Low Income Apartments and Affordable Housing For Rent in Putnam County, WV

Discover affordable housing in Putnam County where there are 12+ 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.

Maury Village

1064 Mt Vernon, Hurricane, West Virginia 25526

Patton Place Apartments

3259 Winfield Rd, Winfield, West Virginia 25213

Wingate Village Apartments

412 Fir St, Eleanor, West Virginia 25070

Hometown Apartments

6 School Ln., Hometown, West Virginia 25618

Hometown Apartments

12 Hometown Apt Ln, Hometown, West Virginia 25168

Smithfield Estates

26 Shirley Drive, Buffalo, West Virginia 25033

Calhoun Homes

125 Calhoun Homes Dr, Bancroft, West Virginia 26151

Willow Tree Village

100 Willow Tree Way, Hurricane, West Virginia 25526

Sable Point II

145 Sable Point Dr, Hurricane, West Virginia 25526

Brittany Point

3245 Winfield Rd, Winfield, West Virginia 25213

Maplewood Apartments

Etta And Morris Sts, Poca, West Virginia 25159

Maplewood Apartments

Etta St, Poca, West Virginia 25159

calendar_today Opened: Sep 9
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Putnam County, West Virginia
$20.08/hour
$11.33 (+129%) more than West Virginia minimum wage and $12.83 (+177%) more than the Federal minimum wage.
Learn More About Putnam County, West Virginia Affordable Housing ↓

What HUD offices serve Putnam County, 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, Section 8 Project-Based Voucher (PBV), Emergency Housing Voucher (EHV) programs for Putnam County, West Virginia.

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

How many renters live in Putnam County, West Virginia?

The County of Putnam County has 57,347 people living in 22,402 households.

There are 8,971 renters living in 4,004 renter households in this County. Renters make up 15.64 percent of the population living in Putnam County.

What is the rental market like in Putnam County, West Virginia?

There are an estimated 24,805 housing units in the Putnam County area. Of these, 4,289 units are rental homes, making up 17 percent of the housing market. For every renter household in Putnam County, West Virginia, there are 1 rental units.

What is the vacancy rate for rentals in Putnam County?

The rental vacancy rate in Putnam County is 6 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 Putnam County for each bedroom size?

Occupied Rental Units by Size in Putnam County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
99 355 2,035 1,272 196
Occupied Rental Units by Size in Putnam County

A large number of apartments in Putnam County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Putnam County are overburdened by housing costs?

Among renter households in this market, 34 percent have housing cost burden. Further, 21 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Putnam County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $820 to $1,678. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $820
One BR $826
Two BR $1,060
Three BR $1,475
Four BR $1,678
2024 Fair Market Rents in Putnam County, West Virginia

How many units are rented at Fair Market Rent (FMR) in Putnam 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 53 54 percent
One BR 220 62 percent
Two BR 1,030 51 percent
Rental Units Below FMR in Putnam County, West Virginia

How many affordable rental units are in Putnam County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 406
Section 8 Project-Based Rental Assistance 41
USDA Section 515 Rural Rental Housing 176
Tracked Units by Federal Program in Putnam County, West Virginia

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

Income Based Apartments in Putnam County, West Virginia

Putnam County features 200 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 Putnam County, West Virginia

There are 297 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Putnam County.

Housing Choice Vouchers in Putnam County, West Virginia

On average, Section 8 Housing Choice vouchers pay Putnam County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Putnam County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Putnam County, West Virginia for a two-bedroom apartment is between $954 and $1,166.

Sourced from federal housing data and AffordableHousingOnline.com research.