How many renters live in Fort Gay, West Virginia?
The City of Fort Gay has people living in households.
There are renters living in renter households in this City. Renters make up 43.36 percent of the population living in Fort Gay.
What is the rental market like in Fort Gay, West Virginia?
There are an estimated housing units in the Fort Gay area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Fort Gay, West Virginia, there are 1.13 rental units.
What is the vacancy rate for rentals in Fort Gay?
The rental vacancy rate in Fort Gay is 11 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 Fort Gay for each bedroom size?
Occupied Rental Units by Size in Fort Gay
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 22 | 79 | 10 | 24 |
Occupied Rental Units by Size in Fort Gay
A large number of apartments in Fort Gay 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 Fort Gay
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 Fort Gay, West Virginia
How many units are rented at Fair Market Rent (FMR) in Fort Gay?
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 | 20 | 91 percent |
| Two BR | 62 | 78 percent |
Rental Units Below FMR in Fort Gay, West Virginia
How many affordable rental units are in Fort Gay?
There are a variety of federal affordable housing programs serving households in Fort Gay, West Virginia including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 811 Supportive Housing for Persons with Disabilities | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Fort Gay, West Virginia
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Fort Gay, West Virginia
Fort Gay features 38 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 Fort Gay, West Virginia
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fort Gay.
Housing Choice Vouchers in Fort Gay, West Virginia
On average, Section 8 Housing Choice vouchers pay Fort Gay landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Fort Gay.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fort Gay, West Virginia for a two-bedroom apartment is between $844 and $1,032.
Sourced from federal housing data and AffordableHousingOnline.com research.