How many renters live in Genesee, Idaho?
The City of Genesee has people living in households.
There are renters living in renter households in this City. Renters make up 9.76 percent of the population living in Genesee.
What is the rental market like in Genesee, Idaho?
There are an estimated housing units in the Genesee area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Genesee, Idaho, there are 1.14 rental units.
What is the vacancy rate for rentals in Genesee?
The rental vacancy rate in Genesee is 12 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 Genesee for each bedroom size?
Occupied Rental Units by Size in Genesee
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 3 | 17 | 12 | 5 |
Occupied Rental Units by Size in Genesee
A large number of apartments in Genesee 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 Genesee
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $703 to $1,605. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $703 |
| One BR | $763 |
| Two BR | $946 |
| Three BR | $1,333 |
| Four BR | $1,605 |
2024 Fair Market Rents in Genesee, Idaho
How many units are rented at Fair Market Rent (FMR) in Genesee?
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 | 0 | 100 percent |
| Two BR | 13 | 76 percent |
Rental Units Below FMR in Genesee, Idaho
How many affordable rental units are in Genesee?
There are a variety of federal affordable housing programs serving households in Genesee, Idaho including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Genesee, Idaho
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Genesee, Idaho
Genesee features 8 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 Genesee, Idaho
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Genesee.
Housing Choice Vouchers in Genesee, Idaho
On average, Section 8 Housing Choice vouchers pay Genesee landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Genesee.
The maximum amount a voucher would pay on behalf of a low-income tenant in Genesee, Idaho for a two-bedroom apartment is between $851 and $1,041.
Sourced from federal housing data and AffordableHousingOnline.com research.