Low Income Apartments and Affordable Housing For Rent in North Walpole, NH

Discover affordable housing in North Walpole where there are 1+ 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.

North Walpole Village Apartments

26 West St, North Walpole, New Hampshire 03609

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 North Walpole, New Hampshire
$26.40/hour
$19.15 (+264%) more than New Hampshire minimum wage and $19.15 (+264%) more than the Federal minimum wage.
Learn More About North Walpole, New Hampshire Affordable Housing ↓

What HUD offices serve North Walpole, 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 North Walpole, New Hampshire.

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

How many renters live in North Walpole, New Hampshire?

The City of North Walpole has 558 people living in 236 households.

There are 127 renters living in 78 renter households in this City. Renters make up 22.76 percent of the population living in North Walpole.

What is the rental market like in North Walpole, New Hampshire?

There are an estimated 294 housing units in the North Walpole area. Of these, 98 units are rental homes, making up 33 percent of the housing market. For every renter household in North Walpole, New Hampshire, there are 1 rental units.

What is the vacancy rate for rentals in North Walpole?

The rental vacancy rate in North Walpole 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 North Walpole for each bedroom size?

Occupied Rental Units by Size in North Walpole
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 41 37 0 0
Occupied Rental Units by Size in North Walpole

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

Among renter households in this market, 9 percent have housing cost burden. Further, 0 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 North Walpole

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 North Walpole, New Hampshire

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

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 22 54 percent
Two BR 4 11 percent
Rental Units Below FMR in North Walpole, New Hampshire

How many affordable rental units are in North Walpole?

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

Federal Program Unit Count
Low Income Housing Tax Credit 16
Tracked Units by Federal Program in North Walpole, New Hampshire

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

Income Based Apartments in North Walpole, New Hampshire

North Walpole features 0 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 North Walpole, New Hampshire

There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in North Walpole.

Housing Choice Vouchers in North Walpole, New Hampshire

On average, Section 8 Housing Choice vouchers pay North Walpole landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in North Walpole.

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

Sourced from federal housing data and AffordableHousingOnline.com research.