What HUD offices serve Lawrence, Massachusetts?
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 Massachusetts Public Housing and Low-Income Apartments Waiting Lists page for openings near Lawrence.
How many renters live in Lawrence, Massachusetts?
The City of Lawrence has people living in households.
There are renters living in renter households in this City. Renters make up 68.58 percent of the population living in Lawrence.
What is the rental market like in Lawrence, Massachusetts?
There are an estimated housing units in the Lawrence area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lawrence, Massachusetts, there are 1.03 rental units.
What is the vacancy rate for rentals in Lawrence?
The rental vacancy rate in Lawrence is 3 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 Lawrence for each bedroom size?
Occupied Rental Units by Size in Lawrence
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 1,183 3,360 7,410 7,793 1,379 Occupied Rental Units by Size in Lawrence
A large number of apartments in Lawrence have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Lawrence
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,299 to $2,553. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $1,299 One BR $1,483 Two BR $1,917 Three BR $2,329 Four BR $2,553 2024 Fair Market Rents in Lawrence, Massachusetts
How many units are rented at Fair Market Rent (FMR) in Lawrence?
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 Studio 658 56 percent One BR 1,786 53 percent Two BR 3,314 45 percent Rental Units Below FMR in Lawrence, Massachusetts
How many affordable rental units are in Lawrence?
There are a variety of federal affordable housing programs serving households in
Lawrence, Massachusetts including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Public Housing Section 8 Project-Based Rental Assistance Mod Rehab Project-Based Rental Assistance Section 811 Supportive Housing for Persons with Disabilities Tracked Units by Federal Program in Lawrence, Massachusetts
Income Based Apartments in Lawrence, Massachusetts
Lawrence features 2,025 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 Lawrence, Massachusetts
There are 1,263 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lawrence.
Housing Choice Vouchers in Lawrence, Massachusetts
On average, Section 8 Housing Choice vouchers pay Lawrence landlords $900 per month towards rent. The average voucher holder contributes $500 towards rent in Lawrence.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lawrence, Massachusetts for a two-bedroom apartment is between $1,725 and $2,109.
Sourced from federal housing data and AffordableHousingOnline.com research.