How many renters live in North Creek, New York?
The City of North Creek has 546 people living in 235 households.
There are 191 renters living in 71 renter households in this City. Renters make up 34.98 percent of the population living in North Creek.
What is the rental market like in North Creek, New York?
There are an estimated 313 housing units in the North Creek area. Of these, 71 units are rental homes, making up 23 percent of the housing market. For every renter household in North Creek, New York, there are 1 rental units.
What is the vacancy rate for rentals in North Creek?
The rental vacancy rate in North Creek 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 North Creek for each bedroom size?
Occupied Rental Units by Size in North Creek
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 25 | 3 | 40 | 3 |
Occupied Rental Units by Size in North Creek
A large number of apartments in North Creek 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 North Creek are overburdened by housing costs?
Among renter households in this market, 55 percent have housing cost burden. Further, 31 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 North Creek
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $939 to $1,710. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $939 |
| One BR | $1,025 |
| Two BR | $1,284 |
| Three BR | $1,662 |
| Four BR | $1,710 |
2024 Fair Market Rents in North Creek, New York
How many units are rented at Fair Market Rent (FMR) in North Creek?
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 |
| One BR | 25 | 100 percent |
| Two BR | 3 | 100 percent |
Rental Units Below FMR in North Creek, New York
How many affordable rental units are in North Creek?
There are a variety of federal affordable housing programs serving households in North Creek, New York including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 24 |
| USDA Section 515 Rural Rental Housing | 24 |
Tracked Units by Federal Program in North Creek, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in North Creek, New York
North Creek 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 North Creek, New York
There are 44 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in North Creek.
Housing Choice Vouchers in North Creek, New York
On average, Section 8 Housing Choice vouchers pay North Creek landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in North Creek.
The maximum amount a voucher would pay on behalf of a low-income tenant in North Creek, New York for a two-bedroom apartment is between $1,156 and $1,412.
Sourced from federal housing data and AffordableHousingOnline.com research.
