Affordable Housing In Topsham
Sagadahoc County, Maine

5 Low Income Apartment Communities In Topsham

River Landing

29 Elm St
Topsham, ME
Income Based
1-2 BR
HCV Welcome

Barron's Hill Apartments I

23 Winter St
Topsham, ME
Call For Rent
1-2 BR

Barron's Hill Apartments II

24 Winter St I-N
Topsham, ME
Income Based
1-2 BR

Westrum House

22 Union Park Rd
Topsham, ME
Call For Rent
1 BR
Elderly Supportive Housing

Whispering Pines

53 Winter St
Topsham, ME
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Housing Authorities that serve Topsham

Housing Authority Programs
Maine State Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Topsham, Maine

According to federal housing data and research, there are 5 low income housing apartment communities offering 170 affordable apartments for rent in Topsham, Maine. Topsham features 78 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 68 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Topsham.

Topsham, ME Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 170
Total Housing Units with Rental Assistance 78
Percentage of Housing Units Occupied By Renters 25.58%
Average Renter Household Size 1.80
Average Household Size 2.34
Median Household Income $60,785 ±$7,416
Median Rent $796 ±$112
Percentage Of Renters Overburdened 37.84% ± 15.87pp
Total Population 6,483

Population and Household Demographics

Topsham is a City in Sagadahoc County, Maine with a population of 6,483. There are 2,717 households in the city with an average household size of 2.34 persons. 25.58% of households in Topsham are renters.

Income and Rent Overburden in Topsham

The median gross income for households in Topsham is $60,785 a year, or $5,065 a month. The median rent for the city is $796 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Topsham, a household making less than $2,653 a month would be considered overburdened when renting an apartment at or above the median rent. 37.84% of households who rent are overburdened in Topsham.1

Area Median Income In Topsham

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 Topsham, the AMI is calculated from all households within Sagadahoc County.

In Topsham, HUD calculates the Area Median Income for a family of four as $73,900

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 Topsham

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 Topsham HUD Rental Assistance in Topsham

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,550 $17,750 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,900 $29,600 $33,300 $36,950 $39,950 $42,900 $45,850 $48,800
80% of Median $41,400 $47,300 $53,200 $59,100 $63,850 $68,600 $73,300 $78,050

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Topsham

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $25,900 $29,600 $33,300 $36,950 $39,950 $42,900 $45,850 $48,800
60% of Median $31,080 $35,520 $39,960 $44,340 $47,940 $51,480 $55,020 $58,560

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Topsham is $39,960 a year, or $3,330 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,330 by 30% to get a maximum rent of $999 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $648 $694 $833 $961 $1,073 $1,183
60% $777 $833 $999 $1,154 $1,287 $1,420
Fair Market Rents in Topsham

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$648 $798 $961 $1,258 $1,302