What HUD offices serve Newark, 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 Newark.
How many renters live in Newark, Illinois?
The City of Newark has 1,156 people living in 411 households.
There are 126 renters living in 58 renter households in this City. Renters make up 10.9 percent of the population living in Newark.
What is the rental market like in Newark, Illinois?
There are an estimated 431 housing units in the Newark area. Of these, 67 units are rental homes, making up 16 percent of the housing market. For every renter household in Newark, Illinois, there are 1 rental units.
What is the vacancy rate for rentals in Newark?
The rental vacancy rate in Newark 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 Newark for each bedroom size?
Occupied Rental Units by Size in Newark
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 23 | 15 | 11 | 7 |
Occupied Rental Units by Size in Newark
A large number of apartments in Newark 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 Newark are overburdened by housing costs?
Among renter households in this market, 38 percent have housing cost burden. Further, 24 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 Newark
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,180 to $2,564. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,180 |
| One BR | $1,325 |
| Two BR | $1,741 |
| Three BR | $2,453 |
| Four BR | $2,564 |
2024 Fair Market Rents in Newark, Illinois
How many units are rented at Fair Market Rent (FMR) in Newark?
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 | 14 | 61 percent |
| Two BR | 15 | 100 percent |
Rental Units Below FMR in Newark, Illinois
How many affordable rental units are in Newark?
There are a variety of federal affordable housing programs serving households in Newark, Illinois including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing | 32 |
Tracked Units by Federal Program in Newark, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Newark, Illinois
Newark features 32 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 Newark, Illinois
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Newark.
Housing Choice Vouchers in Newark, Illinois
On average, Section 8 Housing Choice vouchers pay Newark landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Newark.
The maximum amount a voucher would pay on behalf of a low-income tenant in Newark, Illinois for a two-bedroom apartment is between $1,567 and $1,915.
Sourced from federal housing data and AffordableHousingOnline.com research.
