What HUD offices serve Bond County, Illinois?
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 Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near Bond County.
How many renters live in Bond County, Illinois?
The County of Bond County has people living in households.
There are renters living in renter households in this County. Renters make up 21.55 percent of the population living in Bond County.
What is the rental market like in Bond County, Illinois?
There are an estimated housing units in the Bond County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Bond County, Illinois, there are 1.06 rental units.
What is the vacancy rate for rentals in Bond County?
The rental vacancy rate in Bond County is 6 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 Bond County for each bedroom size?
Occupied Rental Units by Size in Bond County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 146 | 524 | 509 | 402 | 69 |
Occupied Rental Units by Size in Bond County
A large number of apartments in Bond County 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 Bond County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $605 to $1,342. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $605 |
| One BR | $794 |
| Two BR | $893 |
| Three BR | $1,163 |
| Four BR | $1,342 |
2024 Fair Market Rents in Bond County, Illinois
How many units are rented at Fair Market Rent (FMR) in Bond County?
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 | 117 | 80 percent |
| One BR | 297 | 57 percent |
| Two BR | 346 | 68 percent |
Rental Units Below FMR in Bond County, Illinois
How many affordable rental units are in Bond County?
There are a variety of federal affordable housing programs serving households in Bond County, Illinois including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Bond County, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Bond County, Illinois
Bond County features 282 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 Bond County, Illinois
There are 42 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bond County.
Housing Choice Vouchers in Bond County, Illinois
On average, Section 8 Housing Choice vouchers pay Bond County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Bond County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bond County, Illinois for a two-bedroom apartment is between $804 and $982.
Sourced from federal housing data and AffordableHousingOnline.com research.