Low Income Apartments and Affordable Housing For Rent in Laconia, NH

Discover affordable housing in Laconia where there are 13+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Wingate Village

103 Blueberry Lane, Laconia, New Hampshire 03246

Lake Village Apartments

765 Union Ave, Laconia, New Hampshire 3246

River's Edge

126 Union Ave, Laconia, New Hampshire 03246

Blueberry Place

57 Blueberry Ln, Laconia, New Hampshire 3246

Victoria Woods

16 Charlevoix Pl, Laconia, New Hampshire 03246

Scott Mill

22 Strafford St, Laconia, New Hampshire 03246

Mechanic School

19 Hawthorne St, Laconia, New Hampshire 03246

Sunrise Towers

25 Union Ave, Laconia, New Hampshire 03246

Millview

117 Union Ave, Laconia, New Hampshire 03246

Tavern

7 Church St, Laconia, New Hampshire 03246

Pine Hill

41 Merrimac St, Laconia, New Hampshire 03246

Avery Hill

11 Lougee Ct, Laconia, New Hampshire 03246

Avery St - Laconia

Avery St, Laconia, New Hampshire 3246

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Laconia, New Hampshire
$25.17/hour
$17.92 (+247%) more than New Hampshire minimum wage and $17.92 (+247%) more than the Federal minimum wage.
Learn More About Laconia, New Hampshire Affordable Housing ↓

What HUD offices serve Laconia, New Hampshire?

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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Laconia, New Hampshire.

Go to the New Hampshire Public Housing and Low-Income Apartments Waiting Lists page for openings near Laconia.

How many renters live in Laconia, New Hampshire?

The City of Laconia has 16,898 people living in 6,965 households.

There are 6,142 renters living in 2,870 renter households in this City. Renters make up 36.35 percent of the population living in Laconia.

What is the rental market like in Laconia, New Hampshire?

There are an estimated 10,073 housing units in the Laconia area. Of these, 3,023 units are rental homes, making up 30 percent of the housing market. For every renter household in Laconia, New Hampshire, there are 1 rental units.

What is the vacancy rate for rentals in Laconia?

The rental vacancy rate in Laconia is 4 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 Laconia for each bedroom size?

Occupied Rental Units by Size in Laconia
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
296 756 1,125 485 187
Occupied Rental Units by Size in Laconia

A large number of apartments in Laconia 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 Laconia are overburdened by housing costs?

Among renter households in this market, 50 percent have housing cost burden. Further, 25 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 Laconia

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $906 to $2,019. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $906
One BR $1,058
Two BR $1,329
Three BR $1,710
Four BR $2,019
2024 Fair Market Rents in Laconia, New Hampshire

How many units are rented at Fair Market Rent (FMR) in Laconia?

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 170 57 percent
One BR 393 52 percent
Two BR 576 51 percent
Rental Units Below FMR in Laconia, New Hampshire

How many affordable rental units are in Laconia?

There are a variety of federal affordable housing programs serving households in Laconia, New Hampshire including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 388
Section 8 Project-Based Rental Assistance 129
USDA Section 515 Rural Rental Housing 28
Tracked Units by Federal Program in Laconia, New Hampshire

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Laconia, New Hampshire

Laconia features 337 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 Laconia, New Hampshire

There are 211 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Laconia.

Housing Choice Vouchers in Laconia, New Hampshire

On average, Section 8 Housing Choice vouchers pay Laconia landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Laconia.

The maximum amount a voucher would pay on behalf of a low-income tenant in Laconia, New Hampshire for a two-bedroom apartment is between $1,196 and $1,462.

Sourced from federal housing data and AffordableHousingOnline.com research.