Affordable Housing In Laconia
Belknap County, New Hampshire

13 Low Income Apartment Communities In Laconia

Lake Village Apartments

765 Union Ave
Laconia, New Hampshire
Income Based
1-2 BR
Subsidized
Accessible
62+

Wingate Village

103 Blueberry Lane
Laconia, New Hampshire
$728-1,226
1-3 BR
Subsidized

Victoria Woods

16 Charlevoix Pl
Laconia, New Hampshire
Call For Rent
1 BR
Subsidized

River's Edge

126 Union Ave
Laconia, New Hampshire

Blueberry Place

57 Blueberry Ln
Laconia, New Hampshire
Subsidized

Sunrise Towers

25 Union Ave
Laconia, New Hampshire

Avery St - Laconia

Avery St
Laconia, New Hampshire

Avery Hill

11 Lougee Ct
Laconia, New Hampshire

Pine Hill

41 Merrimac St
Laconia, New Hampshire

Tavern

7 Church St
Laconia, New Hampshire

Section 8 Vouchers, Apartments, and Waiting Lists in Laconia, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Laconia, New Hampshire

Housing Authority Programs
Laconia Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Laconia, New Hampshire

There are 13 low income housing apartment communities offering 549 affordable apartments for rent in Laconia, New Hampshire.

Income Based Apartments in Laconia, New Hampshire

Laconia features 337 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 Laconia, New Hampshire

There are 212 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Laconia.

Housing Choice Vouchers in Laconia, New Hampshire

On average, Section 8 Housing Choice vouchers pay Laconia landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Laconia.

The maximum amount a voucher would pay on behalf of a low-income tenant in Laconia, New Hampshire for a two-bedroom apartment is between $1,015 and $1,241.

2022 Laconia, 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
Laconia, New Hampshire Fair Market Rent $793 $884 $1,128 $1,550 $1,556
Laconia, 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.

Laconia, NH Affordable Housing Snapshot

Total Affordable Apartment Properties 13
Total Low Income Apartments 549
Total Housing Units with Rental Assistance 337
Percentage of Housing Units Occupied By Renters 44.21%
Average Renter Household Size 2.20
Average Household Size 2.29
Median Household Income $50,000 ±$3,781
Median Rent $891 ±$47
Percentage Of Renters Overburdened 45.09% ± 6.92pp
Total Population 16,075

Population and Household Demographics

Laconia is a city in Belknap County, New Hampshire with a population of 16,075. There are 6,776 households in the city with an average household size of 2.29 persons. 44.21% of households in Laconia are renters.

Income and Rent Overburden in Laconia

The median gross income for households in Laconia is $50,000 a year, or $4,167 a month. The median rent for the city is $891 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Laconia, a household making less than $2,970 a month would be considered overburdened when renting an apartment at or above the median rent. 45.09% of households who rent are overburdened in Laconia.

Area Median Income In Laconia

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Laconia, the AMI is calculated from all households within Belknap County.

In Laconia, 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 Laconia

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 Laconia

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 Laconia AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,200 $20,800 $23,400 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Laconia AMI may qualify for rental assistance programs that target Very Low Income households.
$30,300 $34,600 $38,950 $43,250 $46,750 $50,200 $53,650 $57,100
80% AMI Income Limits
Renters earning up to 80% of the Laconia AMI may qualify for rental assistance programs that target Low Income households.
$48,450 $55,400 $62,300 $69,200 $74,750 $80,300 $85,850 $91,350