Low Income Apartments and Affordable Housing For Rent in Irasburg, VT

Discover affordable housing in Irasburg 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.

The Meadows

4568 Route 14, Irasburg, Vermont 05845

calendar_today Opens: Apr 1

Reported On March 19th, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Irasburg, 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 Irasburg, Vermont Affordable Housing ↓

What HUD offices serve Irasburg, 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 Irasburg, Vermont.

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

How many renters live in Irasburg, Vermont?

The City of Irasburg has 189 people living in 72 households.

There are 102 renters living in 36 renter households in this City. Renters make up 53.97 percent of the population living in Irasburg.

What is the rental market like in Irasburg, Vermont?

There are an estimated 96 housing units in the Irasburg area. Of these, 36 units are rental homes, making up 38 percent of the housing market. For every renter household in Irasburg, Vermont, there are 1 rental units.

What is the vacancy rate for rentals in Irasburg?

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

Occupied Rental Units by Size in Irasburg
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 13 2 21 0
Occupied Rental Units by Size in Irasburg

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

Among renter households in this market, 19 percent have housing cost burden. Further, 19 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 Irasburg

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 Irasburg, Vermont

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

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 13 100 percent
Two BR 0 100 percent
Rental Units Below FMR in Irasburg, Vermont

How many affordable rental units are in Irasburg?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 10
Tracked Units by Federal Program in Irasburg, Vermont

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

Income Based Apartments in Irasburg, Vermont

Irasburg features 10 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 Irasburg, Vermont

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

Housing Choice Vouchers in Irasburg, Vermont

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Irasburg, Vermont for a two-bedroom apartment is between $973 and $1,189.

Sourced from federal housing data and AffordableHousingOnline.com research.