Affordable Housing In Woodbury
Nassau County, New York

Guide To Affordable Housing in Woodbury, New York

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Woodbury, New York.

Income Based Apartments in Woodbury, New York

Woodbury features 0 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 Woodbury, New York

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Woodbury.

Housing Choice Vouchers in Woodbury, New York

On average, Section 8 Housing Choice vouchers pay Woodbury landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Woodbury.

The maximum amount a voucher would pay on behalf of a low-income tenant in Woodbury, New York for a two-bedroom apartment is between $1,793 and $2,191.

2020 Woodbury, New York Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $1,298 $1,624 $1,992 $2,563 $2,858
Payment Standard Range $1,168 to $1,428 $1,462 to $1,786 $1,793 to $2,191 $2,307 to $2,819 $2,572 to $3,144

Sourced from federal housing data and AffordableHousingOnline.com research.

Woodbury, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 12.99%
Average Renter Household Size 1.89
Average Household Size 2.57
Median Household Income $158,679 ±$22,762
Median Rent $2,209 ±$100
Percentage Of Renters Overburdened 47.79% ± 14.96pp
Total Population 8,473

Population and Household Demographics

Woodbury is a City in Nassau County, New York with a population of 8,473. There are 2,963 households in the city with an average household size of 2.57 persons. 12.99% of households in Woodbury are renters.

Income and Rent Overburden in Woodbury

The median gross income for households in Woodbury is $158,679 a year, or $13,223 a month. The median rent for the city is $2,209 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Woodbury, a household making less than $7,363 a month would be considered overburdened when renting an apartment at or above the median rent. 47.79% of households who rent are overburdened in Woodbury.1

Area Median Income In Woodbury

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Woodbury, the AMI is calculated from all households within Nassau County.

In Woodbury, HUD calculates the Area Median Income for a family of four as $124,000

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Woodbury

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Woodbury

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $26,050 $29,800 $33,500 $37,200 $40,200 $43,200 $46,150 $49,150
50% of Median $43,400 $49,600 $55,800 $62,000 $67,000 $71,950 $76,900 $81,850
80% of Median $62,300 $71,200 $80,100 $88,950 $96,100 $103,200 $110,300 $117,450