How many renters live in Barboursville, West Virginia?
The City of Barboursville has 4,394 people living in 1,678 households.
There are 1,106 renters living in 607 renter households in this City. Renters make up 25.17 percent of the population living in Barboursville.
What is the rental market like in Barboursville, West Virginia?
There are an estimated 1,880 housing units in the Barboursville area. Of these, 723 units are rental homes, making up 38 percent of the housing market. For every renter household in Barboursville, West Virginia, there are 1 rental units.
What is the vacancy rate for rentals in Barboursville?
The rental vacancy rate in Barboursville is 16 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 Barboursville for each bedroom size?
Occupied Rental Units by Size in Barboursville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 57 | 230 | 235 | 85 | 0 |
Occupied Rental Units by Size in Barboursville
A large number of apartments in Barboursville 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 Barboursville are overburdened by housing costs?
Among renter households in this market, 41 percent have housing cost burden. Further, 28 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 Barboursville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $793 to $1,431. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $793 |
| One BR | $815 |
| Two BR | $938 |
| Three BR | $1,236 |
| Four BR | $1,431 |
2024 Fair Market Rents in Barboursville, West Virginia
How many units are rented at Fair Market Rent (FMR) in Barboursville?
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 | 50 | 88 percent |
| One BR | 62 | 27 percent |
| Two BR | 111 | 47 percent |
Rental Units Below FMR in Barboursville, West Virginia
How many affordable rental units are in Barboursville?
There are a variety of federal affordable housing programs serving households in Barboursville, West Virginia including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 38 |
| Public Housing | 9 |
| Section 8 Project-Based Rental Assistance | 64 |
| USDA Section 515 Rural Rental Housing | 12 |
Tracked Units by Federal Program in Barboursville, West Virginia
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Barboursville, West Virginia
Barboursville features 87 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 Barboursville, West Virginia
There are 88 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Barboursville.
Housing Choice Vouchers in Barboursville, West Virginia
On average, Section 8 Housing Choice vouchers pay Barboursville landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Barboursville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Barboursville, West Virginia for a two-bedroom apartment is between $844 and $1,032.
Sourced from federal housing data and AffordableHousingOnline.com research.
