Low Income Apartments and Affordable Housing For Rent in Newport Center, VT

Discover affordable housing in Newport Center 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.

Chaput Family Farms

5728 Route 105, Newport Center, Vermont

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 Newport Center, 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 Newport Center, Vermont Affordable Housing ↓

What HUD offices serve Newport Center, 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 Newport Center, Vermont.

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

How many renters live in Newport Center, Vermont?

The City of Newport Center has 199 people living in 123 households.

There are 116 renters living in 76 renter households in this City. Renters make up 58.29 percent of the population living in Newport Center.

What is the rental market like in Newport Center, Vermont?

There are an estimated 135 housing units in the Newport Center area. Of these, 76 units are rental homes, making up 56 percent of the housing market. For every renter household in Newport Center, Vermont, there are 1 rental units.

What is the vacancy rate for rentals in Newport Center?

The rental vacancy rate in Newport Center 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 Newport Center for each bedroom size?

Occupied Rental Units by Size in Newport Center
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 18 58 0 0
Occupied Rental Units by Size in Newport Center

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

Among renter households in this market, 76 percent have housing cost burden. Further, 33 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 Newport Center

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 Newport Center, Vermont

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

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 5 28 percent
Two BR 31 53 percent
Rental Units Below FMR in Newport Center, Vermont

How many affordable rental units are in Newport Center?

Income Based Apartments in Newport Center, Vermont

Newport Center features 0 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 Newport Center, Vermont

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

Housing Choice Vouchers in Newport Center, Vermont

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.