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

Discover affordable housing in Buffalo 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.

Smithfield Estates

26 Shirley Drive, Buffalo, West Virginia 25033

calendar_today Opened: Sep 9
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 Buffalo, West Virginia
$11.33 (+129%) more than West Virginia minimum wage and $12.83 (+177%) more than the Federal minimum wage.
Learn More About Buffalo, West Virginia Affordable Housing ↓

What HUD offices serve Buffalo, 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, Section 8 Project-Based Voucher (PBV), Emergency Housing Voucher (EHV) programs for Buffalo, West Virginia.

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

How many renters live in Buffalo, West Virginia?

The City of Buffalo has 1,151 people living in 398 households.

There are 158 renters living in 74 renter households in this City. Renters make up 13.73 percent of the population living in Buffalo.

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

There are an estimated 527 housing units in the Buffalo area. Of these, 84 units are rental homes, making up 16 percent of the housing market. For every renter household in Buffalo, West Virginia, there are 1 rental units.

What is the vacancy rate for rentals in Buffalo?

The rental vacancy rate in Buffalo 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 Buffalo for each bedroom size?

Occupied Rental Units by Size in Buffalo
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 8 34 32 0
Occupied Rental Units by Size in Buffalo

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

Among renter households in this market, 23 percent have housing cost burden. Further, 5 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 Buffalo

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $820 to $1,678. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $820
One BR $826
Two BR $1,060
Three BR $1,475
Four BR $1,678
2024 Fair Market Rents in Buffalo, West Virginia

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

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 8 100 percent
Two BR 23 68 percent
Rental Units Below FMR in Buffalo, West Virginia

How many affordable rental units are in Buffalo?

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

Federal Program Unit Count
Low Income Housing Tax Credit 14
Tracked Units by Federal Program in Buffalo, West Virginia

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

Income Based Apartments in Buffalo, West Virginia

Buffalo features 14 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 Buffalo, West Virginia

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

Housing Choice Vouchers in Buffalo, West Virginia

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Buffalo, West Virginia for a two-bedroom apartment is between $954 and $1,166.

Sourced from federal housing data and AffordableHousingOnline.com research.