What HUD offices serve Lambertville, Michigan?
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 Michigan Public Housing and Low-Income Apartments Waiting Lists page for openings near Lambertville.
How many renters live in Lambertville, Michigan?
The City of Lambertville has 9,846 people living in 4,097 households.
There are 536 renters living in 284 renter households in this City. Renters make up 5.44 percent of the population living in Lambertville.
What is the rental market like in Lambertville, Michigan?
There are an estimated 4,161 housing units in the Lambertville area. Of these, 316 units are rental homes, making up 8 percent of the housing market. For every renter household in Lambertville, Michigan, there are 1 rental units.
What is the vacancy rate for rentals in Lambertville?
The rental vacancy rate in Lambertville is 10 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 Lambertville for each bedroom size?
Occupied Rental Units by Size in Lambertville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 14 | 179 | 86 | 5 |
Occupied Rental Units by Size in Lambertville
A large number of apartments in Lambertville 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 Lambertville are overburdened by housing costs?
Among renter households in this market, 63 percent have housing cost burden. Further, 16 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 Lambertville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $788 to $1,885. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $788 |
| One BR | $885 |
| Two BR | $1,163 |
| Three BR | $1,452 |
| Four BR | $1,885 |
2024 Fair Market Rents in Lambertville, Michigan
How many units are rented at Fair Market Rent (FMR) in Lambertville?
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 | 8 | 57 percent |
| Two BR | 109 | 61 percent |
Rental Units Below FMR in Lambertville, Michigan
How many affordable rental units are in Lambertville?
Income Based Apartments in Lambertville, Michigan
Lambertville features 0 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 Lambertville, Michigan
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lambertville.
Housing Choice Vouchers in Lambertville, Michigan
On average, Section 8 Housing Choice vouchers pay Lambertville landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lambertville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lambertville, Michigan for a two-bedroom apartment is between $1,047 and $1,279.
Sourced from federal housing data and AffordableHousingOnline.com research.
