How many renters live in Porcupine, South Dakota?
The City of Porcupine has 1,021 people living in 278 households.
There are 494 renters living in 72 renter households in this City. Renters make up 48.38 percent of the population living in Porcupine.
What is the rental market like in Porcupine, South Dakota?
There are an estimated 321 housing units in the Porcupine area. Of these, 72 units are rental homes, making up 22 percent of the housing market. For every renter household in Porcupine, South Dakota, there are 1 rental units.
What is the vacancy rate for rentals in Porcupine?
The rental vacancy rate in Porcupine 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 Porcupine for each bedroom size?
Occupied Rental Units by Size in Porcupine
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 0 | 25 | 47 |
Occupied Rental Units by Size in Porcupine
A large number of apartments in Porcupine 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 Porcupine are overburdened by housing costs?
Among renter households in this market, 64 percent have housing cost burden. Further, 6 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 many units are rented at Fair Market Rent (FMR) in Porcupine?
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 |
Rental Units Below FMR in Porcupine, South Dakota
How many affordable rental units are in Porcupine?
Income Based Apartments in Porcupine, South Dakota
Porcupine 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 Porcupine, South Dakota
There are 21 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Porcupine.
Housing Choice Vouchers in Porcupine, South Dakota
On average, Section 8 Housing Choice vouchers pay Porcupine landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Porcupine.
The maximum amount a voucher would pay on behalf of a low-income tenant in Porcupine, South Dakota for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.
