How many renters live in Corning, New York?
The City of Corning has people living in households.
There are renters living in renter households in this City. Renters make up 39.84 percent of the population living in Corning.
What is the rental market like in Corning, New York?
There are an estimated housing units in the Corning area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Corning, New York, there are 1.04 rental units.
What is the vacancy rate for rentals in Corning?
The rental vacancy rate in Corning 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 Corning for each bedroom size?
Occupied Rental Units by Size in Corning
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 109 | 903 | 923 | 545 | 51 |
Occupied Rental Units by Size in Corning
A large number of apartments in Corning 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 Corning
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $743 to $1,497. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $743 |
| One BR | $759 |
| Two BR | $905 |
| Three BR | $1,167 |
| Four BR | $1,497 |
2024 Fair Market Rents in Corning, New York
How many units are rented at Fair Market Rent (FMR) in Corning?
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 | 109 | 100 percent |
| One BR | 395 | 44 percent |
| Two BR | 273 | 30 percent |
Rental Units Below FMR in Corning, New York
How many affordable rental units are in Corning?
There are a variety of federal affordable housing programs serving households in Corning, New York including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Corning, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Corning, New York
Corning features 420 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 Corning, New York
There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Corning.
Housing Choice Vouchers in Corning, New York
On average, Section 8 Housing Choice vouchers pay Corning landlords $900 per month towards rent. The average voucher holder contributes $300 towards rent in Corning.
The maximum amount a voucher would pay on behalf of a low-income tenant in Corning, New York for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.