What HUD offices serve Medford, 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 Medford.
How many renters live in Medford, Massachusetts?
The City of Medford has 61,748 people living in 25,359 households.
There are 26,864 renters living in 11,839 renter households in this City. Renters make up 43.51 percent of the population living in Medford.
What is the rental market like in Medford, Massachusetts?
There are an estimated 26,761 housing units in the Medford area. Of these, 12,278 units are rental homes, making up 46 percent of the housing market. For every renter household in Medford, Massachusetts, there are 1 rental units.
What is the vacancy rate for rentals in Medford?
The rental vacancy rate in Medford 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 Medford for each bedroom size?
Occupied Rental Units by Size in Medford
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 442 | 2,802 | 5,095 | 2,314 | 847 |
Occupied Rental Units by Size in Medford
A large number of apartments in Medford 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 Medford are overburdened by housing costs?
Among renter households in this market, 37 percent have housing cost burden. Further, 19 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 Medford
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 Medford, Massachusetts
How many units are rented at Fair Market Rent (FMR) in Medford?
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 | 196 | 44 percent |
| One BR | 1,169 | 42 percent |
| Two BR | 640 | 13 percent |
Rental Units Below FMR in Medford, Massachusetts
How many affordable rental units are in Medford?
There are a variety of federal affordable housing programs serving households in Medford, Massachusetts including the following:
| Federal Program | Unit Count |
| Public Housing | 497 |
| Section 8 Project-Based Rental Assistance | 233 |
| Section 811 Supportive Housing for Persons with Disabilities | 9 |
Tracked Units by Federal Program in Medford, Massachusetts
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Medford, Massachusetts
Medford features 937 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 Medford, Massachusetts
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Medford.
Housing Choice Vouchers in Medford, Massachusetts
On average, Section 8 Housing Choice vouchers pay Medford landlords $1,100 per month towards rent. The average voucher holder contributes $500 towards rent in Medford.
The maximum amount a voucher would pay on behalf of a low-income tenant in Medford, Massachusetts for a two-bedroom apartment is between $2,544 and $3,110.
Sourced from federal housing data and AffordableHousingOnline.com research.
