Low Income Apartments and Affordable Housing For Rent in Damariscotta, ME

Discover affordable housing in Damariscotta where there are 5+ 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.

Pond Circle

10 Pond Circle, Damariscotta, Maine 04543

Ledgewood Court

207 Ledgewood Court Drive, Damariscotta, Maine 04543

Biscay Road Residence

4 Jackies Trl, Damariscotta, Maine 04543

Coastal Economic Development Corp

Piper Mill Rd, Damariscotta, Maine 04543

High Meadow Apartments

10 Meadow Ct, Damariscotta, Maine 04543

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Damariscotta, Maine
$22.41/hour
$8.26 (+58%) more than Maine minimum wage and $15.16 (+209%) more than the Federal minimum wage.
Learn More About Damariscotta, Maine Affordable Housing ↓

What HUD offices serve Damariscotta, Maine?

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) programs for Damariscotta, Maine.

Go to the Maine Public Housing and Low-Income Apartments Waiting Lists page for openings near Damariscotta.

How many renters live in Damariscotta, Maine?

The City of Damariscotta has 1,267 people living in 538 households.

There are 610 renters living in 250 renter households in this City. Renters make up 48.15 percent of the population living in Damariscotta.

What is the rental market like in Damariscotta, Maine?

There are an estimated 661 housing units in the Damariscotta area. Of these, 250 units are rental homes, making up 38 percent of the housing market. For every renter household in Damariscotta, Maine, there are 1 rental units.

What is the vacancy rate for rentals in Damariscotta?

The rental vacancy rate in Damariscotta is 0 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 Damariscotta for each bedroom size?

Occupied Rental Units by Size in Damariscotta
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
17 111 73 43 6
Occupied Rental Units by Size in Damariscotta

A large number of apartments in Damariscotta 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 Damariscotta are overburdened by housing costs?

Among renter households in this market, 57 percent have housing cost burden. Further, 18 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 Damariscotta

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $942 to $1,654. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $942
One BR $978
Two BR $1,183
Three BR $1,575
Four BR $1,654
2024 Fair Market Rents in Damariscotta, Maine

How many units are rented at Fair Market Rent (FMR) in Damariscotta?

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 0 100 percent
One BR 91 82 percent
Two BR 52 71 percent
Rental Units Below FMR in Damariscotta, Maine

How many affordable rental units are in Damariscotta?

There are a variety of federal affordable housing programs serving households in Damariscotta, Maine including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 37
Section 8 Project-Based Rental Assistance 1
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Damariscotta, Maine

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

Income Based Apartments in Damariscotta, Maine

Damariscotta features 66 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 Damariscotta, Maine

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Damariscotta.

Housing Choice Vouchers in Damariscotta, Maine

On average, Section 8 Housing Choice vouchers pay Damariscotta landlords $1,200 per month towards rent. The average voucher holder contributes $300 towards rent in Damariscotta.

The maximum amount a voucher would pay on behalf of a low-income tenant in Damariscotta, Maine for a two-bedroom apartment is between $1,065 and $1,301.

Sourced from federal housing data and AffordableHousingOnline.com research.