Lisbon Falls, Maine Affordable Housing

Affordable Housing programs support 48 income based apartments in Lisbon Falls where households pay rent based on how much they earn.

There are 0 affordable apartments in Lisbon Falls that offer reduced rents to low-income households.

Waiting Lists in Lisbon Falls, Maine

There are no open Section 8 Housing Choice Voucher waiting lists in Lisbon Falls. Go to the Maine Section 8 Waiting Lists page for openings near Lisbon Falls.

Woodgate Apartments

49 Wing St
Lisbon Falls, Maine
Call For Rent
1 BR
Rent Assisted
Showing Results 1-10
  • «
  • 1
  • »

Affordable Housing Near Lisbon Falls

View affordable apartments and waiting lists in cities near Lisbon Falls

City Apartments
Lewiston, ME Affordable Housing programs support 27 apartment communities in Lewiston.
Auburn, ME Affordable Housing programs support 12 apartment communities in Auburn.
Lisbon, ME Affordable Housing programs support 5 apartment communities in Lisbon.
Livermore Falls, ME Affordable Housing programs support 3 apartment communities in Livermore Falls.
Mechanic Falls, ME Affordable Housing programs support 2 apartment communities in Mechanic Falls.

Lisbon Falls, Maine Affordable Housing Data

Income Based Apartments in Lisbon Falls, Maine

Lisbon Falls features 48 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 Lisbon Falls, Maine

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

Housing Choice Vouchers in Lisbon Falls, Maine

On average, Section 8 Housing Choice vouchers pay Lisbon Falls landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Lisbon Falls.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lisbon Falls, Maine for a two-bedroom apartment is between $954 and $1,166.

2023 Lisbon Falls, Maine Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Lisbon Falls, Maine Fair Market Rent $747 $834 $1,060 $1,393 $1,576
Lisbon Falls, Maine Payment Standard Range $672 to $822 $751 to $917 $954 to $1,166 $1,254 to $1,532 $1,418 to $1,734

Sourced from federal housing data and AffordableHousingOnline.com research.

Lisbon Falls, ME Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 48
Total Housing Units with Rental Assistance 48
Percentage of Housing Units Occupied By Renters 33.35%
Average Renter Household Size 2.04
Average Household Size 2.59
Median Household Income $54,583 ±$6,360
Median Rent $694 ±$65
Percentage Of Renters Overburdened 36.6% ± 14.51pp
Total Population 4,128

Population and Household Demographics

Lisbon Falls is a city in Androscoggin County, Maine with a population of 4,128. There are 1,589 households in the city with an average household size of 2.59 persons. 33.35% of households in Lisbon Falls are renters.

Income and Rent Overburden in Lisbon Falls

The median gross income for households in Lisbon Falls is $54,583 a year, or $4,549 a month. The median rent for the city is $694 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lisbon Falls, a household making less than $2,313 a month would be considered overburdened when renting an apartment at or above the median rent. 36.6% of households who rent are overburdened in Lisbon Falls.

Area Median Income In Lisbon Falls

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Lisbon Falls, the AMI is calculated from all households within Androscoggin County.

In Lisbon Falls, HUD calculates the Area Median Income for a family of four as $83,600

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Lisbon Falls

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 for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Lisbon Falls

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Lisbon Falls AMI may qualify for rental assistance programs that target Extremely Low Income households.
$16,750 $19,150 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Lisbon Falls AMI may qualify for rental assistance programs that target Very Low Income households.
$27,900 $31,850 $35,850 $39,800 $43,000 $46,200 $49,400 $52,550
80% AMI Income Limits
Renters earning up to 80% of the Lisbon Falls AMI may qualify for rental assistance programs that target Low Income households.
$44,600 $51,000 $57,350 $63,700 $68,800 $73,900 $79,000 $84,100