How many renters live in Onondaga County, New York?
The County of Onondaga County has people living in households.
There are renters living in renter households in this County. Renters make up 27.8 percent of the population living in Onondaga County.
What is the rental market like in Onondaga County, New York?
There are an estimated housing units in the Onondaga County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Onondaga County, New York, there are 1.03 rental units.
What is the vacancy rate for rentals in Onondaga County?
The rental vacancy rate in Onondaga County 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 Onondaga County for each bedroom size?
Occupied Rental Units by Size in Onondaga County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 4,289 22,736 26,682 11,885 3,512 Occupied Rental Units by Size in Onondaga County
A large number of apartments in Onondaga County 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 Onondaga County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $995 to $1,848. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size 2026 Fair Market Rents Studio $995 One BR $1,123 Two BR $1,392 Three BR $1,691 Four BR $1,848 2026 Fair Market Rents in Onondaga County, New York
How many units are rented at Fair Market Rent (FMR) in Onondaga County?
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 2,807 65 percent One BR 15,137 67 percent Two BR 12,737 48 percent Rental Units Below FMR in Onondaga County, New York
How many affordable rental units are in Onondaga County?
There are a variety of federal affordable housing programs serving households in
Onondaga County, 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 Public Housing Section 8 Project-Based Rental Assistance Section 236 Rental Assistance Section 202 Supportive Housing for the Elderly Section 811 Supportive Housing for Persons with Disabilities USDA Section 515 Rural Rental Housing Tracked Units by Federal Program in Onondaga County, New York
Income Based Apartments in Onondaga County, New York
Onondaga County features 6,713 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 Onondaga County, New York
There are 4,699 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Onondaga County.
Housing Choice Vouchers in Onondaga County, New York
On average, Section 8 Housing Choice vouchers pay Onondaga County landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Onondaga County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Onondaga County, New York for a two-bedroom apartment is between $1,013 and $1,239.
Sourced from federal housing data and AffordableHousingOnline.com research.