What HUD offices serve Inwood, 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 Inwood.
How many renters live in Inwood, New York?
The City of Inwood has 11,156 people living in 2,987 households.
There are 5,900 renters living in 1,617 renter households in this City. Renters make up 52.89 percent of the population living in Inwood.
What is the rental market like in Inwood, New York?
There are an estimated 3,192 housing units in the Inwood area. Of these, 1,702 units are rental homes, making up 53 percent of the housing market. For every renter household in Inwood, New York, there are 1 rental units.
What is the vacancy rate for rentals in Inwood?
The rental vacancy rate in Inwood is 5 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 Inwood for each bedroom size?
Occupied Rental Units by Size in Inwood
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 95 | 416 | 592 | 303 | 176 |
Occupied Rental Units by Size in Inwood
A large number of apartments in Inwood 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 Inwood are overburdened by housing costs?
Among renter households in this market, 62 percent have housing cost burden. Further, 37 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 Inwood
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 Inwood, New York
How many units are rented at Fair Market Rent (FMR) in Inwood?
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 | 24 | 25 percent |
| One BR | 263 | 63 percent |
| Two BR | 174 | 29 percent |
Rental Units Below FMR in Inwood, New York
How many affordable rental units are in Inwood?
There are a variety of federal affordable housing programs serving households in Inwood, New York including the following:
| Federal Program | Unit Count |
| Public Housing | 96 |
| Section 8 Project-Based Rental Assistance | 145 |
Tracked Units by Federal Program in Inwood, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Inwood, New York
Inwood features 463 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 Inwood, New York
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Inwood.
Housing Choice Vouchers in Inwood, New York
On average, Section 8 Housing Choice vouchers pay Inwood landlords $900 per month towards rent. The average voucher holder contributes $600 towards rent in Inwood.
The maximum amount a voucher would pay on behalf of a low-income tenant in Inwood, New York for a two-bedroom apartment is between $2,257 and $2,759.
Sourced from federal housing data and AffordableHousingOnline.com research.
