What HUD offices serve Saratoga Springs, New York?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the New York Public Housing and Low-Income Apartments Waiting Lists page for openings near Saratoga Springs.
How many renters live in Saratoga Springs, New York?
The City of Saratoga Springs has 28,505 people living in 12,704 households.
There are 9,024 renters living in 5,509 renter households in this City. Renters make up 31.66 percent of the population living in Saratoga Springs.
What is the rental market like in Saratoga Springs, New York?
There are an estimated 14,596 housing units in the Saratoga Springs area. Of these, 6,045 units are rental homes, making up 41 percent of the housing market. For every renter household in Saratoga Springs, New York, there are 1 rental units.
What is the vacancy rate for rentals in Saratoga Springs?
The rental vacancy rate in Saratoga Springs 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 Springs for each bedroom size?
Occupied Rental Units by Size in Saratoga Springs
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 499 | 1,766 | 2,577 | 564 | 71 |
Occupied Rental Units by Size in Saratoga Springs
A large number of apartments in Saratoga Springs 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 Springs are overburdened by housing costs?
Among renter households in this market, 37 percent have housing cost burden. Further, 18 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 Springs
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 Springs, New York
How many units are rented at Fair Market Rent (FMR) in Saratoga Springs?
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 | 140 | 28 percent |
| One BR | 679 | 38 percent |
| Two BR | 732 | 28 percent |
Rental Units Below FMR in Saratoga Springs, New York
How many affordable rental units are in Saratoga Springs?
There are a variety of federal affordable housing programs serving households in Saratoga Springs, New York including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 304 |
| Public Housing | 163 |
| Section 8 Project-Based Rental Assistance | 117 |
Tracked Units by Federal Program in Saratoga Springs, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Saratoga Springs, New York
Saratoga Springs features 169 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 Springs, New York
There are 306 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Saratoga Springs.
Housing Choice Vouchers in Saratoga Springs, New York
On average, Section 8 Housing Choice vouchers pay Saratoga Springs landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Saratoga Springs.
The maximum amount a voucher would pay on behalf of a low-income tenant in Saratoga Springs, New York for a two-bedroom apartment is between $1,237 and $1,511.
Sourced from federal housing data and AffordableHousingOnline.com research.
