What HUD offices serve Valley Stream, 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 Valley Stream.
How many renters live in Valley Stream, New York?
The City of Valley Stream has 19,016 people living in 5,588 households.
There are 548 renters living in 334 renter households in this City. Renters make up 2.88 percent of the population living in Valley Stream.
What is the rental market like in Valley Stream, New York?
There are an estimated 5,725 housing units in the Valley Stream area. Of these, 334 units are rental homes, making up 6 percent of the housing market. For every renter household in Valley Stream, New York, there are 1 rental units.
What is the vacancy rate for rentals in Valley Stream?
The rental vacancy rate in Valley Stream 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 Valley Stream for each bedroom size?
Occupied Rental Units by Size in Valley Stream
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 85 | 81 | 108 | 60 |
Occupied Rental Units by Size in Valley Stream
A large number of apartments in Valley Stream 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 Valley Stream are overburdened by housing costs?
Among renter households in this market, 56 percent have housing cost burden. Further, 45 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 Valley Stream
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,708 to $3,521. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,708 |
| One BR | $2,144 |
| Two BR | $2,508 |
| Three BR | $3,246 |
| Four BR | $3,521 |
2024 Fair Market Rents in Valley Stream, New York
How many units are rented at Fair Market Rent (FMR) in Valley Stream?
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 | 11 | 13 percent |
| Two BR | 35 | 43 percent |
Rental Units Below FMR in Valley Stream, New York
How many affordable rental units are in Valley Stream?
Income Based Apartments in Valley Stream, New York
Valley Stream features 568 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 Valley Stream, New York
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Valley Stream.
Housing Choice Vouchers in Valley Stream, New York
On average, Section 8 Housing Choice vouchers pay Valley Stream landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Valley Stream.
The maximum amount a voucher would pay on behalf of a low-income tenant in Valley Stream, New York for a two-bedroom apartment is between $2,257 and $2,759.
Sourced from federal housing data and AffordableHousingOnline.com research.
