What HUD offices serve New Martinsville, 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.
Go to the West Virginia Public Housing and Low-Income Apartments Waiting Lists page for openings near New Martinsville.
How many renters live in New Martinsville, West Virginia?
The City of New Martinsville has people living in households.
There are renters living in renter households in this City. Renters make up 24.55 percent of the population living in New Martinsville.
What is the rental market like in New Martinsville, West Virginia?
There are an estimated housing units in the New Martinsville area. Of these, units are rental homes, making up percent of the housing market. For every renter household in New Martinsville, West Virginia, there are 1.04 rental units.
What is the vacancy rate for rentals in New Martinsville?
The rental vacancy rate in New Martinsville is 4 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 New Martinsville for each bedroom size?
Occupied Rental Units by Size in New Martinsville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 45 | 112 | 158 | 168 | 15 |
Occupied Rental Units by Size in New Martinsville
A large number of apartments in New Martinsville 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 New Martinsville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $699 to $1,231. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $699 |
| One BR | $703 |
| Two BR | $924 |
| Three BR | $1,117 |
| Four BR | $1,231 |
2024 Fair Market Rents in New Martinsville, West Virginia
How many units are rented at Fair Market Rent (FMR) in New Martinsville?
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 | 36 | 80 percent |
| One BR | 89 | 79 percent |
| Two BR | 139 | 88 percent |
Rental Units Below FMR in New Martinsville, West Virginia
How many affordable rental units are in New Martinsville?
There are a variety of federal affordable housing programs serving households in New Martinsville, West Virginia including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance |
Tracked Units by Federal Program in New Martinsville, West Virginia
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in New Martinsville, West Virginia
New Martinsville features 218 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 New Martinsville, West Virginia
There are 98 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Martinsville.
Housing Choice Vouchers in New Martinsville, West Virginia
On average, Section 8 Housing Choice vouchers pay New Martinsville landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in New Martinsville.
The maximum amount a voucher would pay on behalf of a low-income tenant in New Martinsville, West Virginia for a two-bedroom apartment is between $832 and $1,016.
Sourced from federal housing data and AffordableHousingOnline.com research.