What HUD offices serve Atwood, 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 Atwood.
How many renters live in Atwood, Illinois?
The City of Atwood has 979 people living in 428 households.
There are 122 renters living in 69 renter households in this City. Renters make up 12.46 percent of the population living in Atwood.
What is the rental market like in Atwood, Illinois?
There are an estimated 500 housing units in the Atwood area. Of these, 78 units are rental homes, making up 16 percent of the housing market. For every renter household in Atwood, Illinois, there are 1 rental units.
What is the vacancy rate for rentals in Atwood?
The rental vacancy rate in Atwood is 12 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 Atwood for each bedroom size?
Occupied Rental Units by Size in Atwood
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 31 | 22 | 16 | 0 |
Occupied Rental Units by Size in Atwood
A large number of apartments in Atwood 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 Atwood are overburdened by housing costs?
Among renter households in this market, 58 percent have housing cost burden. Further, 30 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 Atwood
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $699 to $1,144. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $699 |
| One BR | $703 |
| Two BR | $820 |
| Three BR | $1,077 |
| Four BR | $1,144 |
2024 Fair Market Rents in Atwood, Illinois
How many units are rented at Fair Market Rent (FMR) in Atwood?
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 |
| One BR | 31 | 100 percent |
| Two BR | 22 | 100 percent |
Rental Units Below FMR in Atwood, Illinois
How many affordable rental units are in Atwood?
There are a variety of federal affordable housing programs serving households in Atwood, Illinois including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing | 30 |
Tracked Units by Federal Program in Atwood, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Atwood, Illinois
Atwood features 0 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 Atwood, Illinois
There are 6 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Atwood.
Housing Choice Vouchers in Atwood, Illinois
On average, Section 8 Housing Choice vouchers pay Atwood landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Atwood.
The maximum amount a voucher would pay on behalf of a low-income tenant in Atwood, Illinois for a two-bedroom apartment is between $944 and $1,154.
Sourced from federal housing data and AffordableHousingOnline.com research.
