How many renters live in Putnam County, New York?
The County of Putnam County has 98,045 people living in 36,104 households.
There are 11,071 renters living in 4,746 renter households in this County. Renters make up 11.29 percent of the population living in Putnam County.
What is the rental market like in Putnam County, New York?
There are an estimated 38,323 housing units in the Putnam County area. Of these, 5,805 units are rental homes, making up 15 percent of the housing market. For every renter household in Putnam County, New York, there are 1 rental units.
What is the vacancy rate for rentals in Putnam County?
The rental vacancy rate in Putnam County is 1 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 Putnam County for each bedroom size?
Occupied Rental Units by Size in Putnam County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 269 | 1,793 | 1,930 | 1,362 | 174 |
Occupied Rental Units by Size in Putnam County
A large number of apartments in Putnam County 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 Putnam County are overburdened by housing costs?
Among renter households in this market, 51 percent have housing cost burden. Further, 21 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 Putnam County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $2,386 to $3,700. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $2,386 |
| One BR | $2,451 |
| Two BR | $2,752 |
| Three BR | $3,434 |
| Four BR | $3,700 |
2024 Fair Market Rents in Putnam County, New York
How many units are rented at Fair Market Rent (FMR) in Putnam 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 | 252 | 94 percent |
| One BR | 1,006 | 56 percent |
| Two BR | 534 | 28 percent |
Rental Units Below FMR in Putnam County, New York
How many affordable rental units are in Putnam County?
There are a variety of federal affordable housing programs serving households in Putnam County, New York including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 391 |
| Section 8 Project-Based Rental Assistance | 63 |
| Section 202 Supportive Housing for the Elderly | 70 |
| Section 811 Supportive Housing for Persons with Disabilities | 6 |
| USDA Section 515 Rural Rental Housing | 24 |
Tracked Units by Federal Program in Putnam County, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Putnam County, New York
Putnam County features 141 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 Putnam County, New York
There are 453 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Putnam County.
Housing Choice Vouchers in Putnam County, New York
On average, Section 8 Housing Choice vouchers pay Putnam County landlords $1,000 per month towards rent. The average voucher holder contributes $400 towards rent in Putnam County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Putnam County, New York for a two-bedroom apartment is between $2,477 and $3,027.
Sourced from federal housing data and AffordableHousingOnline.com research.
