What HUD offices serve Hopkins Park, 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 Hopkins Park.
How many renters live in Hopkins Park, Illinois?
The City of Hopkins Park has 606 people living in 264 households.
There are 212 renters living in 97 renter households in this City. Renters make up 34.98 percent of the population living in Hopkins Park.
What is the rental market like in Hopkins Park, Illinois?
There are an estimated 417 housing units in the Hopkins Park area. Of these, 108 units are rental homes, making up 26 percent of the housing market. For every renter household in Hopkins Park, Illinois, there are 1 rental units.
What is the vacancy rate for rentals in Hopkins Park?
The rental vacancy rate in Hopkins Park is 10 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 Hopkins Park for each bedroom size?
Occupied Rental Units by Size in Hopkins Park
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 14 | 26 | 16 | 41 | 0 |
Occupied Rental Units by Size in Hopkins Park
A large number of apartments in Hopkins Park 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 Hopkins Park are overburdened by housing costs?
Among renter households in this market, 28 percent have housing cost burden. Further, 13 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 Hopkins Park
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $789 to $1,619. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $789 |
| One BR | $886 |
| Two BR | $1,164 |
| Three BR | $1,569 |
| Four BR | $1,619 |
2024 Fair Market Rents in Hopkins Park, Illinois
How many units are rented at Fair Market Rent (FMR) in Hopkins Park?
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 | 14 | 100 percent |
| One BR | 20 | 77 percent |
| Two BR | 14 | 88 percent |
Rental Units Below FMR in Hopkins Park, Illinois
How many affordable rental units are in Hopkins Park?
Income Based Apartments in Hopkins Park, Illinois
Hopkins Park features 24 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 Hopkins Park, Illinois
There are 69 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hopkins Park.
Housing Choice Vouchers in Hopkins Park, Illinois
On average, Section 8 Housing Choice vouchers pay Hopkins Park landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Hopkins Park.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hopkins Park, Illinois for a two-bedroom apartment is between $1,048 and $1,280.
Sourced from federal housing data and AffordableHousingOnline.com research.
