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Affordable Housing In Montpelier
Washington County, Vermont

13 Low Income Apartment Communities In Montpelier

Lane Shops Apartments

14 N Franklin St
Montpelier, Vermont
Subsidized

Cummings Street Family Housing

21 Cummings St
Montpelier, Vermont
Subsidized

Seven Saint Paul Street

7 St Paul St
Montpelier, Vermont
Subsidized
62+
Accessible
Elderly Supportive Housing

Lane Shops

1 Mechanic St
Montpelier, Vermont
Accepts Vouchers

River Station Apartments

221 Barre St
Montpelier, Vermont
Accepts Vouchers

Prospect Street Housing

3 Prospect St
Montpelier, Vermont
Subsidized

River Station

193 Barre St
Montpelier, Vermont
Accepts Vouchers

Bianchi Building

208 Barre St
Montpelier, Vermont
Accepts Vouchers

Pioneer Apartments

155 Main St
Montpelier, Vermont

Hebert Farms

23 Hebert Rd
Montpelier, Vermont
Subsidized

Housing Authorities that serve Montpelier

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

Guide To Affordable Housing in Montpelier, Vermont

There are 13 low income housing apartment communities offering 362 affordable apartments for rent in Montpelier, Vermont.

Income Based Apartments in Montpelier, Vermont

Montpelier features 190 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 Montpelier, Vermont

There are 172 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Montpelier.

Housing Choice Vouchers in Montpelier, Vermont

On average, Section 8 Housing Choice vouchers pay Montpelier landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Montpelier.

The maximum amount a voucher would pay on behalf of a low-income tenant in Montpelier, Vermont for a two-bedroom apartment is between $981 and $1,199.

2020 Montpelier, 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
Fair Market Rent $773 $828 $1,090 $1,358 $1,580
Payment Standard Range $696 to $850 $745 to $911 $981 to $1,199 $1,222 to $1,494 $1,422 to $1,738

Sourced from federal housing data and AffordableHousingOnline.com research.

Montpelier, VT Affordable Housing Snapshot

Total Affordable Apartment Properties 13
Total Low Income Apartments 362
Total Housing Units with Rental Assistance 190
Percentage of Housing Units Occupied By Renters 43.5%
Average Renter Household Size 1.98
Average Household Size 2.19
Median Household Income $61,588 ±$4,837
Median Rent $892 ±$36
Percentage Of Renters Overburdened 41.26% ± 7.79pp
Total Population 7,712

Population and Household Demographics

Montpelier is a city in Washington County, Vermont with a population of 7,712. There are 3,510 households in the city with an average household size of 2.19 persons. 43.5% of households in Montpelier are renters.

Income and Rent Overburden in Montpelier

The median gross income for households in Montpelier is $61,588 a year, or $5,132 a month. The median rent for the city is $892 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Montpelier, a household making less than $2,973 a month would be considered overburdened when renting an apartment at or above the median rent. 41.26% of households who rent are overburdened in Montpelier.

Area Median Income In Montpelier

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 Montpelier, the AMI is calculated from all households within Washington County.

In Montpelier, HUD calculates the Area Median Income for a family of four as $80,300

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 Montpelier

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 Montpelier

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,900 $19,300 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $28,150 $32,150 $36,150 $40,150 $43,400 $46,600 $49,800 $53,000
80% of Median $45,000 $51,400 $57,850 $64,250 $69,400 $74,550 $79,700 $84,850