Affordable Housing In Broome County
34 Low Income Apartment Communities In Broome County
Guide To Affordable Housing in Broome County, New York
There are 34 low income housing apartment communities offering 1,860 affordable apartments for rent in Broome County, New York.
Income Based Apartments in Broome County, New York
Broome County features 1,367 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 Broome County, New York
There are 493 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Broome County.
Housing Choice Vouchers in Broome County, New York
On average, Section 8 Housing Choice vouchers pay Broome County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Broome County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Broome County, New York for a two-bedroom apartment is between $770 and $941.
2022 Broome County, New York Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
|Studio||One BR||Two BR||Three BR||Four BR|
|Broome County, New York Fair Market Rent||$634||$668||$855||$1,136||$1,255|
|Broome County, New York Payment Standard Range||$571 to $697||$601 to $735||$770 to $941||$1,022 to $1,250||$1,130 to $1,381|
Sourced from federal housing data and AffordableHousingOnline.com research.
Broome County, NY Affordable Housing Snapshot
|Total Affordable Apartment Properties||34|
|Total Low Income Apartments||1,860|
|Total Housing Units with Rental Assistance||1,367|
|Percentage of Housing Units Occupied By Renters||34.3%|
|Average Renter Household Size||2.15|
|Average Household Size||2.37|
|Median Household Income||$46,261 ±$1,079|
|Median Rent||$703 ±$11|
|Percentage Of Renters Overburdened||50.49% ± 2.04pp|
Population and Household Demographics
Broome County is a county in New York with a population of 198,093. There are 79,132 households in the county with an average household size of 2.37 persons. 34.3% of households in Broome County are renters.
Income and Rent Overburden in Broome County
The median gross income for households in Broome County is $46,261 a year, or $3,855 a month. The median rent for the county is $703 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Broome County, a household making less than $2,343 a month would be considered overburdened when renting an apartment at or above the median rent. 50.49% of households who rent are overburdened in Broome County.
Area Median Income In Broome County
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.
In Broome County, HUD calculates the Area Median Income for a family of four as $70,800
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 Broome County
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 HUD Rental Assistance in Broome County
|1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% AMI Income Limits
Renters earning up to 30% of the Broome County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Broome County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Broome County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Broome County
Select A City to View its Apartment Communities and Waiting Lists.
|Binghamton||The HUD funded Public Housing Agency that serves Binghamton is the Binghamton Housing Authority.|
|Endwell||The HUD funded Public Housing Agency that serves Endwell is the Town of Union Department of Planning.|
|Johnson City||The HUD funded Public Housing Agency that serves Johnson City is the Town of Union Department of Planning.|
|Union||The HUD funded Public Housing Agency that serves Union is the Town of Union Department of Planning.|
|Vestal||The HUD funded Public Housing Agency that serves Vestal is the Town of Union Department of Planning.|