What HUD offices serve Sharon, 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 Sharon.
How many renters live in Sharon, Massachusetts?
The City of Sharon has 5,983 people living in 1,993 households.
There are 506 renters living in 183 renter households in this City. Renters make up 8.46 percent of the population living in Sharon.
What is the rental market like in Sharon, Massachusetts?
There are an estimated 2,097 housing units in the Sharon area. Of these, 229 units are rental homes, making up 11 percent of the housing market. For every renter household in Sharon, Massachusetts, there are 1 rental units.
What is the vacancy rate for rentals in Sharon?
The rental vacancy rate in Sharon is 20 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 Sharon for each bedroom size?
Occupied Rental Units by Size in Sharon
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 69 | 91 | 9 | 14 |
Occupied Rental Units by Size in Sharon
A large number of apartments in Sharon 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 Sharon are overburdened by housing costs?
Among renter households in this market, 49 percent have housing cost burden. Further, 21 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 Sharon
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,393 to $2,778. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,393 |
| One BR | $1,488 |
| Two BR | $1,955 |
| Three BR | $2,479 |
| Four BR | $2,778 |
2024 Fair Market Rents in Sharon, Massachusetts
How many units are rented at Fair Market Rent (FMR) in Sharon?
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 |
| One BR | 0 | 100 percent |
| Two BR | 8 | 9 percent |
Rental Units Below FMR in Sharon, Massachusetts
How many affordable rental units are in Sharon?
There are a variety of federal affordable housing programs serving households in Sharon, Massachusetts including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 15 |
Tracked Units by Federal Program in Sharon, Massachusetts
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Sharon, Massachusetts
Sharon features 99 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 Sharon, Massachusetts
There are 75 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sharon.
Housing Choice Vouchers in Sharon, Massachusetts
On average, Section 8 Housing Choice vouchers pay Sharon landlords $1,100 per month towards rent. The average voucher holder contributes $500 towards rent in Sharon.
The maximum amount a voucher would pay on behalf of a low-income tenant in Sharon, Massachusetts for a two-bedroom apartment is between $2,544 and $3,110.
Sourced from federal housing data and AffordableHousingOnline.com research.
