How many renters live in Chaumont, New York?
The City of Chaumont has 686 people living in 226 households.
There are 120 renters living in 45 renter households in this City. Renters make up 17.49 percent of the population living in Chaumont.
What is the rental market like in Chaumont, New York?
There are an estimated 273 housing units in the Chaumont area. Of these, 47 units are rental homes, making up 17 percent of the housing market. For every renter household in Chaumont, New York, there are 1 rental units.
What is the vacancy rate for rentals in Chaumont?
The rental vacancy rate in Chaumont is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Chaumont for each bedroom size?
Occupied Rental Units by Size in Chaumont
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 31 | 12 | 2 | 0 |
Occupied Rental Units by Size in Chaumont
A large number of apartments in Chaumont 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 Chaumont are overburdened by housing costs?
Among renter households in this market, 49 percent have housing cost burden. Further, 24 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 Chaumont
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $922 to $2,231. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $922 |
| One BR | $1,035 |
| Two BR | $1,360 |
| Three BR | $1,843 |
| Four BR | $2,231 |
2024 Fair Market Rents in Chaumont, New York
How many units are rented at Fair Market Rent (FMR) in Chaumont?
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 | 28 | 90 percent |
| Two BR | 8 | 67 percent |
Rental Units Below FMR in Chaumont, New York
How many affordable rental units are in Chaumont?
There are a variety of federal affordable housing programs serving households in Chaumont, New York including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing | 22 |
Tracked Units by Federal Program in Chaumont, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Chaumont, New York
Chaumont features 0 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 Chaumont, New York
There are 22 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Chaumont.
Housing Choice Vouchers in Chaumont, New York
On average, Section 8 Housing Choice vouchers pay Chaumont landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Chaumont.
The maximum amount a voucher would pay on behalf of a low-income tenant in Chaumont, New York for a two-bedroom apartment is between $1,224 and $1,496.
Sourced from federal housing data and AffordableHousingOnline.com research.
