What HUD offices serve Danvers, Massachusetts?
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 Massachusetts Public Housing and Low-Income Apartments Waiting Lists page for openings near Danvers.
How many renters live in Danvers, Massachusetts?
The City of Danvers has 27,910 people living in 11,147 households.
There are 6,686 renters living in 3,333 renter households in this City. Renters make up 23.96 percent of the population living in Danvers.
What is the rental market like in Danvers, Massachusetts?
There are an estimated 11,553 housing units in the Danvers area. Of these, 3,429 units are rental homes, making up 30 percent of the housing market. For every renter household in Danvers, Massachusetts, there are 1 rental units.
What is the vacancy rate for rentals in Danvers?
The rental vacancy rate in Danvers is 3 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 Danvers for each bedroom size?
Occupied Rental Units by Size in Danvers
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 237 | 1,223 | 1,392 | 336 | 145 |
Occupied Rental Units by Size in Danvers
A large number of apartments in Danvers 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 Danvers are overburdened by housing costs?
Among renter households in this market, 47 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 Danvers
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $2,212 to $3,765. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $2,212 |
| One BR | $2,377 |
| Two BR | $2,827 |
| Three BR | $3,418 |
| Four BR | $3,765 |
2024 Fair Market Rents in Danvers, Massachusetts
How many units are rented at Fair Market Rent (FMR) in Danvers?
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 | 97 | 41 percent |
| One BR | 530 | 43 percent |
| Two BR | 139 | 10 percent |
Rental Units Below FMR in Danvers, Massachusetts
How many affordable rental units are in Danvers?
There are a variety of federal affordable housing programs serving households in Danvers, Massachusetts including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 158 |
| Public Housing | 76 |
| Section 8 Project-Based Rental Assistance | 19 |
| Section 811 Supportive Housing for Persons with Disabilities | 36 |
Tracked Units by Federal Program in Danvers, Massachusetts
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Danvers, Massachusetts
Danvers features 151 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 Danvers, Massachusetts
There are 158 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Danvers.
Housing Choice Vouchers in Danvers, Massachusetts
On average, Section 8 Housing Choice vouchers pay Danvers landlords $1,100 per month towards rent. The average voucher holder contributes $500 towards rent in Danvers.
The maximum amount a voucher would pay on behalf of a low-income tenant in Danvers, Massachusetts for a two-bedroom apartment is between $2,544 and $3,110.
Sourced from federal housing data and AffordableHousingOnline.com research.
