Low Income Apartments and Affordable Housing For Rent in Hooksett, NH

Discover affordable housing in Hooksett where there are 6+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Mallard Place

6 Mallard Ln, Hooksett, New Hampshire 03106

Mallard Place

12 Mallard Ln, Hooksett, New Hampshire 03106

Westview Terrace

9 Lindsay Rd, Hooksett, New Hampshire 03106

Merrimack Heights

512 West River Rd, Hooksett, New Hampshire 03106

Hollyberry Hill

319 Londonderry Tpke, Hooksett, New Hampshire 03106

Birchwood Apts

28 Dale Rd, Hooksett, New Hampshire

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Hooksett, New Hampshire
$27.03/hour
$19.78 (+273%) more than New Hampshire minimum wage and $19.78 (+273%) more than the Federal minimum wage.
Learn More About Hooksett, New Hampshire Affordable Housing ↓

How many renters live in Hooksett, New Hampshire?

The City of Hooksett has 5,268 people living in 2,221 households.

There are 1,641 renters living in 746 renter households in this City. Renters make up 31.15 percent of the population living in Hooksett.

What is the rental market like in Hooksett, New Hampshire?

There are an estimated 2,315 housing units in the Hooksett area. Of these, 840 units are rental homes, making up 36 percent of the housing market. For every renter household in Hooksett, New Hampshire, there are 1 rental units.

What is the vacancy rate for rentals in Hooksett?

The rental vacancy rate in Hooksett is 9 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 Hooksett for each bedroom size?

Occupied Rental Units by Size in Hooksett
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
21 250 368 95 12
Occupied Rental Units by Size in Hooksett

A large number of apartments in Hooksett 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 Hooksett are overburdened by housing costs?

Among renter households in this market, 39 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 Hooksett

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $972 to $1,900. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $972
One BR $1,086
Two BR $1,427
Three BR $1,877
Four BR $1,900
2024 Fair Market Rents in Hooksett, New Hampshire

How many units are rented at Fair Market Rent (FMR) in Hooksett?

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 0 100 percent
One BR 86 34 percent
Two BR 101 27 percent
Rental Units Below FMR in Hooksett, New Hampshire

How many affordable rental units are in Hooksett?

There are a variety of federal affordable housing programs serving households in Hooksett, New Hampshire including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 70
USDA Section 515 Rural Rental Housing 32
Tracked Units by Federal Program in Hooksett, New Hampshire

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Hooksett, New Hampshire

Hooksett features 106 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 Hooksett, New Hampshire

There are 102 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hooksett.

Housing Choice Vouchers in Hooksett, New Hampshire

On average, Section 8 Housing Choice vouchers pay Hooksett landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Hooksett.

The maximum amount a voucher would pay on behalf of a low-income tenant in Hooksett, New Hampshire for a two-bedroom apartment is between $1,284 and $1,570.

Sourced from federal housing data and AffordableHousingOnline.com research.