What HUD offices serve Franklin Square, New York?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the New York Public Housing and Low-Income Apartments Waiting Lists page for openings near Franklin Square.
How many renters live in Franklin Square, New York?
The City of Franklin Square has people living in households.
There are renters living in renter households in this City. Renters make up 14.87 percent of the population living in Franklin Square.
What is the rental market like in Franklin Square, New York?
There are an estimated housing units in the Franklin Square area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Franklin Square, New York, there are 1.02 rental units.
What is the vacancy rate for rentals in Franklin Square?
The rental vacancy rate in Franklin Square is 2 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 Franklin Square for each bedroom size?
Occupied Rental Units by Size in Franklin Square
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 51 | 165 | 745 | 495 | 133 |
Occupied Rental Units by Size in Franklin Square
A large number of apartments in Franklin Square 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 Franklin Square
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,708 to $3,521. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,708 |
| One BR | $2,144 |
| Two BR | $2,508 |
| Three BR | $3,246 |
| Four BR | $3,521 |
2024 Fair Market Rents in Franklin Square, New York
How many units are rented at Fair Market Rent (FMR) in Franklin Square?
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 | 51 | 100 percent |
| One BR | 107 | 65 percent |
| Two BR | 62 | 8 percent |
Rental Units Below FMR in Franklin Square, New York
How many affordable rental units are in Franklin Square?
There are a variety of federal affordable housing programs serving households in Franklin Square, New York including the following:
| Federal Program | Unit Count |
| Public Housing | |
| Section 8 Project-Based Rental Assistance |
Tracked Units by Federal Program in Franklin Square, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Franklin Square, New York
Franklin Square features 104 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 Franklin Square, New York
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Franklin Square.
Housing Choice Vouchers in Franklin Square, New York
On average, Section 8 Housing Choice vouchers pay Franklin Square landlords $900 per month towards rent. The average voucher holder contributes $600 towards rent in Franklin Square.
The maximum amount a voucher would pay on behalf of a low-income tenant in Franklin Square, New York for a two-bedroom apartment is between $2,257 and $2,759.
Sourced from federal housing data and AffordableHousingOnline.com research.