How many renters live in Roane County, West Virginia?
The County of Roane County has people living in households.
There are renters living in renter households in this County. Renters make up 21.39 percent of the population living in Roane County.
What is the rental market like in Roane County, West Virginia?
There are an estimated housing units in the Roane County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Roane County, West Virginia, there are 1.08 rental units.
What is the vacancy rate for rentals in Roane County?
The rental vacancy rate in Roane County is 7 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 Roane County for each bedroom size?
Occupied Rental Units by Size in Roane County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 9 | 259 | 558 | 456 | 82 |
Occupied Rental Units by Size in Roane County
A large number of apartments in Roane County 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 Roane County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $679 to $1,208. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $679 |
| One BR | $755 |
| Two BR | $848 |
| Three BR | $1,195 |
| Four BR | $1,208 |
2024 Fair Market Rents in Roane County, West Virginia
How many units are rented at Fair Market Rent (FMR) in Roane County?
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 | 6 | 67 percent |
| One BR | 229 | 88 percent |
| Two BR | 383 | 69 percent |
Rental Units Below FMR in Roane County, West Virginia
How many affordable rental units are in Roane County?
There are a variety of federal affordable housing programs serving households in Roane County, West Virginia including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Roane County, West Virginia
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Roane County, West Virginia
Roane County features 184 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 Roane County, West Virginia
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Roane County.
Housing Choice Vouchers in Roane County, West Virginia
On average, Section 8 Housing Choice vouchers pay Roane County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Roane County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Roane County, West Virginia for a two-bedroom apartment is between $763 and $933.
Sourced from federal housing data and AffordableHousingOnline.com research.