How many renters live in Silver Creek, Nebraska?
The City of Silver Creek has people living in households.
There are renters living in renter households in this City. Renters make up 23.96 percent of the population living in Silver Creek.
What is the rental market like in Silver Creek, Nebraska?
There are an estimated housing units in the Silver Creek area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Silver Creek, Nebraska, there are 1.09 rental units.
What is the vacancy rate for rentals in Silver Creek?
The rental vacancy rate in Silver Creek is 8 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 Silver Creek for each bedroom size?
Occupied Rental Units by Size in Silver Creek
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 9 | 32 | 4 | 0 |
Occupied Rental Units by Size in Silver Creek
A large number of apartments in Silver Creek have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Silver Creek
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $609 to $1,292. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $609 |
| One BR | $711 |
| Two BR | $872 |
| Three BR | $1,147 |
| Four BR | $1,292 |
2024 Fair Market Rents in Silver Creek, Nebraska
How many units are rented at Fair Market Rent (FMR) in Silver Creek?
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 | 9 | 100 percent |
| Two BR | 17 | 53 percent |
Rental Units Below FMR in Silver Creek, Nebraska
How many affordable rental units are in Silver Creek?
There are a variety of federal affordable housing programs serving households in Silver Creek, Nebraska including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Silver Creek, Nebraska
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Silver Creek, Nebraska
Silver Creek features 16 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 Silver Creek, Nebraska
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Silver Creek.
Housing Choice Vouchers in Silver Creek, Nebraska
On average, Section 8 Housing Choice vouchers pay Silver Creek landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Silver Creek.
The maximum amount a voucher would pay on behalf of a low-income tenant in Silver Creek, Nebraska for a two-bedroom apartment is between $785 and $959.
Sourced from federal housing data and AffordableHousingOnline.com research.
