How many renters live in North Tonawanda, New York?
The City of North Tonawanda has 30,479 people living in 13,643 households.
There are 7,353 renters living in 4,076 renter households in this City. Renters make up 24.12 percent of the population living in North Tonawanda.
What is the rental market like in North Tonawanda, New York?
There are an estimated 14,579 housing units in the North Tonawanda area. Of these, 4,480 units are rental homes, making up 31 percent of the housing market. For every renter household in North Tonawanda, New York, there are 1 rental units.
What is the vacancy rate for rentals in North Tonawanda?
The rental vacancy rate in North Tonawanda is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in North Tonawanda for each bedroom size?
Occupied Rental Units by Size in North Tonawanda
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 238 | 1,006 | 2,084 | 548 | 186 |
Occupied Rental Units by Size in North Tonawanda
A large number of apartments in North Tonawanda 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 Tonawanda are overburdened by housing costs?
Among renter households in this market, 42 percent have housing cost burden. Further, 20 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 Tonawanda
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $951 to $1,604. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $951 |
| One BR | $992 |
| Two BR | $1,163 |
| Three BR | $1,424 |
| Four BR | $1,604 |
2024 Fair Market Rents in North Tonawanda, New York
How many units are rented at Fair Market Rent (FMR) in North Tonawanda?
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 | 217 | 91 percent |
| One BR | 864 | 86 percent |
| Two BR | 1,604 | 77 percent |
Rental Units Below FMR in North Tonawanda, New York
How many affordable rental units are in North Tonawanda?
There are a variety of federal affordable housing programs serving households in North Tonawanda, New York including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 243 |
| Section 8 Project-Based Rental Assistance | 121 |
| Mod Rehab Project-Based Rental Assistance | 17 |
Tracked Units by Federal Program in North Tonawanda, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in North Tonawanda, New York
North Tonawanda features 357 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 Tonawanda, New York
There are 198 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in North Tonawanda.
Housing Choice Vouchers in North Tonawanda, New York
On average, Section 8 Housing Choice vouchers pay North Tonawanda landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in North Tonawanda.
The maximum amount a voucher would pay on behalf of a low-income tenant in North Tonawanda, New York for a two-bedroom apartment is between $1,047 and $1,279.
Sourced from federal housing data and AffordableHousingOnline.com research.
