How many renters live in Elizabethtown, New York?
The City of Elizabethtown has 553 people living in 255 households.
There are 107 renters living in 84 renter households in this City. Renters make up 19.35 percent of the population living in Elizabethtown.
What is the rental market like in Elizabethtown, New York?
There are an estimated 322 housing units in the Elizabethtown area. Of these, 94 units are rental homes, making up 29 percent of the housing market. For every renter household in Elizabethtown, New York, there are 1 rental units.
What is the vacancy rate for rentals in Elizabethtown?
The rental vacancy rate in Elizabethtown is 11 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 Elizabethtown for each bedroom size?
Occupied Rental Units by Size in Elizabethtown
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 41 | 43 | 0 | 0 |
Occupied Rental Units by Size in Elizabethtown
A large number of apartments in Elizabethtown 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 Elizabethtown are overburdened by housing costs?
Among renter households in this market, 49 percent have housing cost burden. Further, 29 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 Elizabethtown
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $824 to $1,446. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $824 |
| One BR | $828 |
| Two BR | $971 |
| Three BR | $1,309 |
| Four BR | $1,446 |
2024 Fair Market Rents in Elizabethtown, New York
How many units are rented at Fair Market Rent (FMR) in Elizabethtown?
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 | 32 | 78 percent |
| Two BR | 41 | 95 percent |
Rental Units Below FMR in Elizabethtown, New York
How many affordable rental units are in Elizabethtown?
There are a variety of federal affordable housing programs serving households in Elizabethtown, New York including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 12 |
Tracked Units by Federal Program in Elizabethtown, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Elizabethtown, New York
Elizabethtown 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 Elizabethtown, New York
There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Elizabethtown.
Housing Choice Vouchers in Elizabethtown, New York
On average, Section 8 Housing Choice vouchers pay Elizabethtown landlords $900 per month towards rent. The average voucher holder contributes $300 towards rent in Elizabethtown.
The maximum amount a voucher would pay on behalf of a low-income tenant in Elizabethtown, New York for a two-bedroom apartment is between $874 and $1,068.
Sourced from federal housing data and AffordableHousingOnline.com research.
