How many renters live in Saratoga County, New York?
The County of Saratoga County has 238,797 people living in 101,315 households.
There are 54,015 renters living in 29,637 renter households in this County. Renters make up 22.62 percent of the population living in Saratoga County.
What is the rental market like in Saratoga County, New York?
There are an estimated 112,110 housing units in the Saratoga County area. Of these, 32,329 units are rental homes, making up 29 percent of the housing market. For every renter household in Saratoga County, New York, there are 1 rental units.
What is the vacancy rate for rentals in Saratoga County?
The rental vacancy rate in Saratoga County is 7 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 Saratoga County for each bedroom size?
Occupied Rental Units by Size in Saratoga County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 1,128 | 9,223 | 12,655 | 5,750 | 663 |
Occupied Rental Units by Size in Saratoga County
A large number of apartments in Saratoga 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 Saratoga County are overburdened by housing costs?
Among renter households in this market, 44 percent have housing cost burden. Further, 22 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 Saratoga County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,011 to $1,830. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,011 |
| One BR | $1,131 |
| Two BR | $1,374 |
| Three BR | $1,661 |
| Four BR | $1,830 |
2024 Fair Market Rents in Saratoga County, New York
How many units are rented at Fair Market Rent (FMR) in Saratoga 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 | 525 | 47 percent |
| One BR | 4,514 | 49 percent |
| Two BR | 6,622 | 52 percent |
Rental Units Below FMR in Saratoga County, New York
How many affordable rental units are in Saratoga County?
There are a variety of federal affordable housing programs serving households in Saratoga County, New York including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 1,093 |
| Public Housing | 163 |
| Section 8 Project-Based Rental Assistance | 499 |
| Mod Rehab Project-Based Rental Assistance | 6 |
| Section 202 Supportive Housing for the Elderly | 49 |
| Section 811 Supportive Housing for Persons with Disabilities | 1 |
| USDA Section 515 Rural Rental Housing | 81 |
Tracked Units by Federal Program in Saratoga County, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Saratoga County, New York
Saratoga County features 758 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 Saratoga County, New York
There are 1,137 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Saratoga County.
Housing Choice Vouchers in Saratoga County, New York
On average, Section 8 Housing Choice vouchers pay Saratoga County landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Saratoga County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Saratoga County, New York for a two-bedroom apartment is between $1,237 and $1,511.
Sourced from federal housing data and AffordableHousingOnline.com research.
