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Affordable Housing In Milton
Chittenden County, Vermont

2 Low Income Apartment Communities In Milton

Elm Place Apartments

60 Bombardier Rd
Milton, Vermont
Income Based
1 BR
55+
Subsidized

Meadow Lane

36 Villemaire Ln
Milton, Vermont
Subsidized
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Housing Authorities that serve Milton

Housing Authority Programs
Vermont State Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Milton, Vermont

There are 2 low income housing apartment communities offering 66 affordable apartments for rent in Milton, Vermont.

Income Based Apartments in Milton, Vermont

Milton features 66 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 Milton, Vermont

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

Housing Choice Vouchers in Milton, Vermont

On average, Section 8 Housing Choice vouchers pay Milton landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Milton.

The maximum amount a voucher would pay on behalf of a low-income tenant in Milton, Vermont for a two-bedroom apartment is between $1,465 and $1,791.

2021 Milton, Vermont Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Milton, Vermont Fair Market Rent $1,091 $1,265 $1,628 $2,025 $2,208
Milton, Vermont Payment Standard Range $982 to $1,200 $1,139 to $1,392 $1,465 to $1,791 $1,823 to $2,228 $1,987 to $2,429

Sourced from federal housing data and AffordableHousingOnline.com research.

Milton, VT Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 66
Total Housing Units with Rental Assistance 66
Percentage of Housing Units Occupied By Renters 30.37%
Average Renter Household Size 1.61
Average Household Size 2.25
Median Household Income $57,581 ±$14,035
Median Rent $901 ±$443
Percentage Of Renters Overburdened 58.46% ± 41.46pp
Total Population 1,926

Population and Household Demographics

Milton is a city in Chittenden County, Vermont with a population of 1,926. There are 856 households in the city with an average household size of 2.25 persons. 30.37% of households in Milton are renters.

Income and Rent Overburden in Milton

The median gross income for households in Milton is $57,581 a year, or $4,798 a month. The median rent for the city is $901 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Milton, a household making less than $3,003 a month would be considered overburdened when renting an apartment at or above the median rent. 58.46% of households who rent are overburdened in Milton.

Area Median Income In Milton

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Milton, the AMI is calculated from all households within Chittenden County.

In Milton, HUD calculates the Area Median Income for a family of four as $89,700

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Milton

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Milton

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Milton AMI may qualify for rental assistance programs that target Extremely Low Income households.
$19,250 $22,000 $24,750 $27,500 $30,680 $35,160 $39,640 $44,120
50% AMI Income Limits
Renters earning up to 50% of the Milton AMI may qualify for rental assistance programs that target Very Low Income households.
$32,100 $36,700 $41,300 $45,850 $49,550 $53,200 $56,900 $60,550
80% AMI Income Limits
Renters earning up to 80% of the Milton AMI may qualify for rental assistance programs that target Low Income households.
$51,350 $58,700 $66,050 $73,350 $79,250 $85,100 $91,000 $96,850