How many renters live in Preston, Idaho?
The City of Preston has people living in households.
There are renters living in renter households in this City. Renters make up 23.62 percent of the population living in Preston.
What is the rental market like in Preston, Idaho?
There are an estimated housing units in the Preston area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Preston, Idaho, there are 1 rental units.
What is the vacancy rate for rentals in Preston?
The rental vacancy rate in Preston 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 Preston for each bedroom size?
Occupied Rental Units by Size in Preston
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 31 | 113 | 333 | 18 | 54 |
Occupied Rental Units by Size in Preston
A large number of apartments in Preston 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 Preston
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $790 to $1,777. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $790 |
| One BR | $836 |
| Two BR | $1,047 |
| Three BR | $1,475 |
| Four BR | $1,777 |
2024 Fair Market Rents in Preston, Idaho
How many units are rented at Fair Market Rent (FMR) in Preston?
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 | 87 | 77 percent |
| Two BR | 309 | 93 percent |
Rental Units Below FMR in Preston, Idaho
How many affordable rental units are in Preston?
There are a variety of federal affordable housing programs serving households in Preston, Idaho including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance |
Tracked Units by Federal Program in Preston, Idaho
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Preston, Idaho
Preston features 38 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 Preston, Idaho
There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Preston.
Housing Choice Vouchers in Preston, Idaho
On average, Section 8 Housing Choice vouchers pay Preston landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Preston.
The maximum amount a voucher would pay on behalf of a low-income tenant in Preston, Idaho for a two-bedroom apartment is between $942 and $1,152.
Sourced from federal housing data and AffordableHousingOnline.com research.
