Affordable & Income-Based Housing in Waterville

Affordability in Waterville, ME

According to Census ACS 5-Year data (2024), the median gross rent in Waterville is $978 per month and the median household income is $53,580 per year. Just over half of residents -- 51% -- are renters, meaning affordable housing options here serve a large share of the local population.

Waterville has 4 HUD-assisted or income-restricted properties totaling 224 units, offering an important resource for renters seeking below-market housing in the area.

Safety

According to FBI Crime Data Explorer, the Waterville Police Department reported a violent crime rate of 148 per 100,000 residents in 2024. Note that crime rates are not directly comparable across cities due to differences in reporting practices and definitions.

All 4 HUD-assisted properties in Waterville have been mapped for flood risk, and none are located in a high-risk flood zone.

Getting Around Waterville

According to Walk Score, the area around assisted properties in Waterville has a Walk Score of 48 (Car-Dependent) and a Bike Score of 36. Most errands and trips will likely require a car.

Schools

According to the NCES Common Core of Data, 5 public schools serve Waterville across 1 district, including 2 elementary, 1 middle, 1 high school, and 1 other-level school. Ratings and quality vary by school, so renters should check the assigned schools for a specific address before making a decision.

Cost of Living in Waterville, ME

The median household income in Waterville is $53,580 per year, according to Census ACS 5-Year estimates. The median gross rent is $978 per month, also per Census ACS 5-Year data.

Affordable and income-based housing in Waterville can significantly reduce housing costs for eligible renters. Rents at HUD-assisted and LIHTC properties are typically set as a percentage of Area Median Income rather than the open market rate.

• Median household income: $53,580/year (Census ACS 5-Year)
• Median gross rent: $978/month (Census ACS 5-Year)
• Renter-occupied households: 51% of all households (Census ACS 5-Year)

Flood and Environmental Exposure

All 4 HUD-assisted properties in Waterville have been mapped for flood risk. None are located in a high-risk flood zone, which is a low level of flood exposure for renters in this city.