How many renters live in Pascoag, Rhode Island?
The City of Pascoag has people living in households.
There are renters living in renter households in this City. Renters make up 33.6 percent of the population living in Pascoag.
What is the rental market like in Pascoag, Rhode Island?
There are an estimated housing units in the Pascoag area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Pascoag, Rhode Island, there are 1 rental units.
What is the vacancy rate for rentals in Pascoag?
The rental vacancy rate in Pascoag 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 Pascoag for each bedroom size?
Occupied Rental Units by Size in Pascoag
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 14 | 164 | 186 | 95 | 106 |
Occupied Rental Units by Size in Pascoag
A large number of apartments in Pascoag 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 Pascoag
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,289 to $2,536. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,289 |
| One BR | $1,398 |
| Two BR | $1,693 |
| Three BR | $2,047 |
| Four BR | $2,536 |
2024 Fair Market Rents in Pascoag, Rhode Island
How many units are rented at Fair Market Rent (FMR) in Pascoag?
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 | 14 | 100 percent |
| One BR | 152 | 93 percent |
| Two BR | 186 | 100 percent |
Rental Units Below FMR in Pascoag, Rhode Island
How many affordable rental units are in Pascoag?
There are a variety of federal affordable housing programs serving households in Pascoag, Rhode Island including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance |
Tracked Units by Federal Program in Pascoag, Rhode Island
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Pascoag, Rhode Island
Pascoag 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 Pascoag, Rhode Island
There are 190 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pascoag.
Housing Choice Vouchers in Pascoag, Rhode Island
On average, Section 8 Housing Choice vouchers pay Pascoag landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Pascoag.
The maximum amount a voucher would pay on behalf of a low-income tenant in Pascoag, Rhode Island for a two-bedroom apartment is between $1,524 and $1,862.
Sourced from federal housing data and AffordableHousingOnline.com research.