Low Income Apartments and Affordable Housing For Rent in Benwood, WV

Discover affordable housing in Benwood where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Benwood - Mcmechen

2106 Marshall St S, Benwood, West Virginia 26031

calendar_today Opened: Jul 13
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Benwood, West Virginia
$16.95/hour
$8.20 (+94%) more than West Virginia minimum wage and $9.70 (+134%) more than the Federal minimum wage.
Learn More About Benwood, West Virginia Affordable Housing ↓

What HUD offices serve Benwood, West Virginia?

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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Benwood, West Virginia.

Go to the West Virginia Public Housing and Low-Income Apartments Waiting Lists page for openings near Benwood.

How many renters live in Benwood, West Virginia?

The City of Benwood has 1,251 people living in 578 households.

There are 467 renters living in 200 renter households in this City. Renters make up 37.33 percent of the population living in Benwood.

What is the rental market like in Benwood, West Virginia?

There are an estimated 706 housing units in the Benwood area. Of these, 229 units are rental homes, making up 32 percent of the housing market. For every renter household in Benwood, West Virginia, there are 1 rental units.

What is the vacancy rate for rentals in Benwood?

The rental vacancy rate in Benwood is 9 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 Benwood for each bedroom size?

Occupied Rental Units by Size in Benwood
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
3 77 78 28 6
Occupied Rental Units by Size in Benwood

A large number of apartments in Benwood 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 Benwood are overburdened by housing costs?

Among renter households in this market, 50 percent have housing cost burden. Further, 10 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 Benwood

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $607 to $1,329. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $607
One BR $714
Two BR $895
Three BR $1,163
Four BR $1,329
2024 Fair Market Rents in Benwood, West Virginia

How many units are rented at Fair Market Rent (FMR) in Benwood?

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 33 percent
One BR 55 71 percent
Two BR 59 76 percent
Rental Units Below FMR in Benwood, West Virginia

How many affordable rental units are in Benwood?

There are a variety of federal affordable housing programs serving households in Benwood, West Virginia including the following:

Federal Program Unit Count
Public Housing 120
Tracked Units by Federal Program in Benwood, West Virginia

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Benwood, West Virginia

Benwood features 178 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 Benwood, West Virginia

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

Housing Choice Vouchers in Benwood, West Virginia

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Benwood, West Virginia for a two-bedroom apartment is between $806 and $985.

Sourced from federal housing data and AffordableHousingOnline.com research.