What HUD offices serve Malta, 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 Malta.
How many renters live in Malta, Illinois?
The City of Malta has 1,535 people living in 525 households.
There are 443 renters living in 182 renter households in this City. Renters make up 28.86 percent of the population living in Malta.
What is the rental market like in Malta, Illinois?
There are an estimated 547 housing units in the Malta area. Of these, 182 units are rental homes, making up 33 percent of the housing market. For every renter household in Malta, Illinois, there are 1 rental units.
What is the vacancy rate for rentals in Malta?
The rental vacancy rate in Malta 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 Malta for each bedroom size?
Occupied Rental Units by Size in Malta
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 10 | 28 | 87 | 41 | 16 |
Occupied Rental Units by Size in Malta
A large number of apartments in Malta 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 Malta are overburdened by housing costs?
Among renter households in this market, 35 percent have housing cost burden. Further, 23 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 Malta
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $899 to $2,252. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $899 |
| One BR | $1,014 |
| Two BR | $1,327 |
| Three BR | $1,870 |
| Four BR | $2,252 |
2024 Fair Market Rents in Malta, Illinois
How many units are rented at Fair Market Rent (FMR) in Malta?
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 | 9 | 90 percent |
| One BR | 28 | 100 percent |
| Two BR | 75 | 86 percent |
Rental Units Below FMR in Malta, Illinois
How many affordable rental units are in Malta?
There are a variety of federal affordable housing programs serving households in Malta, Illinois including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 12 |
| USDA Section 515 Rural Rental Housing | 24 |
Tracked Units by Federal Program in Malta, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Malta, Illinois
Malta features 12 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 Malta, Illinois
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Malta.
Housing Choice Vouchers in Malta, Illinois
On average, Section 8 Housing Choice vouchers pay Malta landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Malta.
The maximum amount a voucher would pay on behalf of a low-income tenant in Malta, Illinois for a two-bedroom apartment is between $1,194 and $1,460.
Sourced from federal housing data and AffordableHousingOnline.com research.
