How many renters live in Newcastle, Wyoming?
The City of Newcastle has people living in households.
There are renters living in renter households in this City. Renters make up 7.75 percent of the population living in Newcastle.
What is the rental market like in Newcastle, Wyoming?
There are an estimated housing units in the Newcastle area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Newcastle, Wyoming, there are 1.64 rental units.
What is the vacancy rate for rentals in Newcastle?
The rental vacancy rate in Newcastle is 39 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 Newcastle for each bedroom size?
Occupied Rental Units by Size in Newcastle
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 40 | 73 | 14 | 10 |
Occupied Rental Units by Size in Newcastle
A large number of apartments in Newcastle 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 Newcastle
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $801 to $1,761. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $801 |
| One BR | $806 |
| Two BR | $1,059 |
| Three BR | $1,280 |
| Four BR | $1,761 |
2024 Fair Market Rents in Newcastle, Wyoming
How many units are rented at Fair Market Rent (FMR) in Newcastle?
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 | 40 | 100 percent |
| Two BR | 18 | 25 percent |
Rental Units Below FMR in Newcastle, Wyoming
How many affordable rental units are in Newcastle?
There are a variety of federal affordable housing programs serving households in Newcastle, Wyoming including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Newcastle, Wyoming
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Newcastle, Wyoming
Newcastle features 24 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 Newcastle, Wyoming
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Newcastle.
Housing Choice Vouchers in Newcastle, Wyoming
On average, Section 8 Housing Choice vouchers pay Newcastle landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Newcastle.
The maximum amount a voucher would pay on behalf of a low-income tenant in Newcastle, Wyoming for a two-bedroom apartment is between $953 and $1,165.
Sourced from federal housing data and AffordableHousingOnline.com research.
