How many renters live in Scotia, New York?
The City of Scotia has 7,292 people living in 3,156 households.
There are 1,195 renters living in 841 renter households in this City. Renters make up 16.39 percent of the population living in Scotia.
What is the rental market like in Scotia, New York?
There are an estimated 3,544 housing units in the Scotia area. Of these, 841 units are rental homes, making up 24 percent of the housing market. For every renter household in Scotia, New York, there are 1 rental units.
What is the vacancy rate for rentals in Scotia?
The rental vacancy rate in Scotia is 0 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 Scotia for each bedroom size?
Occupied Rental Units by Size in Scotia
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 411 | 348 | 45 | 15 |
Occupied Rental Units by Size in Scotia
A large number of apartments in Scotia 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 Scotia are overburdened by housing costs?
Among renter households in this market, 47 percent have housing cost burden. Further, 23 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 Scotia
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 Scotia, New York
How many units are rented at Fair Market Rent (FMR) in Scotia?
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 | 304 | 74 percent |
| Two BR | 245 | 70 percent |
Rental Units Below FMR in Scotia, New York
How many affordable rental units are in Scotia?
There are a variety of federal affordable housing programs serving households in Scotia, New York including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 10 |
| Section 8 Project-Based Rental Assistance | 93 |
| Mod Rehab Project-Based Rental Assistance | 1 |
Tracked Units by Federal Program in Scotia, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Scotia, New York
Scotia features 96 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 Scotia, New York
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Scotia.
Housing Choice Vouchers in Scotia, New York
On average, Section 8 Housing Choice vouchers pay Scotia landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Scotia.
The maximum amount a voucher would pay on behalf of a low-income tenant in Scotia, New York for a two-bedroom apartment is between $1,237 and $1,511.
Sourced from federal housing data and AffordableHousingOnline.com research.
