What HUD offices serve Ballston Spa, New York?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the New York Public Housing and Low-Income Apartments Waiting Lists page for openings near Ballston Spa.
How many renters live in Ballston Spa, New York?
The City of Ballston Spa has 5,288 people living in 2,184 households.
There are 1,504 renters living in 753 renter households in this City. Renters make up 28.44 percent of the population living in Ballston Spa.
What is the rental market like in Ballston Spa, New York?
There are an estimated 2,477 housing units in the Ballston Spa area. Of these, 822 units are rental homes, making up 33 percent of the housing market. For every renter household in Ballston Spa, New York, there are 1 rental units.
What is the vacancy rate for rentals in Ballston Spa?
The rental vacancy rate in Ballston Spa is 8 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 Ballston Spa for each bedroom size?
Occupied Rental Units by Size in Ballston Spa
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 377 | 134 | 187 | 38 |
Occupied Rental Units by Size in Ballston Spa
A large number of apartments in Ballston Spa have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Ballston Spa are overburdened by housing costs?
Among renter households in this market, 35 percent have housing cost burden. Further, 14 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Ballston Spa
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,011 to $1,830. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,011 |
| One BR | $1,131 |
| Two BR | $1,374 |
| Three BR | $1,661 |
| Four BR | $1,830 |
2024 Fair Market Rents in Ballston Spa, New York
How many units are rented at Fair Market Rent (FMR) in Ballston Spa?
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 |
| One BR | 314 | 83 percent |
| Two BR | 96 | 72 percent |
Rental Units Below FMR in Ballston Spa, New York
How many affordable rental units are in Ballston Spa?
There are a variety of federal affordable housing programs serving households in Ballston Spa, New York including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 95 |
Tracked Units by Federal Program in Ballston Spa, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Ballston Spa, New York
Ballston Spa features 128 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 Ballston Spa, New York
There are 268 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ballston Spa.
Housing Choice Vouchers in Ballston Spa, New York
On average, Section 8 Housing Choice vouchers pay Ballston Spa landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Ballston Spa.
The maximum amount a voucher would pay on behalf of a low-income tenant in Ballston Spa, New York for a two-bedroom apartment is between $1,237 and $1,511.
Sourced from federal housing data and AffordableHousingOnline.com research.
