Low Income Apartments and Affordable Housing For Rent in Essex Junction, VT

Discover affordable housing in Essex Junction where there are 6+ 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.

Hawks Meadow

17 Carmichael St, Essex Junction, Vermont 05452

Town Meadow Senior Housing

22 Carmichael Street, Essex Junction, Vermont 05452

Monarch Apartments

203 Pearl St, Essex Junction, Vermont 05452

Whitcomb Woods

128 West Street, Essex Junction, Vermont 5452

Cedars Edge Apartments

47 Susie Wilson Rd, Essex Junction, Vermont 05452

Essex Town Center

Whittier Rt 15, Essex Junction, Vermont 05452

calendar_today Opens: Apr 1

Reported On March 19th, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Essex Junction, Vermont
$35.74/hour
$22.07 (+161%) more than Vermont minimum wage and $28.49 (+393%) more than the Federal minimum wage.
Learn More About Essex Junction, Vermont Affordable Housing ↓

What HUD offices serve Essex Junction, Vermont?

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) programs for Essex Junction, Vermont.

Go to the Vermont Public Housing and Low-Income Apartments Waiting Lists page for openings near Essex Junction.

How many renters live in Essex Junction, Vermont?

The City of Essex Junction has 10,646 people living in 4,604 households.

There are 3,299 renters living in 1,819 renter households in this City. Renters make up 30.99 percent of the population living in Essex Junction.

What is the rental market like in Essex Junction, Vermont?

There are an estimated 4,779 housing units in the Essex Junction area. Of these, 1,902 units are rental homes, making up 40 percent of the housing market. For every renter household in Essex Junction, Vermont, there are 1 rental units.

What is the vacancy rate for rentals in Essex Junction?

The rental vacancy rate in Essex Junction is 2 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 Essex Junction for each bedroom size?

Occupied Rental Units by Size in Essex Junction
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
114 524 1,047 129 5
Occupied Rental Units by Size in Essex Junction

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

Among renter households in this market, 59 percent have housing cost burden. Further, 26 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 Essex Junction

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,341 to $2,513. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,341
One BR $1,441
Two BR $1,887
Three BR $2,390
Four BR $2,513
2024 Fair Market Rents in Essex Junction, Vermont

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

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 72 63 percent
One BR 369 70 percent
Two BR 447 43 percent
Rental Units Below FMR in Essex Junction, Vermont

How many affordable rental units are in Essex Junction?

There are a variety of federal affordable housing programs serving households in Essex Junction, Vermont including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 104
Section 8 Project-Based Rental Assistance 64
Tracked Units by Federal Program in Essex Junction, Vermont

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

Income Based Apartments in Essex Junction, Vermont

Essex Junction features 112 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 Essex Junction, Vermont

There are 153 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Essex Junction.

Housing Choice Vouchers in Essex Junction, Vermont

On average, Section 8 Housing Choice vouchers pay Essex Junction landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Essex Junction.

The maximum amount a voucher would pay on behalf of a low-income tenant in Essex Junction, Vermont for a two-bedroom apartment is between $1,698 and $2,076.

Sourced from federal housing data and AffordableHousingOnline.com research.