What HUD offices serve Bucks County, Pennsylvania?
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 Pennsylvania Public Housing and Low-Income Apartments Waiting Lists page for openings near Bucks County.
How many renters live in Bucks County, Pennsylvania?
The County of Bucks County has people living in households.
There are renters living in renter households in this County. Renters make up 17.6 percent of the population living in Bucks County.
What is the rental market like in Bucks County, Pennsylvania?
There are an estimated housing units in the Bucks County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Bucks County, Pennsylvania, there are 1.02 rental units.
What is the vacancy rate for rentals in Bucks County?
The rental vacancy rate in Bucks County is 3 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 Bucks County for each bedroom size?
Occupied Rental Units by Size in Bucks County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 2,120 18,053 24,553 8,006 2,151 Occupied Rental Units by Size in Bucks County
A large number of apartments in Bucks County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Bucks County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,303 to $2,422. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $1,303 One BR $1,451 Two BR $1,737 Three BR $2,100 Four BR $2,422 2024 Fair Market Rents in Bucks County, Pennsylvania
How many units are rented at Fair Market Rent (FMR) in Bucks 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 1,605 76 percent One BR 10,736 59 percent Two BR 9,967 41 percent Rental Units Below FMR in Bucks County, Pennsylvania
How many affordable rental units are in Bucks County?
There are a variety of federal affordable housing programs serving households in
Bucks County, Pennsylvania including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Public Housing Section 8 Project-Based Rental Assistance Section 202 Supportive Housing for the Elderly Section 811 Supportive Housing for Persons with Disabilities USDA Section 515 Rural Rental Housing Tracked Units by Federal Program in Bucks County, Pennsylvania
Income Based Apartments in Bucks County, Pennsylvania
Bucks County features 2,672 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 Bucks County, Pennsylvania
There are 414 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bucks County.
Housing Choice Vouchers in Bucks County, Pennsylvania
On average, Section 8 Housing Choice vouchers pay Bucks County landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Bucks County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bucks County, Pennsylvania for a two-bedroom apartment is between $1,563 and $1,911.
Sourced from federal housing data and AffordableHousingOnline.com research.