What HUD offices serve Cobden, Illinois?
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 Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near Cobden.
How many renters live in Cobden, Illinois?
The City of Cobden has 1,023 people living in 384 households.
There are 171 renters living in 96 renter households in this City. Renters make up 16.72 percent of the population living in Cobden.
What is the rental market like in Cobden, Illinois?
There are an estimated 467 housing units in the Cobden area. Of these, 110 units are rental homes, making up 24 percent of the housing market. For every renter household in Cobden, Illinois, there are 1 rental units.
What is the vacancy rate for rentals in Cobden?
The rental vacancy rate in Cobden is 13 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Cobden for each bedroom size?
Occupied Rental Units by Size in Cobden
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 41 | 14 | 19 | 22 | 0 |
Occupied Rental Units by Size in Cobden
A large number of apartments in Cobden 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 Cobden are overburdened by housing costs?
Among renter households in this market, 67 percent have housing cost burden. Further, 5 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 Cobden
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $620 to $1,106. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $620 |
| One BR | $668 |
| Two BR | $807 |
| Three BR | $1,058 |
| Four BR | $1,106 |
2024 Fair Market Rents in Cobden, Illinois
How many units are rented at Fair Market Rent (FMR) in Cobden?
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 | 38 | 93 percent |
| One BR | 14 | 100 percent |
| Two BR | 19 | 100 percent |
Rental Units Below FMR in Cobden, Illinois
How many affordable rental units are in Cobden?
There are a variety of federal affordable housing programs serving households in Cobden, Illinois including the following:
| Federal Program | Unit Count |
| Public Housing | 47 |
| USDA Section 515 Rural Rental Housing | 38 |
Tracked Units by Federal Program in Cobden, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Cobden, Illinois
Cobden features 236 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 Cobden, Illinois
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cobden.
Housing Choice Vouchers in Cobden, Illinois
On average, Section 8 Housing Choice vouchers pay Cobden landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Cobden.
The maximum amount a voucher would pay on behalf of a low-income tenant in Cobden, Illinois for a two-bedroom apartment is between $726 and $888.
Sourced from federal housing data and AffordableHousingOnline.com research.
