Affordable Housing In Belknap County
30 Low Income Apartment Communities In Belknap County
Guide To Affordable Housing in Belknap County, New Hampshire
There are 30 low income housing apartment communities offering 1,057 affordable apartments for rent in Belknap County, New Hampshire.
Income Based Apartments in Belknap County, New Hampshire
Belknap County features 760 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 Belknap County, New Hampshire
There are 297 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Belknap County.
Housing Choice Vouchers in Belknap County, New Hampshire
On average, Section 8 Housing Choice vouchers pay Belknap County landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Belknap County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Belknap County, New Hampshire for a two-bedroom apartment is between $1,015 and $1,241.
2022 Belknap County, New Hampshire Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
|Studio||One BR||Two BR||Three BR||Four BR|
|Belknap County, New Hampshire Fair Market Rent||$793||$884||$1,128||$1,550||$1,556|
|Belknap County, New Hampshire Payment Standard Range||$714 to $872||$796 to $972||$1,015 to $1,241||$1,395 to $1,705||$1,400 to $1,712|
Sourced from federal housing data and AffordableHousingOnline.com research.
Belknap County, NH Affordable Housing Snapshot
|Total Affordable Apartment Properties||30|
|Total Low Income Apartments||1,057|
|Total Housing Units with Rental Assistance||760|
|Percentage of Housing Units Occupied By Renters||25.06%|
|Average Renter Household Size||2.32|
|Average Household Size||2.42|
|Median Household Income||$62,159 ±$2,383|
|Median Rent||$905 ±$50|
|Percentage Of Renters Overburdened||39.79% ± 4.29pp|
Population and Household Demographics
Belknap County is a county in New Hampshire with a population of 60,399. There are 24,597 households in the county with an average household size of 2.42 persons. 25.06% of households in Belknap County are renters.
Income and Rent Overburden in Belknap County
The median gross income for households in Belknap County is $62,159 a year, or $5,180 a month. The median rent for the county is $905 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Belknap County, a household making less than $3,017 a month would be considered overburdened when renting an apartment at or above the median rent. 39.79% of households who rent are overburdened in Belknap County.
Area Median Income In Belknap County
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.
In Belknap County, HUD calculates the Area Median Income for a family of four as $86,500
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 Belknap County
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 HUD Rental Assistance in Belknap County
|1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% AMI Income Limits
Renters earning up to 30% of the Belknap County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Belknap County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Belknap County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Belknap County
Select A City to View its Apartment Communities and Waiting Lists.
|Laconia||The HUD funded Public Housing Agency that serves Laconia is the Laconia Housing Authority.|