What HUD offices serve Newmarket, 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.
Go to the New Hampshire Public Housing and Low-Income Apartments Waiting Lists page for openings near Newmarket.
How many renters live in Newmarket, New Hampshire?
The City of Newmarket has 5,829 people living in 2,734 households.
There are 2,916 renters living in 1,564 renter households in this City. Renters make up 50.03 percent of the population living in Newmarket.
What is the rental market like in Newmarket, New Hampshire?
There are an estimated 2,881 housing units in the Newmarket area. Of these, 1,648 units are rental homes, making up 57 percent of the housing market. For every renter household in Newmarket, New Hampshire, there are 1 rental units.
What is the vacancy rate for rentals in Newmarket?
The rental vacancy rate in Newmarket is 0 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 Newmarket for each bedroom size?
Occupied Rental Units by Size in Newmarket
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 27 | 365 | 939 | 142 | 91 |
Occupied Rental Units by Size in Newmarket
A large number of apartments in Newmarket 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 Newmarket are overburdened by housing costs?
Among renter households in this market, 42 percent have housing cost burden. Further, 14 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 Newmarket
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,299 to $2,553. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,299 |
| One BR | $1,483 |
| Two BR | $1,917 |
| Three BR | $2,329 |
| Four BR | $2,553 |
2024 Fair Market Rents in Newmarket, New Hampshire
How many units are rented at Fair Market Rent (FMR) in Newmarket?
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 | 15 | 56 percent |
| One BR | 211 | 58 percent |
| Two BR | 389 | 41 percent |
Rental Units Below FMR in Newmarket, New Hampshire
How many affordable rental units are in Newmarket?
There are a variety of federal affordable housing programs serving households in Newmarket, New Hampshire including the following:
| Federal Program | Unit Count |
| Public Housing | 50 |
| Section 8 Project-Based Rental Assistance | 27 |
Tracked Units by Federal Program in Newmarket, New Hampshire
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Newmarket, New Hampshire
Newmarket features 77 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 Newmarket, New Hampshire
There are 87 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Newmarket.
Housing Choice Vouchers in Newmarket, New Hampshire
On average, Section 8 Housing Choice vouchers pay Newmarket landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Newmarket.
The maximum amount a voucher would pay on behalf of a low-income tenant in Newmarket, New Hampshire for a two-bedroom apartment is between $1,803 and $2,203.
Sourced from federal housing data and AffordableHousingOnline.com research.
