What HUD offices serve Putney, Vermont?
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 Vermont Public Housing and Low-Income Apartments Waiting Lists page for openings near Putney.
How many renters live in Putney, Vermont?
The City of Putney has 360 people living in 196 households.
There are 176 renters living in 90 renter households in this City. Renters make up 48.89 percent of the population living in Putney.
What is the rental market like in Putney, Vermont?
There are an estimated 212 housing units in the Putney area. Of these, 106 units are rental homes, making up 50 percent of the housing market. For every renter household in Putney, Vermont, there are 1 rental units.
What is the vacancy rate for rentals in Putney?
The rental vacancy rate in Putney is 15 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Putney for each bedroom size?
Occupied Rental Units by Size in Putney
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 60 | 27 | 3 | 0 |
Occupied Rental Units by Size in Putney
A large number of apartments in Putney 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 Putney are overburdened by housing costs?
Among renter households in this market, 56 percent have housing cost burden. Further, 11 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 Putney
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $976 to $1,785. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $976 |
| One BR | $1,091 |
| Two BR | $1,340 |
| Three BR | $1,655 |
| Four BR | $1,785 |
2024 Fair Market Rents in Putney, Vermont
How many units are rented at Fair Market Rent (FMR) in Putney?
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 | 53 | 88 percent |
| Two BR | 20 | 74 percent |
Rental Units Below FMR in Putney, Vermont
How many affordable rental units are in Putney?
There are a variety of federal affordable housing programs serving households in Putney, Vermont including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 51 |
| USDA Section 515 Rural Rental Housing | 28 |
Tracked Units by Federal Program in Putney, Vermont
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Putney, Vermont
Putney features 28 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 Putney, Vermont
There are 33 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Putney.
Housing Choice Vouchers in Putney, Vermont
On average, Section 8 Housing Choice vouchers pay Putney landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Putney.
The maximum amount a voucher would pay on behalf of a low-income tenant in Putney, Vermont for a two-bedroom apartment is between $1,206 and $1,474.
Sourced from federal housing data and AffordableHousingOnline.com research.
