What HUD offices serve Randolph, 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.
Go to the Vermont Public Housing and Low-Income Apartments Waiting Lists page for openings near Randolph.
How many renters live in Randolph, Vermont?
The City of Randolph has 2,010 people living in 974 households.
There are 909 renters living in 469 renter households in this City. Renters make up 45.22 percent of the population living in Randolph.
What is the rental market like in Randolph, Vermont?
There are an estimated 1,084 housing units in the Randolph area. Of these, 469 units are rental homes, making up 43 percent of the housing market. For every renter household in Randolph, Vermont, there are 1 rental units.
What is the vacancy rate for rentals in Randolph?
The rental vacancy rate in Randolph 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 Randolph for each bedroom size?
Occupied Rental Units by Size in Randolph
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 14 | 129 | 198 | 69 | 59 |
Occupied Rental Units by Size in Randolph
A large number of apartments in Randolph 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 Randolph are overburdened by housing costs?
Among renter households in this market, 43 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 Randolph
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $976 to $1,671. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $976 |
| One BR | $1,003 |
| Two BR | $1,244 |
| Three BR | $1,601 |
| Four BR | $1,671 |
2024 Fair Market Rents in Randolph, Vermont
How many units are rented at Fair Market Rent (FMR) in Randolph?
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 |
| Studio | 14 | 100 percent |
| One BR | 99 | 77 percent |
| Two BR | 115 | 58 percent |
Rental Units Below FMR in Randolph, Vermont
How many affordable rental units are in Randolph?
There are a variety of federal affordable housing programs serving households in Randolph, Vermont including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 80 |
| Section 8 Project-Based Rental Assistance | 77 |
| Section 202 Supportive Housing for the Elderly | 20 |
Tracked Units by Federal Program in Randolph, Vermont
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Randolph, Vermont
Randolph features 97 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 Randolph, Vermont
There are 42 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Randolph.
Housing Choice Vouchers in Randolph, Vermont
On average, Section 8 Housing Choice vouchers pay Randolph landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Randolph.
The maximum amount a voucher would pay on behalf of a low-income tenant in Randolph, Vermont for a two-bedroom apartment is between $1,120 and $1,368.
Sourced from federal housing data and AffordableHousingOnline.com research.
