How many renters live in Menands, New York?
The City of Menands has people living in households.
There are renters living in renter households in this City. Renters make up 64.16 percent of the population living in Menands.
What is the rental market like in Menands, New York?
There are an estimated housing units in the Menands area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Menands, New York, there are 1.02 rental units.
What is the vacancy rate for rentals in Menands?
The rental vacancy rate in Menands is 0 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 Menands for each bedroom size?
Occupied Rental Units by Size in Menands
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 161 | 599 | 603 | 170 | 0 |
Occupied Rental Units by Size in Menands
A large number of apartments in Menands 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 Menands
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 Menands, New York
How many units are rented at Fair Market Rent (FMR) in Menands?
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 | 21 | 13 percent |
| One BR | 167 | 28 percent |
| Two BR | 207 | 34 percent |
Rental Units Below FMR in Menands, New York
How many affordable rental units are in Menands?
Income Based Apartments in Menands, New York
Menands 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 Menands, New York
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Menands.
Housing Choice Vouchers in Menands, New York
On average, Section 8 Housing Choice vouchers pay Menands landlords $600 per month towards rent. The average voucher holder contributes $600 towards rent in Menands.
The maximum amount a voucher would pay on behalf of a low-income tenant in Menands, New York for a two-bedroom apartment is between $1,237 and $1,511.
Sourced from federal housing data and AffordableHousingOnline.com research.