Low Income Apartments and Affordable Housing For Rent in Proctorsville, VT

Discover affordable housing in Proctorsville where there are 2+ 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.

Proctorsville Green - Mf

7 Depot St, Proctorsville, Vermont 05153

Proctorsville Green Housing

7 Deot St, Proctorsville, Vermont 0

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 Proctorsville, Vermont
$24.62/hour
$10.95 (+80%) more than Vermont minimum wage and $17.37 (+240%) more than the Federal minimum wage.
Learn More About Proctorsville, Vermont Affordable Housing ↓

What HUD offices serve Proctorsville, 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 Proctorsville, Vermont.

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

How many renters live in Proctorsville, Vermont?

The City of Proctorsville has 359 people living in 116 households.

There are 168 renters living in 52 renter households in this City. Renters make up 46.8 percent of the population living in Proctorsville.

What is the rental market like in Proctorsville, Vermont?

There are an estimated 293 housing units in the Proctorsville area. Of these, 52 units are rental homes, making up 18 percent of the housing market. For every renter household in Proctorsville, Vermont, there are 1 rental units.

What is the vacancy rate for rentals in Proctorsville?

The rental vacancy rate in Proctorsville 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 Proctorsville for each bedroom size?

Occupied Rental Units by Size in Proctorsville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 13 29 8 0
Occupied Rental Units by Size in Proctorsville

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

Among renter households in this market, 38 percent have housing cost burden. Further, 19 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 Proctorsville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,039 to $1,731. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,039
One BR $1,136
Two BR $1,300
Three BR $1,725
Four BR $1,731
2024 Fair Market Rents in Proctorsville, Vermont

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

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 13 100 percent
Two BR 17 59 percent
Rental Units Below FMR in Proctorsville, Vermont

How many affordable rental units are in Proctorsville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 16
USDA Section 515 Rural Rental Housing 10
Tracked Units by Federal Program in Proctorsville, Vermont

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

Income Based Apartments in Proctorsville, Vermont

Proctorsville features 20 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 Proctorsville, Vermont

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Proctorsville.

Housing Choice Vouchers in Proctorsville, Vermont

On average, Section 8 Housing Choice vouchers pay Proctorsville landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Proctorsville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Proctorsville, Vermont for a two-bedroom apartment is between $1,170 and $1,430.

Sourced from federal housing data and AffordableHousingOnline.com research.