What HUD offices serve Mount Vernon, 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 Mount Vernon.
How many renters live in Mount Vernon, New York?
The City of Mount Vernon has people living in households.
There are renters living in renter households in this City. Renters make up 52.31 percent of the population living in Mount Vernon.
What is the rental market like in Mount Vernon, New York?
There are an estimated housing units in the Mount Vernon area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Mount Vernon, New York, there are 1.01 rental units.
What is the vacancy rate for rentals in Mount Vernon?
The rental vacancy rate in Mount Vernon 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 Mount Vernon for each bedroom size?
Occupied Rental Units by Size in Mount Vernon
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 2,903 5,908 5,456 2,451 473 Occupied Rental Units by Size in Mount Vernon
A large number of apartments in Mount Vernon 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 Mount Vernon
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,648 to $3,132. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $1,648 One BR $1,934 Two BR $2,352 Three BR $2,885 Four BR $3,132 2024 Fair Market Rents in Mount Vernon, New York
How many units are rented at Fair Market Rent (FMR) in Mount Vernon?
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 2,307 79 percent One BR 3,906 66 percent Two BR 1,965 36 percent Rental Units Below FMR in Mount Vernon, New York
How many affordable rental units are in Mount Vernon?
There are a variety of federal affordable housing programs serving households in
Mount Vernon, New York including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Section 8 Project-Based Rental Assistance Section 202 Supportive Housing for the Elderly Section 811 Supportive Housing for Persons with Disabilities Tracked Units by Federal Program in Mount Vernon, New York
Income Based Apartments in Mount Vernon, New York
Mount Vernon features 1,148 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 Mount Vernon, New York
There are 1,535 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mount Vernon.
Housing Choice Vouchers in Mount Vernon, New York
On average, Section 8 Housing Choice vouchers pay Mount Vernon landlords $1,000 per month towards rent. The average voucher holder contributes $500 towards rent in Mount Vernon.
The maximum amount a voucher would pay on behalf of a low-income tenant in Mount Vernon, New York for a two-bedroom apartment is between $2,117 and $2,587.
Sourced from federal housing data and AffordableHousingOnline.com research.