How many renters live in Beaver City, Nebraska?
The City of Beaver City has 500 people living in 238 households.
There are 145 renters living in 73 renter households in this City. Renters make up 29 percent of the population living in Beaver City.
What is the rental market like in Beaver City, Nebraska?
There are an estimated 316 housing units in the Beaver City area. Of these, 73 units are rental homes, making up 23 percent of the housing market. For every renter household in Beaver City, Nebraska, there are 1 rental units.
What is the vacancy rate for rentals in Beaver City?
The rental vacancy rate in Beaver City 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 Beaver City for each bedroom size?
Occupied Rental Units by Size in Beaver City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 12 | 37 | 21 | 0 |
Occupied Rental Units by Size in Beaver City
A large number of apartments in Beaver City 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 Beaver City are overburdened by housing costs?
Among renter households in this market, 25 percent have housing cost burden. Further, 10 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 Beaver City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,227. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $591 |
| One BR | $708 |
| Two BR | $872 |
| Three BR | $1,095 |
| Four BR | $1,227 |
2024 Fair Market Rents in Beaver City, Nebraska
How many units are rented at Fair Market Rent (FMR) in Beaver City?
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 | 11 | 92 percent |
| Two BR | 29 | 78 percent |
Rental Units Below FMR in Beaver City, Nebraska
How many affordable rental units are in Beaver City?
There are a variety of federal affordable housing programs serving households in Beaver City, Nebraska including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 24 |
| USDA Section 515 Rural Rental Housing | 8 |
Tracked Units by Federal Program in Beaver City, Nebraska
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Beaver City, Nebraska
Beaver City features 8 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 Beaver City, Nebraska
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Beaver City.
Housing Choice Vouchers in Beaver City, Nebraska
On average, Section 8 Housing Choice vouchers pay Beaver City landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Beaver City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Beaver City, Nebraska for a two-bedroom apartment is between $785 and $959.
Sourced from federal housing data and AffordableHousingOnline.com research.
