Housing Choice vouchers pay Stafford Springs landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Stafford Springs.
The maximum amount a voucher would pay on behalf of a low-income tenant in Stafford Springs, Connecticut for a two-bedroom apartment is between $1,489 and $1,819.
Sourced from federal housing data and AffordableHousingOnline.com research.