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Affordable Housing In Edmeston
Otsego County, New York

1 Low Income Apartment Communities In Edmeston

West Hill Terrace

26 West St
Edmeston, New York
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Housing Authorities that serve Edmeston

Housing Authority Programs
Otsego Rural Housing Assistance Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Edmeston, New York

There are 1 low income housing apartment communities offering 20 affordable apartments for rent in Edmeston, New York.

Income Based Apartments in Edmeston, New York

Edmeston 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 Edmeston, New York

There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Edmeston.

Housing Choice Vouchers in Edmeston, New York

On average, Section 8 Housing Choice vouchers pay Edmeston landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Edmeston.

The maximum amount a voucher would pay on behalf of a low-income tenant in Edmeston, New York for a two-bedroom apartment is between $824 and $1,008.

2021 Edmeston, 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
Edmeston, New York Fair Market Rent $732 $737 $916 $1,182 $1,425
Edmeston, New York Payment Standard Range $659 to $805 $663 to $811 $824 to $1,008 $1,064 to $1,300 $1,283 to $1,568

Sourced from federal housing data and research.

Edmeston, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 20
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 21.48%
Average Renter Household Size 2.08
Average Household Size 2.66
Median Household Income $53,611 ±$6,917
Median Rent $586 ±$60
Percentage Of Renters Overburdened 37.5% ± 31.95pp
Total Population 794

Population and Household Demographics

Edmeston is a city in Otsego County, New York with a population of 794. There are 298 households in the city with an average household size of 2.66 persons. 21.48% of households in Edmeston are renters.

Income and Rent Overburden in Edmeston

The median gross income for households in Edmeston is $53,611 a year, or $4,468 a month. The median rent for the city is $586 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Edmeston, a household making less than $1,953 a month would be considered overburdened when renting an apartment at or above the median rent. 37.5% of households who rent are overburdened in Edmeston.

Area Median Income In Edmeston

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 Edmeston, the AMI is calculated from all households within Otsego County.

In Edmeston, HUD calculates the Area Median Income for a family of four as $68,100

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 Edmeston

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 Edmeston

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 Edmeston AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,350 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% AMI Income Limits
Renters earning up to 50% of the Edmeston AMI may qualify for rental assistance programs that target Very Low Income households.
$23,850 $27,250 $30,650 $34,050 $36,800 $39,500 $42,250 $44,950
80% AMI Income Limits
Renters earning up to 80% of the Edmeston AMI may qualify for rental assistance programs that target Low Income households.
$38,150 $43,600 $49,050 $54,500 $58,900 $63,250 $67,600 $71,950