How many renters live in Chester, West Virginia?
The City of Chester has people living in households.
There are renters living in renter households in this City. Renters make up 26.19 percent of the population living in Chester.
What is the rental market like in Chester, West Virginia?
There are an estimated housing units in the Chester area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Chester, West Virginia, there are 1.15 rental units.
What is the vacancy rate for rentals in Chester?
The rental vacancy rate in Chester is 13 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 Chester for each bedroom size?
Occupied Rental Units by Size in Chester
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 17 | 35 | 143 | 100 | 0 |
Occupied Rental Units by Size in Chester
A large number of apartments in Chester have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Chester
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $660 to $1,279. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $660 |
| One BR | $678 |
| Two BR | $860 |
| Three BR | $1,177 |
| Four BR | $1,279 |
2024 Fair Market Rents in Chester, West Virginia
How many units are rented at Fair Market Rent (FMR) in Chester?
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 | 17 | 100 percent |
| One BR | 30 | 86 percent |
| Two BR | 24 | 17 percent |
Rental Units Below FMR in Chester, West Virginia
How many affordable rental units are in Chester?
There are a variety of federal affordable housing programs serving households in Chester, West Virginia including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Chester, West Virginia
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Chester, West Virginia
Chester features 32 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 Chester, West Virginia
There are 8 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Chester.
Housing Choice Vouchers in Chester, West Virginia
On average, Section 8 Housing Choice vouchers pay Chester landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Chester.
The maximum amount a voucher would pay on behalf of a low-income tenant in Chester, West Virginia for a two-bedroom apartment is between $774 and $946.
Sourced from federal housing data and AffordableHousingOnline.com research.