What HUD offices serve Saxtons River, 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 Saxtons River.
How many renters live in Saxtons River, Vermont?
The City of Saxtons River has 633 people living in 276 households.
There are 392 renters living in 180 renter households in this City. Renters make up 61.93 percent of the population living in Saxtons River.
What is the rental market like in Saxtons River, Vermont?
There are an estimated 284 housing units in the Saxtons River area. Of these, 180 units are rental homes, making up 63 percent of the housing market. For every renter household in Saxtons River, Vermont, there are 1 rental units.
What is the vacancy rate for rentals in Saxtons River?
The rental vacancy rate in Saxtons River 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 Saxtons River for each bedroom size?
Occupied Rental Units by Size in Saxtons River
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 8 | 17 | 43 | 101 | 11 |
Occupied Rental Units by Size in Saxtons River
A large number of apartments in Saxtons River 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 Saxtons River are overburdened by housing costs?
Among renter households in this market, 31 percent have housing cost burden. Further, 0 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 Saxtons River
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $976 to $1,785. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $976 |
| One BR | $1,091 |
| Two BR | $1,340 |
| Three BR | $1,655 |
| Four BR | $1,785 |
2024 Fair Market Rents in Saxtons River, Vermont
How many units are rented at Fair Market Rent (FMR) in Saxtons River?
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 | 0 | 100 percent |
| One BR | 2 | 12 percent |
| Two BR | 23 | 53 percent |
Rental Units Below FMR in Saxtons River, Vermont
How many affordable rental units are in Saxtons River?
There are a variety of federal affordable housing programs serving households in Saxtons River, Vermont including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 17 |
Tracked Units by Federal Program in Saxtons River, Vermont
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Saxtons River, Vermont
Saxtons River features 17 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 Saxtons River, Vermont
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Saxtons River.
Housing Choice Vouchers in Saxtons River, Vermont
On average, Section 8 Housing Choice vouchers pay Saxtons River landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Saxtons River.
The maximum amount a voucher would pay on behalf of a low-income tenant in Saxtons River, Vermont for a two-bedroom apartment is between $1,206 and $1,474.
Sourced from federal housing data and AffordableHousingOnline.com research.
