How many renters live in Berkeley Springs, West Virginia?
The City of Berkeley Springs has 897 people living in 463 households.
There are 539 renters living in 308 renter households in this City. Renters make up 60.09 percent of the population living in Berkeley Springs.
What is the rental market like in Berkeley Springs, West Virginia?
There are an estimated 517 housing units in the Berkeley Springs area. Of these, 310 units are rental homes, making up 60 percent of the housing market. For every renter household in Berkeley Springs, West Virginia, there are 1 rental units.
What is the vacancy rate for rentals in Berkeley Springs?
The rental vacancy rate in Berkeley Springs 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 Berkeley Springs for each bedroom size?
Occupied Rental Units by Size in Berkeley Springs
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 26 | 146 | 39 | 88 | 7 |
Occupied Rental Units by Size in Berkeley Springs
A large number of apartments in Berkeley Springs 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 Berkeley Springs are overburdened by housing costs?
Among renter households in this market, 30 percent have housing cost burden. Further, 21 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 Berkeley Springs
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $620 to $1,470. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $620 |
| One BR | $814 |
| Two BR | $914 |
| Three BR | $1,288 |
| Four BR | $1,470 |
2024 Fair Market Rents in Berkeley Springs, West Virginia
How many units are rented at Fair Market Rent (FMR) in Berkeley Springs?
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 | 12 | 46 percent |
| One BR | 135 | 92 percent |
| Two BR | 17 | 44 percent |
Rental Units Below FMR in Berkeley Springs, West Virginia
How many affordable rental units are in Berkeley Springs?
Income Based Apartments in Berkeley Springs, West Virginia
Berkeley Springs features 8 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 Berkeley Springs, West Virginia
There are 136 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Berkeley Springs.
Housing Choice Vouchers in Berkeley Springs, West Virginia
On average, Section 8 Housing Choice vouchers pay Berkeley Springs landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Berkeley Springs.
The maximum amount a voucher would pay on behalf of a low-income tenant in Berkeley Springs, West Virginia for a two-bedroom apartment is between $823 and $1,005.
Sourced from federal housing data and AffordableHousingOnline.com research.
