How many renters live in Broome County, New York?
The County of Broome County has people living in households.
There are renters living in renter households in this County. Renters make up 34.09 percent of the population living in Broome County.
What is the rental market like in Broome County, New York?
There are an estimated housing units in the Broome County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Broome County, New York, there are 1.08 rental units.
What is the vacancy rate for rentals in Broome County?
The rental vacancy rate in Broome County is 6 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 Broome County for each bedroom size?
Occupied Rental Units by Size in Broome County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 956 | 7,734 | 11,939 | 6,205 | 2,634 |
Occupied Rental Units by Size in Broome County
A large number of apartments in Broome County 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 Broome County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $855 to $1,644. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $855 |
| One BR | $904 |
| Two BR | $1,141 |
| Three BR | $1,494 |
| Four BR | $1,644 |
2024 Fair Market Rents in Broome County, New York
How many units are rented at Fair Market Rent (FMR) in Broome County?
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 | 566 | 59 percent |
| One BR | 5,304 | 69 percent |
| Two BR | 8,503 | 71 percent |
Rental Units Below FMR in Broome County, New York
How many affordable rental units are in Broome County?
There are a variety of federal affordable housing programs serving households in Broome County, New York including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| Section 811 Supportive Housing for Persons with Disabilities | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Broome County, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Broome County, New York
Broome County features 1,398 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 797 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 $1,027 and $1,255.
Sourced from federal housing data and AffordableHousingOnline.com research.