What HUD offices serve German Valley, 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 German Valley.
How many renters live in German Valley, Illinois?
The City of German Valley has people living in households.
There are renters living in renter households in this City. Renters make up 9.05 percent of the population living in German Valley.
What is the rental market like in German Valley, Illinois?
There are an estimated housing units in the German Valley area. Of these, units are rental homes, making up percent of the housing market. For every renter household in German Valley, Illinois, there are 1.15 rental units.
What is the vacancy rate for rentals in German Valley?
The rental vacancy rate in German Valley is 13 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 German Valley for each bedroom size?
Occupied Rental Units by Size in German Valley
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 12 | 6 | 16 | 0 |
Occupied Rental Units by Size in German Valley
A large number of apartments in German Valley 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 German Valley
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $552 to $1,136. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $552 |
| One BR | $620 |
| Two BR | $814 |
| Three BR | $997 |
| Four BR | $1,136 |
2024 Fair Market Rents in German Valley, Illinois
How many units are rented at Fair Market Rent (FMR) in German Valley?
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 | 6 | 50 percent |
| Two BR | 5 | 83 percent |
Rental Units Below FMR in German Valley, Illinois
How many affordable rental units are in German Valley?
There are a variety of federal affordable housing programs serving households in German Valley, Illinois including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in German Valley, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in German Valley, Illinois
German Valley 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 German Valley, Illinois
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in German Valley.
Housing Choice Vouchers in German Valley, Illinois
On average, Section 8 Housing Choice vouchers pay German Valley landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in German Valley.
The maximum amount a voucher would pay on behalf of a low-income tenant in German Valley, Illinois for a two-bedroom apartment is between $733 and $895.
Sourced from federal housing data and AffordableHousingOnline.com research.