What HUD offices serve Old Orchard Beach, 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.
Go to the Maine Public Housing and Low-Income Apartments Waiting Lists page for openings near Old Orchard Beach.
How many renters live in Old Orchard Beach, Maine?
The City of Old Orchard Beach has 9,040 people living in 5,224 households.
There are 2,316 renters living in 1,531 renter households in this City. Renters make up 25.62 percent of the population living in Old Orchard Beach.
What is the rental market like in Old Orchard Beach, Maine?
There are an estimated 7,249 housing units in the Old Orchard Beach area. Of these, 1,764 units are rental homes, making up 24 percent of the housing market. For every renter household in Old Orchard Beach, Maine, there are 1 rental units.
What is the vacancy rate for rentals in Old Orchard Beach?
The rental vacancy rate in Old Orchard Beach is 10 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 Old Orchard Beach for each bedroom size?
Occupied Rental Units by Size in Old Orchard Beach
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 83 | 666 | 680 | 70 | 32 |
Occupied Rental Units by Size in Old Orchard Beach
A large number of apartments in Old Orchard Beach 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 Old Orchard Beach are overburdened by housing costs?
Among renter households in this market, 46 percent have housing cost burden. Further, 23 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 Old Orchard Beach
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,023 to $2,033. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,023 |
| One BR | $1,136 |
| Two BR | $1,416 |
| Three BR | $1,853 |
| Four BR | $2,033 |
2024 Fair Market Rents in Old Orchard Beach, Maine
How many units are rented at Fair Market Rent (FMR) in Old Orchard Beach?
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 | 83 | 100 percent |
| One BR | 614 | 92 percent |
| Two BR | 453 | 67 percent |
Rental Units Below FMR in Old Orchard Beach, Maine
How many affordable rental units are in Old Orchard Beach?
There are a variety of federal affordable housing programs serving households in Old Orchard Beach, Maine including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 179 |
| Section 8 Project-Based Rental Assistance | 218 |
Tracked Units by Federal Program in Old Orchard Beach, Maine
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Old Orchard Beach, Maine
Old Orchard Beach features 146 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 Old Orchard Beach, Maine
There are 148 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Old Orchard Beach.
Housing Choice Vouchers in Old Orchard Beach, Maine
On average, Section 8 Housing Choice vouchers pay Old Orchard Beach landlords $1,200 per month towards rent. The average voucher holder contributes $300 towards rent in Old Orchard Beach.
The maximum amount a voucher would pay on behalf of a low-income tenant in Old Orchard Beach, Maine for a two-bedroom apartment is between $1,751 and $2,141.
Sourced from federal housing data and AffordableHousingOnline.com research.
