Seabreeze Apartments
Lake St. George Apartments
There are 140 low-income apartments in Waldo County that offer reduced rents to eligible households.
Rental assistance programs support 398 low-income homes in Waldo County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $277 towards rent each month.
Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Waldo County, Maine
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.
| Housing Authority | Programs |
|---|---|
| Maine State Housing Authority | Section 8 Housing Choice Voucher (HCV) |
Waldo County, Maine Affordable Housing Data
Income Based Apartments in Waldo County, Maine
Waldo County features 398 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 Waldo County, Maine
There are 140 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Waldo County.
Housing Choice Vouchers in Waldo County, Maine
On average, Section 8 Housing Choice vouchers pay Waldo County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Waldo County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Waldo County, Maine for a two-bedroom apartment is between $1,044 and $1,276.
2024 Waldo County, Maine 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 | |
|---|---|---|---|---|---|
| Waldo County, Maine Fair Market Rent | $886 | $892 | $1,160 | $1,431 | $1,606 |
| Waldo County, Maine Payment Standard Range | $797 to $975 | $803 to $981 | $1,044 to $1,276 | $1,288 to $1,574 | $1,445 to $1,767 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Waldo County, ME Affordable Housing Snapshot
| Total Affordable Apartment Properties | 25 |
|---|---|
| Total Low Income Apartments | 538 |
| Total Housing Units with Rental Assistance | 398 |
| Percentage of Housing Units Occupied By Renters | 22.47% |
| Average Renter Household Size | 2.01 |
| Average Household Size | 2.26 |
| Median Household Income | $44,082 ±$1,630 |
| Median Rent | $744 ±$33 |
| Percentage Of Renters Overburdened | 43.49% ± 5.48pp |
| Total Population | 38,976 |
Population and Household Demographics
Waldo County is a county in Maine with a population of 38,976. There are 16,888 households in the county with an average household size of 2.26 persons. 22.47% of households in Waldo County are renters.
Income and Rent Overburden in Waldo County
The median gross income for households in Waldo County is $44,082 a year, or $3,674 a month. The median rent for the county is $744 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Waldo County, a household making less than $2,480 a month would be considered overburdened when renting an apartment at or above the median rent. 43.49% of households who rent are overburdened in Waldo County.
Area Median Income In Waldo County
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.
In Waldo County, HUD calculates the Area Median Income for a family of four as $79,600
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 Waldo County
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 Waldo County
| 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 Waldo County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$16,050 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,400 |
| 50% AMI Income Limits Renters earning up to 50% of the Waldo County AMI may qualify for rental assistance programs that target Very Low Income households. |
$26,750 | $30,550 | $34,350 | $38,150 | $41,250 | $44,300 | $47,350 | $50,400 |
| 80% AMI Income Limits Renters earning up to 80% of the Waldo County AMI may qualify for rental assistance programs that target Low Income households. |
$42,750 | $48,850 | $54,950 | $61,050 | $65,950 | $70,850 | $75,750 | $80,600 |
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