How many renters live in Wayne, West Virginia?
The City of Wayne has people living in households.
There are renters living in renter households in this City. Renters make up 34.08 percent of the population living in Wayne.
What is the rental market like in Wayne, West Virginia?
There are an estimated housing units in the Wayne area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Wayne, West Virginia, there are 1.2 rental units.
What is the vacancy rate for rentals in Wayne?
The rental vacancy rate in Wayne is 15 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 Wayne for each bedroom size?
Occupied Rental Units by Size in Wayne
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 85 | 105 | 91 | 0 |
Occupied Rental Units by Size in Wayne
A large number of apartments in Wayne 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 Wayne
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 Wayne, West Virginia
How many units are rented at Fair Market Rent (FMR) in Wayne?
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 | 85 | 100 percent |
| Two BR | 55 | 52 percent |
Rental Units Below FMR in Wayne, West Virginia
How many affordable rental units are in Wayne?
There are a variety of federal affordable housing programs serving households in Wayne, West Virginia including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance | |
| Section 811 Supportive Housing for Persons with Disabilities |
Tracked Units by Federal Program in Wayne, West Virginia
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Wayne, West Virginia
Wayne features 110 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 Wayne, West Virginia
There are 7 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wayne.
Housing Choice Vouchers in Wayne, West Virginia
On average, Section 8 Housing Choice vouchers pay Wayne landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Wayne.
The maximum amount a voucher would pay on behalf of a low-income tenant in Wayne, West Virginia for a two-bedroom apartment is between $844 and $1,032.
Sourced from federal housing data and AffordableHousingOnline.com research.