Low Income Apartments and Affordable Housing For Rent in Derby Line, VT

Discover affordable housing in Derby Line where there are 2+ 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.

Derby Line Gardens

21 Main St, Derby Line, Vermont 05830

bed 1
payment Subsidized

Bryan E Davis Susan E Davis

880 Holland Road, Derby Line, Vermont

How To Identify Affordable Housing in Derby Line, Vermont

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
calendar_today Opened: Apr 1
Open Until Further Notice
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Reported On September 29th, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Derby Line, Vermont
$20.47/hour
$6.80 (+50%) more than Vermont minimum wage and $13.22 (+182%) more than the Federal minimum wage.
Learn More About Derby Line, Vermont Affordable Housing ↓

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.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Derby Line, Vermont.

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 people living in households.

There are renters living in 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 housing units in the Derby Line area. Of these, units are rental homes, making up 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 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
Section 8 Project-Based Rental Assistance
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.

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