Affordable Housing In Amagansett
Suffolk County, New York

1 Low Income Apartment Communities In Amagansett

St Michaels Housing

486 Montauk Highway
Amagansett, NY
Elderly Supportive Housing
  • «
  • 1
  • »

Housing Authorities that serve Amagansett

Housing Authority Programs
Community Development Corporation of Long Island Inc Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in Amagansett

Housing Authority Programs
Town of East Hampton Department of Housing and Community Development Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Amagansett, New York

There are 1 low income housing apartment communities offering 40 affordable apartments for rent in Amagansett, New York. Amagansett features 40 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Amagansett.

Sourced from federal housing data and research.

Amagansett, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 40
Total Housing Units with Rental Assistance 40
Percentage of Housing Units Occupied By Renters 17.71%
Average Renter Household Size 2.43
Average Household Size 2.72
Median Household Income $93,750 ±$42,278
Median Rent $2,545 ±$640
Percentage Of Renters Overburdened 32.91% ± 16.79pp
Total Population 1,211

Population and Household Demographics

Amagansett is a City in Suffolk County, New York with a population of 1,211. There are 446 households in the city with an average household size of 2.72 persons. 17.71% of households in Amagansett are renters.

Income and Rent Overburden in Amagansett

The median gross income for households in Amagansett is $93,750 a year, or $7,813 a month. The median rent for the city is $2,545 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Amagansett, a household making less than $8,483 a month would be considered overburdened when renting an apartment at or above the median rent. 32.91% of households who rent are overburdened in Amagansett.1

Area Median Income In Amagansett

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Amagansett, the AMI is calculated from all households within Suffolk County.

In Amagansett, HUD calculates the Area Median Income for a family of four as $124,000

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Amagansett

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Amagansett HUD Rental Assistance in Amagansett

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $26,050 $29,800 $33,500 $37,200 $40,200 $43,200 $46,150 $49,150
50% of Median $43,400 $49,600 $55,800 $62,000 $67,000 $71,950 $76,900 $81,850
80% of Median $62,300 $71,200 $80,100 $88,950 $96,100 $103,200 $110,300 $117,450
Fair Market Rents in Amagansett

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$1,298 $1,624 $1,992 $2,563 $2,858