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

Discover affordable housing in Jaffrey where there are 5+ 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.

Jaffrey Mill Apartments

2 North St, Jaffrey, New Hampshire 03452

Gilmore Court

18 Gilmore Pond Rd, Jaffrey, New Hampshire

Jaffrey Mill Apartments CO Stewart Mgmt

10 Main St, Jaffrey, New Hampshire 03452

Jaffrey Village CO Eastpoint Prop

31 Alder Ct, Jaffrey, New Hampshire 03452

Jaffrey Village Apartments

27 Cross St, Jaffrey, New Hampshire 03452

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Jaffrey, New Hampshire
$19.15 (+264%) more than New Hampshire minimum wage and $19.15 (+264%) more than the Federal minimum wage.
Learn More About Jaffrey, New Hampshire Affordable Housing ↓

What HUD offices serve Jaffrey, New Hampshire?

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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Moving to Work programs for Jaffrey, New Hampshire.

Go to the New Hampshire Public Housing and Low-Income Apartments Waiting Lists page for openings near Jaffrey.

How many renters live in Jaffrey, New Hampshire?

The City of Jaffrey has 3,036 people living in 1,061 households.

There are 554 renters living in 300 renter households in this City. Renters make up 18.25 percent of the population living in Jaffrey.

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

There are an estimated 1,252 housing units in the Jaffrey area. Of these, 372 units are rental homes, making up 30 percent of the housing market. For every renter household in Jaffrey, New Hampshire, there are 1 rental units.

What is the vacancy rate for rentals in Jaffrey?

The rental vacancy rate in Jaffrey 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 Jaffrey for each bedroom size?

Occupied Rental Units by Size in Jaffrey
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
12 164 80 20 24
Occupied Rental Units by Size in Jaffrey

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

Among renter households in this market, 40 percent have housing cost burden. Further, 18 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 Jaffrey

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $945 to $1,888. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $945
One BR $1,061
Two BR $1,394
Three BR $1,833
Four BR $1,888
2024 Fair Market Rents in Jaffrey, New Hampshire

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

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 9 75 percent
One BR 164 100 percent
Two BR 71 89 percent
Rental Units Below FMR in Jaffrey, New Hampshire

How many affordable rental units are in Jaffrey?

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

Federal Program Unit Count
Low Income Housing Tax Credit 39
USDA Section 515 Rural Rental Housing 102
Tracked Units by Federal Program in Jaffrey, New Hampshire

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

Income Based Apartments in Jaffrey, New Hampshire

Jaffrey features 102 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 Jaffrey, New Hampshire

There are 39 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Jaffrey.

Housing Choice Vouchers in Jaffrey, New Hampshire

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Jaffrey, New Hampshire for a two-bedroom apartment is between $1,255 and $1,533.

Sourced from federal housing data and AffordableHousingOnline.com research.