What HUD offices serve Newell, South Dakota?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the South Dakota Public Housing and Low-Income Apartments Waiting Lists page for openings near Newell.
How many renters live in Newell, South Dakota?
The City of Newell has 489 people living in 209 households.
There are 49 renters living in 24 renter households in this City. Renters make up 10.02 percent of the population living in Newell.
What is the rental market like in Newell, South Dakota?
There are an estimated 282 housing units in the Newell area. Of these, 26 units are rental homes, making up 9 percent of the housing market. For every renter household in Newell, South Dakota, there are 1 rental units.
What is the vacancy rate for rentals in Newell?
The rental vacancy rate in Newell 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 Newell for each bedroom size?
Occupied Rental Units by Size in Newell
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 3 | 9 | 6 | 1 | 0 |
Occupied Rental Units by Size in Newell
A large number of apartments in Newell 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 Newell are overburdened by housing costs?
Among renter households in this market, 17 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 Newell
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $740 to $1,708. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $740 |
| One BR | $809 |
| Two BR | $1,063 |
| Three BR | $1,285 |
| Four BR | $1,708 |
2024 Fair Market Rents in Newell, South Dakota
How many units are rented at Fair Market Rent (FMR) in Newell?
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 | 0 | 100 percent |
| One BR | 9 | 100 percent |
| Two BR | 6 | 100 percent |
Rental Units Below FMR in Newell, South Dakota
How many affordable rental units are in Newell?
There are a variety of federal affordable housing programs serving households in Newell, South Dakota including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 34 |
| USDA Section 515 Rural Rental Housing | 10 |
Tracked Units by Federal Program in Newell, South Dakota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Newell, South Dakota
Newell features 34 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 Newell, South Dakota
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Newell.
Housing Choice Vouchers in Newell, South Dakota
On average, Section 8 Housing Choice vouchers pay Newell landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Newell.
The maximum amount a voucher would pay on behalf of a low-income tenant in Newell, South Dakota for a two-bedroom apartment is between $957 and $1,169.
Sourced from federal housing data and AffordableHousingOnline.com research.
