How many renters live in Groveton, New Hampshire?
The City of Groveton has 839 people living in 362 households.
There are 353 renters living in 160 renter households in this City. Renters make up 42.07 percent of the population living in Groveton.
What is the rental market like in Groveton, New Hampshire?
There are an estimated 399 housing units in the Groveton area. Of these, 160 units are rental homes, making up 40 percent of the housing market. For every renter household in Groveton, New Hampshire, there are 1 rental units.
What is the vacancy rate for rentals in Groveton?
The rental vacancy rate in Groveton is 0 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 Groveton for each bedroom size?
Occupied Rental Units by Size in Groveton
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 44 | 40 | 58 | 18 |
Occupied Rental Units by Size in Groveton
A large number of apartments in Groveton 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 Groveton are overburdened by housing costs?
Among renter households in this market, 18 percent have housing cost burden. Further, 3 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 Groveton
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $654 to $1,280. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $654 |
| One BR | $748 |
| Two BR | $960 |
| Three BR | $1,275 |
| Four BR | $1,280 |
2024 Fair Market Rents in Groveton, New Hampshire
How many units are rented at Fair Market Rent (FMR) in Groveton?
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 | 32 | 73 percent |
| Two BR | 38 | 95 percent |
Rental Units Below FMR in Groveton, New Hampshire
How many affordable rental units are in Groveton?
There are a variety of federal affordable housing programs serving households in Groveton, New Hampshire including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 16 |
| Section 8 Project-Based Rental Assistance | 34 |
| USDA Section 515 Rural Rental Housing | 16 |
Tracked Units by Federal Program in Groveton, New Hampshire
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Groveton, New Hampshire
Groveton features 16 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 Groveton, New Hampshire
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Groveton.
Housing Choice Vouchers in Groveton, New Hampshire
On average, Section 8 Housing Choice vouchers pay Groveton landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Groveton.
The maximum amount a voucher would pay on behalf of a low-income tenant in Groveton, New Hampshire for a two-bedroom apartment is between $864 and $1,056.
Sourced from federal housing data and AffordableHousingOnline.com research.
