Low Income Apartments and Affordable Housing For Rent in Hickman, NE

Discover affordable housing in Hickman where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Fencerock Elderly Housing I

100 Fencerock Ct, Hickman, Nebraska 68372

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Hickman, Nebraska
$20.21/hour
$8.21 (+68%) more than Nebraska minimum wage and $12.96 (+179%) more than the Federal minimum wage.
Learn More About Hickman, Nebraska Affordable Housing ↓

How many renters live in Hickman, Nebraska?

The City of Hickman has 2,697 people living in 879 households.

There are 173 renters living in 113 renter households in this City. Renters make up 6.41 percent of the population living in Hickman.

What is the rental market like in Hickman, Nebraska?

There are an estimated 912 housing units in the Hickman area. Of these, 140 units are rental homes, making up 15 percent of the housing market. For every renter household in Hickman, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Hickman?

The rental vacancy rate in Hickman is 19 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 Hickman for each bedroom size?

Occupied Rental Units by Size in Hickman
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 63 12 7 31
Occupied Rental Units by Size in Hickman

A large number of apartments in Hickman 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 Hickman are overburdened by housing costs?

Among renter households in this market, 53 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 Hickman

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $766 to $1,638. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $766
One BR $856
Two BR $1,067
Three BR $1,504
Four BR $1,638
2024 Fair Market Rents in Hickman, Nebraska

How many units are rented at Fair Market Rent (FMR) in Hickman?

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 42 67 percent
Two BR 5 42 percent
Rental Units Below FMR in Hickman, Nebraska

How many affordable rental units are in Hickman?

There are a variety of federal affordable housing programs serving households in Hickman, Nebraska including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 10
Section 8 Project-Based Rental Assistance 22
Tracked Units by Federal Program in Hickman, Nebraska

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Hickman, Nebraska

Hickman 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 Hickman, Nebraska

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hickman.

Housing Choice Vouchers in Hickman, Nebraska

On average, Section 8 Housing Choice vouchers pay Hickman landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Hickman.

The maximum amount a voucher would pay on behalf of a low-income tenant in Hickman, Nebraska for a two-bedroom apartment is between $960 and $1,174.

Sourced from federal housing data and AffordableHousingOnline.com research.