What HUD offices serve Revere, 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 Revere.
How many renters live in Revere, Massachusetts?
The City of Revere has people living in households.
There are renters living in renter households in this City. Renters make up 42.91 percent of the population living in Revere.
What is the rental market like in Revere, Massachusetts?
There are an estimated housing units in the Revere area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Revere, Massachusetts, there are 1.08 rental units.
What is the vacancy rate for rentals in Revere?
The rental vacancy rate in Revere is 6 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 Revere for each bedroom size?
Occupied Rental Units by Size in Revere
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 1,066 | 3,565 | 3,862 | 1,739 | 305 |
Occupied Rental Units by Size in Revere
A large number of apartments in Revere have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Revere
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 Revere, Massachusetts
How many units are rented at Fair Market Rent (FMR) in Revere?
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 | 592 | 56 percent |
| One BR | 1,544 | 43 percent |
| Two BR | 1,283 | 33 percent |
Rental Units Below FMR in Revere, Massachusetts
How many affordable rental units are in Revere?
There are a variety of federal affordable housing programs serving households in Revere, Massachusetts including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| Section 811 Supportive Housing for Persons with Disabilities |
Tracked Units by Federal Program in Revere, Massachusetts
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Revere, Massachusetts
Revere features 812 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 Revere, Massachusetts
There are 176 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Revere.
Housing Choice Vouchers in Revere, Massachusetts
On average, Section 8 Housing Choice vouchers pay Revere landlords $1,200 per month towards rent. The average voucher holder contributes $500 towards rent in Revere.
The maximum amount a voucher would pay on behalf of a low-income tenant in Revere, Massachusetts for a two-bedroom apartment is between $2,544 and $3,110.
Sourced from federal housing data and AffordableHousingOnline.com research.
