How many renters live in Sterling, Nebraska?
The City of Sterling has 698 people living in 252 households.
There are 165 renters living in 55 renter households in this City. Renters make up 23.64 percent of the population living in Sterling.
What is the rental market like in Sterling, Nebraska?
There are an estimated 276 housing units in the Sterling area. Of these, 55 units are rental homes, making up 20 percent of the housing market. For every renter household in Sterling, Nebraska, there are 1 rental units.
What is the vacancy rate for rentals in Sterling?
The rental vacancy rate in Sterling 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 Sterling for each bedroom size?
Occupied Rental Units by Size in Sterling
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 2 | 43 | 9 | 1 |
Occupied Rental Units by Size in Sterling
A large number of apartments in Sterling 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 Sterling are overburdened by housing costs?
Among renter households in this market, 38 percent have housing cost burden. Further, 0 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 Sterling
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,163. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $591 |
| One BR | $664 |
| Two BR | $872 |
| Three BR | $1,054 |
| Four BR | $1,163 |
2024 Fair Market Rents in Sterling, Nebraska
How many units are rented at Fair Market Rent (FMR) in Sterling?
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 | 2 | 100 percent |
| Two BR | 29 | 67 percent |
Rental Units Below FMR in Sterling, Nebraska
How many affordable rental units are in Sterling?
Income Based Apartments in Sterling, Nebraska
Sterling features 0 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 Sterling, Nebraska
There are 11 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sterling.
Housing Choice Vouchers in Sterling, Nebraska
On average, Section 8 Housing Choice vouchers pay Sterling landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Sterling.
The maximum amount a voucher would pay on behalf of a low-income tenant in Sterling, Nebraska for a two-bedroom apartment is between $785 and $959.
Sourced from federal housing data and AffordableHousingOnline.com research.
