How many renters live in Old Forge, New York?
The City of Old Forge has people living in households.
There are renters living in renter households in this City. Renters make up 15.18 percent of the population living in Old Forge.
What is the rental market like in Old Forge, New York?
There are an estimated housing units in the Old Forge area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Old Forge, New York, there are 1.47 rental units.
What is the vacancy rate for rentals in Old Forge?
The rental vacancy rate in Old Forge is 32 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 Old Forge for each bedroom size?
Occupied Rental Units by Size in Old Forge
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 60 | 0 | 0 | 0 |
Occupied Rental Units by Size in Old Forge
A large number of apartments in Old Forge 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 Old Forge
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $785 to $1,410. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $785 |
| One BR | $790 |
| Two BR | $992 |
| Three BR | $1,199 |
| Four BR | $1,410 |
2024 Fair Market Rents in Old Forge, New York
How many units are rented at Fair Market Rent (FMR) in Old Forge?
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 | 35 | 58 percent |
Rental Units Below FMR in Old Forge, New York
How many affordable rental units are in Old Forge?
There are a variety of federal affordable housing programs serving households in Old Forge, New York including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Old Forge, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Old Forge, New York
Old Forge 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 Old Forge, New York
There are 25 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Old Forge.
Housing Choice Vouchers in Old Forge, New York
On average, Section 8 Housing Choice vouchers pay Old Forge landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Old Forge.
The maximum amount a voucher would pay on behalf of a low-income tenant in Old Forge, New York for a two-bedroom apartment is between $893 and $1,091.
Sourced from federal housing data and AffordableHousingOnline.com research.