Embury Revitalization
There are 1,437 low-income apartments in Saratoga County that offer reduced rents to eligible households.
Rental assistance programs support 758 low-income homes in Saratoga County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $368 towards rent each month.
Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.
Saratoga County, New York Affordable Housing Data
Income Based Apartments in Saratoga County, New York
Saratoga County features 758 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 Saratoga County, New York
There are 1,437 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Saratoga County.
Housing Choice Vouchers in Saratoga County, New York
On average, Section 8 Housing Choice vouchers pay Saratoga County landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Saratoga County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Saratoga County, New York for a two-bedroom apartment is between $1,237 and $1,511.
2024 Saratoga County, New York Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
| Studio | One BR | Two BR | Three BR | Four BR | |
|---|---|---|---|---|---|
| Saratoga County, New York Fair Market Rent | $1,011 | $1,131 | $1,374 | $1,661 | $1,830 |
| Saratoga County, New York Payment Standard Range | $910 to $1,112 | $1,018 to $1,244 | $1,237 to $1,511 | $1,495 to $1,827 | $1,647 to $2,013 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Saratoga County, NY Affordable Housing Snapshot
| Total Affordable Apartment Properties | 41 |
|---|---|
| Total Low Income Apartments | 2,315 |
| Total Housing Units with Rental Assistance | 758 |
| Percentage of Housing Units Occupied By Renters | 28.36% |
| Average Renter Household Size | 2.01 |
| Average Household Size | 2.44 |
| Median Household Income | $71,496 ±$1,058 |
| Median Rent | $993 ±$19 |
| Percentage Of Renters Overburdened | 39.64% ± 2.38pp |
| Total Population | 223,774 |
Population and Household Demographics
Saratoga County is a county in New York with a population of 223,774. There are 89,921 households in the county with an average household size of 2.44 persons. 28.36% of households in Saratoga County are renters.
Income and Rent Overburden in Saratoga County
The median gross income for households in Saratoga County is $71,496 a year, or $5,958 a month. The median rent for the county is $993 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Saratoga County, a household making less than $3,310 a month would be considered overburdened when renting an apartment at or above the median rent. 39.64% of households who rent are overburdened in Saratoga County.
Area Median Income In Saratoga County
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.
In Saratoga County, HUD calculates the Area Median Income for a family of four as $113,300
Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.
Rental Assistance in Saratoga County
Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.
Income Qualifications for HUD Rental Assistance in Saratoga County
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the Saratoga County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$23,600 | $26,950 | $30,300 | $33,650 | $36,350 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Saratoga County AMI may qualify for rental assistance programs that target Very Low Income households. |
$39,300 | $44,900 | $50,500 | $56,100 | $60,600 | $65,100 | $69,600 | $74,100 |
| 80% AMI Income Limits Renters earning up to 80% of the Saratoga County AMI may qualify for rental assistance programs that target Low Income households. |
$62,850 | $71,800 | $80,800 | $89,750 | $96,950 | $104,150 | $111,300 | $118,500 |
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