What HUD offices serve Crest Hill, 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 Crest Hill.
How many renters live in Crest Hill, Illinois?
The City of Crest Hill has 19,886 people living in 7,727 households.
There are 4,643 renters living in 2,465 renter households in this City. Renters make up 23.35 percent of the population living in Crest Hill.
What is the rental market like in Crest Hill, Illinois?
There are an estimated 7,963 housing units in the Crest Hill area. Of these, 2,526 units are rental homes, making up 32 percent of the housing market. For every renter household in Crest Hill, Illinois, there are 1 rental units.
What is the vacancy rate for rentals in Crest Hill?
The rental vacancy rate in Crest Hill is 1 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 Crest Hill for each bedroom size?
Occupied Rental Units by Size in Crest Hill
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 171 | 847 | 1,221 | 170 | 43 |
Occupied Rental Units by Size in Crest Hill
A large number of apartments in Crest Hill 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 Crest Hill are overburdened by housing costs?
Among renter households in this market, 49 percent have housing cost burden. Further, 29 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 Crest Hill
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,399 to $2,583. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,399 |
| One BR | $1,507 |
| Two BR | $1,714 |
| Three BR | $2,182 |
| Four BR | $2,583 |
2024 Fair Market Rents in Crest Hill, Illinois
How many units are rented at Fair Market Rent (FMR) in Crest Hill?
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 | 32 | 19 percent |
| One BR | 722 | 85 percent |
| Two BR | 794 | 65 percent |
Rental Units Below FMR in Crest Hill, Illinois
How many affordable rental units are in Crest Hill?
There are a variety of federal affordable housing programs serving households in Crest Hill, Illinois including the following:
| Federal Program | Unit Count |
| Section 811 Supportive Housing for Persons with Disabilities | 14 |
Tracked Units by Federal Program in Crest Hill, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Crest Hill, Illinois
Crest Hill features 6 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 Crest Hill, Illinois
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Crest Hill.
Housing Choice Vouchers in Crest Hill, Illinois
On average, Section 8 Housing Choice vouchers pay Crest Hill landlords $1,300 per month towards rent. The average voucher holder contributes $400 towards rent in Crest Hill.
The maximum amount a voucher would pay on behalf of a low-income tenant in Crest Hill, Illinois for a two-bedroom apartment is between $1,543 and $1,885.
Sourced from federal housing data and AffordableHousingOnline.com research.
