Dover a city in Strafford County, New Hampshire

This city is served by the Dover Housing Authority

Market Overview

Dover is a city in Strafford County, New Hampshire. The population of Dover, according to the 2010 Census, is 29,987. The total number of households in the city is 12,827. The average household size for Dover is 2.23. The total number of renter households in the city is 6,037 which means that 47.1% of households are renter households.

Dover’s Federally assisted affordable rental housing stock includes properties financed through the following programs:

ProgramPropertiesUnits
Section 8 2 128
LIHTC 5 357
Section 202 1 26
Public Housing 2 265
Total 7 509
Note: The total does not necessarily equal the sum of each program as some properties may participate in multiple funding programs.

The average number of units per property for affordable rentals in Dover is 72.70. The largest Federally assisted affordable rental community in the city is Langdon Place of Dover at 156 units and the smallest is Public Market at 4 unit(s). 2 apartment properties provide housing for seniors containing 104 units. Of the 509 units, 154 units include some form of rental assistance (like Section 8) to make rent more affordable for very low income families.

Federally Assisted Units By Property

Name Total Units
Redden Gardens 150
Westgate Village 130
Cocheco Park Apartments 78
Rutland Manor 50
Addison Place 45
Bellamy Mill 30
Covered Bridge Manor 26
† This Property is Federally Assisted though Unit Counts are not available from HUD.

Rental Assistance for Tenants in Dover

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties.

In Dover, there are 3 affordable housing properties providing rental assistance to 154 very low income households. In addition, Dover Housing Authority provides 347 Section 8 rental vouchers in Dover and the surrounding area.

To qualify for most rental assistance programs a renter must earn no more than 50% of the Area Median Income (AMI). In some cases, rental assistance is reserved for renters earning 30% or less of the AMI. In Dover, to qualify for Section 8 assistance, a renter household containing four persons must earn $44,050 or less. For some targeted rental assistance programs, a renter household of four can’t earn more than $26,450.

It’s important to remember that in many rental assistance programs there are minimum rent regulations requiring assistance recipients to make a minimum payment of between $25 and $50 per month no matter how low their income.

HUD Assistance Income Limits

Persons
1234
$30,850$35,250$39,650$44,050
Persons
1234
$18,550$21,200$23,850$26,450

Income Limits

All affordable housing programs provided by or through the government have maximum income limits to qualify for assistance. These income limits are typically derived from the Area Median Income (AMI), the theoretical family income of the average household in a given geography.

The AMI is updated each year for each geographical area taking into consideration numerous economic indicators. The geographical areas used for establishing the AMI are either Metropolitan Statistical Areas (MSA’s) or counties.

Dover is in the Strafford County, NH MSA. The 2014 Area Median Income for a family of four in Dover is $84,300.

The income limits used for Section 8, public housing, Low Income Housing Tax Credits. the HOME program and other Federal programs all are derived from the HUD defined AMI.

Low Income Housing Tax Credit Income Limits

Persons
1234
$37,020$42,300$47,580$52,860
Persons
1234
$30,850$35,250$39,650$44,050
Persons
1234
$24,680$28,200$31,720$35,240
Persons
1234
$18,510$21,150$23,790$26,430

Rent Limits For Affordable Rental Housing

All apartment units that receive Federal assistance whether that assistance is used to subsidize rents or the cost of construction and development, have dollar limits on the amount of rent a landlord may charge each month. These rent limits are based on the incomes of the renters the property is meant to serve.

As we explained in the income limits section, the maximum income a renter can earn to qualify is based on the Area Median income for the market where the apartment community is located. Likewise, the maximum rent is usually determined by multiplying the annual income limit by 30% (the National housing affordability standard) and dividing by 12 months.

In Dover, a family of four that qualifies for a three bedroom apartment under the Low Income Housing Tax Credit program will not pay more than $1,375. Rent limits can range greatly within the same apartment community. If the same apartment property in this example also targets persons earning less than 30% of AMI, our four person family’s 68 year old neighbor who earns less than $18,510 will never pay more than $496.

Low Income Housing Tax Credit Rent Limits

Bedrooms
01234
$926$992$1,190$1,375$1,533
Bedrooms
01234
$771$826$991$1,146$1,278
Bedrooms
01234
$617$661$793$916$1,022
Bedrooms
01234
$463$496$595$687$767

Fair Market Rents (FMR)

HUD establishes a Fair Market Rent each year for each Metropolitan Statistical Area in the country. This rent standard is used to establish payment limits for Section 8 Housing Choice Vouchers, maximum rents in HOME financed rental projects and initial or renewal rents for Section 8 project based assistance. HUD establishes FMR’s for 530 MSA’s and 2,045 counties nationwide each fiscal year.

The FMR is largely a statistical derivative of the US Census Bureau's American Community Survey (ACS) 5 year estimates for 2 bedroom median rent. For the most part, in Dover, a landlord with a two bedroom apartment to rent, could not receive more than $1,065. Likewise, a renter in need of a 3 bedroom apartment with a Section 8 voucher would have to find a rental in Dover that rented for less than $1,459.

2014 Fair Market Rents

Bedrooms
01234
$718 $838 $1,065 $1,459 $1,523

Fair Market Rent Year Over Year Change

The affordable housing industry has long used the FMR as barometer for local rents. Though the geographic areas FMR’s are based on are broad and there are often wide variations in neighborhood rents throughout an MSA, in general, the FMR is one of the best quick tools one can use to judge housing costs in a place.

We took a look at historic FMR’s in Dover and found that they have risen an average of 3.24% year over year. The first year in our sample is 1985 when the two bedroom FMR was $431. That same 2 bedroom apartment rent had increased to $1088 by 2013. In 1986 the two bedroom FMR in Dover saw it’s largest single year increase going up by 17.87%.

It’s also interesting to look at the FMR compared to the Consumer Price Index’s housing index to understand how Dover rents have fluctuated in comparison to the rest of the Nation. The consumer price index grew an average of 2.68% year over year. The two bedroom FMR in Dover has remained in step with National housing inflation costs.

The largest single year of 2 bedroom FMR growth was in 1986 at 17.87% while the smallest year of growth was 1994 with a 3.01% decrease.

29,987

Population

2.23

Average Household Size

12,263

Total Renters

6,037

Renter Households

High Renter
(85th percentile)

Renters or Owners

47.1%

% of Renter Households

509

Federally Assisted Units

7

Federally Assisted Projects

5/357

Tax Credit Projects/Units

2/128

Section 8 Projects/Units

1/26

Section 202 Projects/Units

2/104

Senior Projects/Units

154

Units with Project Based Rent Subsidy

72.7

Average Units Per Property

$943

Median Rent

$72,797

Median Family Income

50.3%

Renters Overburdened

$71,925,600/year

Gross Rent Paid By All Renters

11.1%

Renters with No Vehicle

5.3%

Renters Below Poverty Level

12.2%

Renters Who Taxi, Bike, or Walk to Work

1.9%

Renters Who Use Public Transit to Work

23.9%

Renters With Children

327

Vacant Units For Rent

5.1%

Vacancy Rate

9.4%

Units With Utilities Included In Rent

Dover Housing Authority

Housing Authority