What HUD offices serve Veblen, 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 Veblen.
How many renters live in Veblen, South Dakota?
The City of Veblen has 472 people living in 154 households.
There are 188 renters living in 72 renter households in this City. Renters make up 39.83 percent of the population living in Veblen.
What is the rental market like in Veblen, South Dakota?
There are an estimated 196 housing units in the Veblen area. Of these, 97 units are rental homes, making up 49 percent of the housing market. For every renter household in Veblen, South Dakota, there are 1 rental units.
What is the vacancy rate for rentals in Veblen?
The rental vacancy rate in Veblen is 23 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 Veblen for each bedroom size?
Occupied Rental Units by Size in Veblen
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 14 | 28 | 30 | 0 |
Occupied Rental Units by Size in Veblen
A large number of apartments in Veblen 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 Veblen are overburdened by housing costs?
Among renter households in this market, 15 percent have housing cost burden. Further, 8 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 Veblen
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,454. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $613 |
| One BR | $760 |
| Two BR | $905 |
| Three BR | $1,268 |
| Four BR | $1,454 |
2024 Fair Market Rents in Veblen, South Dakota
How many units are rented at Fair Market Rent (FMR) in Veblen?
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 | 14 | 100 percent |
| Two BR | 18 | 64 percent |
Rental Units Below FMR in Veblen, South Dakota
How many affordable rental units are in Veblen?
Income Based Apartments in Veblen, South Dakota
Veblen features 10 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 Veblen, South Dakota
There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Veblen.
Housing Choice Vouchers in Veblen, South Dakota
On average, Section 8 Housing Choice vouchers pay Veblen landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Veblen.
The maximum amount a voucher would pay on behalf of a low-income tenant in Veblen, South Dakota for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.
