Low Income Apartments and Affordable Housing For Rent in Point Pleasant, WV

Discover affordable housing in Point Pleasant where there are 5+ 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.

Pleasant Valley Apartments

1151 Evergreen Dr, Point Pleasant, West Virginia 25550

payment Subsidized

Main Street Apartments

233 Main St, Point Pleasant, West Virginia 25550

payment Subsidized
accessibility Accessible
accessible_forward Disability

Twin Rivers Towers

200 2nd St, Point Pleasant, West Virginia 25550

payment Subsidized

Jordan Landing Apartments

18 Jordan Landing Dr, Point Pleasant, West Virginia 25550

switch_access_shortcut Short Wait
accessibility Accessible

Shawnee Homes

105 1st St, Point Pleasant, West Virginia 25550

payment Subsidized

How To Identify Affordable Housing in Point Pleasant, West Virginia

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Point Pleasant, West Virginia
$16.78/hour
$8.03 (+92%) more than West Virginia minimum wage and $9.53 (+131%) more than the Federal minimum wage.
Learn More About Point Pleasant, West Virginia Affordable Housing ↓

What HUD offices serve Point Pleasant, 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 programs for Point Pleasant, West Virginia.

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

How many renters live in Point Pleasant, West Virginia?

The City of Point Pleasant has people living in households.

There are renters living in renter households in this City. Renters make up 36.64 percent of the population living in Point Pleasant.

What is the rental market like in Point Pleasant, West Virginia?

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

What is the vacancy rate for rentals in Point Pleasant?

The rental vacancy rate in Point Pleasant 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 Point Pleasant for each bedroom size?

Occupied Rental Units by Size in Point Pleasant
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
17 297 192 83 0
Occupied Rental Units by Size in Point Pleasant

A large number of apartments in Point Pleasant 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 Point Pleasant

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $710 to $1,180. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $710
One BR $733
Two BR $886
Three BR $1,071
Four BR $1,180
2024 Fair Market Rents in Point Pleasant, West Virginia

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

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 290 98 percent
Two BR 130 68 percent
Rental Units Below FMR in Point Pleasant, West Virginia

How many affordable rental units are in Point Pleasant?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Section 811 Supportive Housing for Persons with Disabilities
Tracked Units by Federal Program in Point Pleasant, West Virginia

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

Income Based Apartments in Point Pleasant, West Virginia

Point Pleasant features 341 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 Point Pleasant, West Virginia

There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Point Pleasant.

Housing Choice Vouchers in Point Pleasant, West Virginia

On average, Section 8 Housing Choice vouchers pay Point Pleasant landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Point Pleasant.

The maximum amount a voucher would pay on behalf of a low-income tenant in Point Pleasant, West Virginia for a two-bedroom apartment is between $797 and $975.

Sourced from federal housing data and AffordableHousingOnline.com research.

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