How many renters live in Mechanic Falls, Maine?
The City of Mechanic Falls has 2,286 people living in 816 households.
There are 1,023 renters living in 330 renter households in this City. Renters make up 44.75 percent of the population living in Mechanic Falls.
What is the rental market like in Mechanic Falls, Maine?
There are an estimated 914 housing units in the Mechanic Falls area. Of these, 330 units are rental homes, making up 36 percent of the housing market. For every renter household in Mechanic Falls, Maine, there are 1 rental units.
What is the vacancy rate for rentals in Mechanic Falls?
The rental vacancy rate in Mechanic Falls 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 Mechanic Falls for each bedroom size?
Occupied Rental Units by Size in Mechanic Falls
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 29 | 74 | 124 | 27 |
Occupied Rental Units by Size in Mechanic Falls
A large number of apartments in Mechanic Falls 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 Mechanic Falls are overburdened by housing costs?
Among renter households in this market, 45 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 Mechanic Falls
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $756 to $1,635. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $756 |
| One BR | $877 |
| Two BR | $1,111 |
| Three BR | $1,462 |
| Four BR | $1,635 |
2024 Fair Market Rents in Mechanic Falls, Maine
How many units are rented at Fair Market Rent (FMR) in Mechanic Falls?
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 | 22 | 76 percent |
| Two BR | 55 | 74 percent |
Rental Units Below FMR in Mechanic Falls, Maine
How many affordable rental units are in Mechanic Falls?
There are a variety of federal affordable housing programs serving households in Mechanic Falls, Maine including the following:
| Federal Program | Unit Count |
| Public Housing | 11 |
| Section 8 Project-Based Rental Assistance | 24 |
| Section 811 Supportive Housing for Persons with Disabilities | 4 |
| USDA Section 515 Rural Rental Housing | 49 |
Tracked Units by Federal Program in Mechanic Falls, Maine
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Mechanic Falls, Maine
Mechanic Falls features 28 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 Mechanic Falls, Maine
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mechanic Falls.
Housing Choice Vouchers in Mechanic Falls, Maine
On average, Section 8 Housing Choice vouchers pay Mechanic Falls landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Mechanic Falls.
The maximum amount a voucher would pay on behalf of a low-income tenant in Mechanic Falls, Maine for a two-bedroom apartment is between $1,000 and $1,222.
Sourced from federal housing data and AffordableHousingOnline.com research.
