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

Discover affordable housing in Ponca 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.

Pioneer Square

126 W 4th St, Ponca, Nebraska 68770

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Ponca, Nebraska
$19.13/hour
$7.13 (+59%) more than Nebraska minimum wage and $11.88 (+164%) more than the Federal minimum wage.
Learn More About Ponca, Nebraska Affordable Housing ↓

How many renters live in Ponca, Nebraska?

The City of Ponca has 713 people living in 347 households.

There are 131 renters living in 91 renter households in this City. Renters make up 18.37 percent of the population living in Ponca.

What is the rental market like in Ponca, Nebraska?

There are an estimated 389 housing units in the Ponca area. Of these, 117 units are rental homes, making up 30 percent of the housing market. For every renter household in Ponca, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Ponca?

The rental vacancy rate in Ponca is 15 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 Ponca for each bedroom size?

Occupied Rental Units by Size in Ponca
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
6 35 34 16 0
Occupied Rental Units by Size in Ponca

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

Among renter households in this market, 45 percent have housing cost burden. Further, 22 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 Ponca

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $685 to $1,345. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $685
One BR $780
Two BR $1,010
Three BR $1,228
Four BR $1,345
2024 Fair Market Rents in Ponca, Nebraska

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

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 6 100 percent
One BR 35 100 percent
Two BR 34 100 percent
Rental Units Below FMR in Ponca, Nebraska

How many affordable rental units are in Ponca?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 22
Tracked Units by Federal Program in Ponca, Nebraska

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

Income Based Apartments in Ponca, Nebraska

Ponca features 22 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 Ponca, Nebraska

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

Housing Choice Vouchers in Ponca, Nebraska

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Ponca, Nebraska for a two-bedroom apartment is between $909 and $1,111.

Sourced from federal housing data and AffordableHousingOnline.com research.