Low Income Apartments and Affordable Housing For Rent in Stoneboro, PA

Discover affordable housing in Stoneboro 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.

Lakeview Manor

25 Lake St, Stoneboro, Pennsylvania 16153

calendar_today Opened: Mar 1
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 Stoneboro, Pennsylvania
$16.00/hour
$8.75 (+121%) more than Pennsylvania minimum wage and $8.75 (+121%) more than the Federal minimum wage.
Learn More About Stoneboro, Pennsylvania Affordable Housing ↓

What HUD offices serve Stoneboro, Pennsylvania?

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 programs for Stoneboro, Pennsylvania.

Go to the Pennsylvania Public Housing and Low-Income Apartments Waiting Lists page for openings near Stoneboro.

How many renters live in Stoneboro, Pennsylvania?

The City of Stoneboro has 774 people living in 351 households.

There are 232 renters living in 93 renter households in this City. Renters make up 29.97 percent of the population living in Stoneboro.

What is the rental market like in Stoneboro, Pennsylvania?

There are an estimated 408 housing units in the Stoneboro area. Of these, 93 units are rental homes, making up 23 percent of the housing market. For every renter household in Stoneboro, Pennsylvania, there are 1 rental units.

What is the vacancy rate for rentals in Stoneboro?

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

Occupied Rental Units by Size in Stoneboro
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
6 20 25 31 11
Occupied Rental Units by Size in Stoneboro

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

Among renter households in this market, 49 percent have housing cost burden. Further, 25 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 Stoneboro

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $656 to $1,233. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $656
One BR $661
Two BR $845
Three BR $1,148
Four BR $1,233
2024 Fair Market Rents in Stoneboro, Pennsylvania

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

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 3 50 percent
One BR 16 80 percent
Two BR 13 52 percent
Rental Units Below FMR in Stoneboro, Pennsylvania

How many affordable rental units are in Stoneboro?

There are a variety of federal affordable housing programs serving households in Stoneboro, Pennsylvania including the following:

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 49
Tracked Units by Federal Program in Stoneboro, Pennsylvania

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

Income Based Apartments in Stoneboro, Pennsylvania

Stoneboro features 50 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 Stoneboro, Pennsylvania

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stoneboro.

Housing Choice Vouchers in Stoneboro, Pennsylvania

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Stoneboro, Pennsylvania for a two-bedroom apartment is between $761 and $930.

Sourced from federal housing data and AffordableHousingOnline.com research.