What HUD offices serve Derby Line, Vermont?
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.
Go to the Vermont Public Housing and Low-Income Apartments Waiting Lists page for openings near Derby Line.
How many renters live in Derby Line, Vermont?
The City of Derby Line has 692 people living in 315 households.
There are 88 renters living in 43 renter households in this City. Renters make up 12.72 percent of the population living in Derby Line.
What is the rental market like in Derby Line, Vermont?
There are an estimated 365 housing units in the Derby Line area. Of these, 43 units are rental homes, making up 12 percent of the housing market. For every renter household in Derby Line, Vermont, there are 1 rental units.
What is the vacancy rate for rentals in Derby Line?
The rental vacancy rate in Derby Line 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 Derby Line for each bedroom size?
Occupied Rental Units by Size in Derby Line
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 6 | 21 | 10 | 0 |
Occupied Rental Units by Size in Derby Line
A large number of apartments in Derby Line 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 Derby Line are overburdened by housing costs?
Among renter households in this market, 53 percent have housing cost burden. Further, 9 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 Derby Line
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $831 to $1,524. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $831 |
| One BR | $963 |
| Two BR | $1,081 |
| Three BR | $1,401 |
| Four BR | $1,524 |
2024 Fair Market Rents in Derby Line, Vermont
How many units are rented at Fair Market Rent (FMR) in Derby Line?
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 | 6 | 100 percent |
| Two BR | 16 | 76 percent |
Rental Units Below FMR in Derby Line, Vermont
How many affordable rental units are in Derby Line?
There are a variety of federal affordable housing programs serving households in Derby Line, Vermont including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 32 |
| Section 8 Project-Based Rental Assistance | 11 |
Tracked Units by Federal Program in Derby Line, Vermont
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Derby Line, Vermont
Derby Line features 11 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 Derby Line, Vermont
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Derby Line.
Housing Choice Vouchers in Derby Line, Vermont
On average, Section 8 Housing Choice vouchers pay Derby Line landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Derby Line.
The maximum amount a voucher would pay on behalf of a low-income tenant in Derby Line, Vermont for a two-bedroom apartment is between $973 and $1,189.
Sourced from federal housing data and AffordableHousingOnline.com research.
