What HUD offices serve Port Deposit, Maryland?
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.
Go to the Maryland Public Housing and Low-Income Apartments Waiting Lists page for openings near Port Deposit.
How many renters live in Port Deposit, Maryland?
The City of Port Deposit has 587 people living in 285 households.
There are 281 renters living in 135 renter households in this City. Renters make up 47.87 percent of the population living in Port Deposit.
What is the rental market like in Port Deposit, Maryland?
There are an estimated 455 housing units in the Port Deposit area. Of these, 182 units are rental homes, making up 40 percent of the housing market. For every renter household in Port Deposit, Maryland, there are 1 rental units.
What is the vacancy rate for rentals in Port Deposit?
The rental vacancy rate in Port Deposit is 26 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Port Deposit for each bedroom size?
Occupied Rental Units by Size in Port Deposit
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 38 | 45 | 36 | 5 |
Occupied Rental Units by Size in Port Deposit
A large number of apartments in Port Deposit 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 Port Deposit are overburdened by housing costs?
Among renter households in this market, 36 percent have housing cost burden. Further, 23 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 Port Deposit
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,303 to $2,422. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,303 |
| One BR | $1,451 |
| Two BR | $1,737 |
| Three BR | $2,100 |
| Four BR | $2,422 |
2024 Fair Market Rents in Port Deposit, Maryland
How many units are rented at Fair Market Rent (FMR) in Port Deposit?
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 | 37 | 97 percent |
| Two BR | 26 | 58 percent |
Rental Units Below FMR in Port Deposit, Maryland
How many affordable rental units are in Port Deposit?
There are a variety of federal affordable housing programs serving households in Port Deposit, Maryland including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 31 |
| Section 8 Project-Based Rental Assistance | 18 |
Tracked Units by Federal Program in Port Deposit, Maryland
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Port Deposit, Maryland
Port Deposit features 62 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 Port Deposit, Maryland
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Port Deposit.
Housing Choice Vouchers in Port Deposit, Maryland
On average, Section 8 Housing Choice vouchers pay Port Deposit landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Port Deposit.
The maximum amount a voucher would pay on behalf of a low-income tenant in Port Deposit, Maryland for a two-bedroom apartment is between $1,563 and $1,911.
Sourced from federal housing data and AffordableHousingOnline.com research.
