What HUD offices serve Chatham, 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 Chatham.
How many renters live in Chatham, Illinois?
The City of Chatham has 14,437 people living in 5,420 households.
There are 2,375 renters living in 1,103 renter households in this City. Renters make up 16.45 percent of the population living in Chatham.
What is the rental market like in Chatham, Illinois?
There are an estimated 5,756 housing units in the Chatham area. Of these, 1,334 units are rental homes, making up 23 percent of the housing market. For every renter household in Chatham, Illinois, there are 1 rental units.
What is the vacancy rate for rentals in Chatham?
The rental vacancy rate in Chatham is 17 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 Chatham for each bedroom size?
Occupied Rental Units by Size in Chatham
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 14 | 246 | 502 | 248 | 25 |
Occupied Rental Units by Size in Chatham
A large number of apartments in Chatham 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 Chatham 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 Chatham
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $725 to $1,459. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $725 |
| One BR | $873 |
| Two BR | $1,070 |
| Three BR | $1,421 |
| Four BR | $1,459 |
2024 Fair Market Rents in Chatham, Illinois
How many units are rented at Fair Market Rent (FMR) in Chatham?
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 | 0 | 100 percent |
| One BR | 95 | 39 percent |
| Two BR | 132 | 26 percent |
Rental Units Below FMR in Chatham, Illinois
How many affordable rental units are in Chatham?
There are a variety of federal affordable housing programs serving households in Chatham, Illinois including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 60 |
Tracked Units by Federal Program in Chatham, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Chatham, Illinois
Chatham 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 Chatham, Illinois
There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Chatham.
Housing Choice Vouchers in Chatham, Illinois
On average, Section 8 Housing Choice vouchers pay Chatham landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Chatham.
The maximum amount a voucher would pay on behalf of a low-income tenant in Chatham, Illinois for a two-bedroom apartment is between $963 and $1,177.
Sourced from federal housing data and AffordableHousingOnline.com research.
