What HUD offices serve Mechanicville, 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 Mechanicville.
How many renters live in Mechanicville, New York?
The City of Mechanicville has 5,177 people living in 2,604 households.
There are 3,082 renters living in 1,701 renter households in this City. Renters make up 59.53 percent of the population living in Mechanicville.
What is the rental market like in Mechanicville, New York?
There are an estimated 2,901 housing units in the Mechanicville area. Of these, 1,843 units are rental homes, making up 64 percent of the housing market. For every renter household in Mechanicville, New York, there are 1 rental units.
What is the vacancy rate for rentals in Mechanicville?
The rental vacancy rate in Mechanicville 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 Mechanicville for each bedroom size?
Occupied Rental Units by Size in Mechanicville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 48 | 632 | 654 | 326 | 41 |
Occupied Rental Units by Size in Mechanicville
A large number of apartments in Mechanicville 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 Mechanicville are overburdened by housing costs?
Among renter households in this market, 50 percent have housing cost burden. Further, 26 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 Mechanicville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,011 to $1,830. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,011 |
| One BR | $1,131 |
| Two BR | $1,374 |
| Three BR | $1,661 |
| Four BR | $1,830 |
2024 Fair Market Rents in Mechanicville, New York
How many units are rented at Fair Market Rent (FMR) in Mechanicville?
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 | 22 | 46 percent |
| One BR | 541 | 86 percent |
| Two BR | 507 | 78 percent |
Rental Units Below FMR in Mechanicville, New York
How many affordable rental units are in Mechanicville?
There are a variety of federal affordable housing programs serving households in Mechanicville, New York including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 100 |
Tracked Units by Federal Program in Mechanicville, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Mechanicville, New York
Mechanicville features 219 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 Mechanicville, New York
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mechanicville.
Housing Choice Vouchers in Mechanicville, New York
On average, Section 8 Housing Choice vouchers pay Mechanicville landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Mechanicville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Mechanicville, New York for a two-bedroom apartment is between $1,237 and $1,511.
Sourced from federal housing data and AffordableHousingOnline.com research.
