What HUD offices serve Byron, 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 Byron.
How many renters live in Byron, Illinois?
The City of Byron has 3,739 people living in 1,512 households.
There are 1,004 renters living in 531 renter households in this City. Renters make up 26.85 percent of the population living in Byron.
What is the rental market like in Byron, Illinois?
There are an estimated 1,567 housing units in the Byron area. Of these, 531 units are rental homes, making up 34 percent of the housing market. For every renter household in Byron, Illinois, there are 1 rental units.
What is the vacancy rate for rentals in Byron?
The rental vacancy rate in Byron 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 Byron for each bedroom size?
Occupied Rental Units by Size in Byron
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 170 | 208 | 132 | 0 |
Occupied Rental Units by Size in Byron
A large number of apartments in Byron 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 Byron are overburdened by housing costs?
Among renter households in this market, 26 percent have housing cost burden. Further, 7 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 Byron
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $674 to $1,241. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $674 |
| One BR | $709 |
| Two BR | $932 |
| Three BR | $1,182 |
| Four BR | $1,241 |
2024 Fair Market Rents in Byron, Illinois
How many units are rented at Fair Market Rent (FMR) in Byron?
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 | 82 | 48 percent |
| Two BR | 79 | 38 percent |
Rental Units Below FMR in Byron, Illinois
How many affordable rental units are in Byron?
There are a variety of federal affordable housing programs serving households in Byron, Illinois including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 131 |
| Section 8 Project-Based Rental Assistance | 48 |
| USDA Section 515 Rural Rental Housing | 48 |
Tracked Units by Federal Program in Byron, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Byron, Illinois
Byron features 48 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 Byron, Illinois
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Byron.
Housing Choice Vouchers in Byron, Illinois
On average, Section 8 Housing Choice vouchers pay Byron landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Byron.
The maximum amount a voucher would pay on behalf of a low-income tenant in Byron, Illinois for a two-bedroom apartment is between $839 and $1,025.
Sourced from federal housing data and AffordableHousingOnline.com research.
