What HUD offices serve Golden, 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 Golden.
How many renters live in Golden, Illinois?
The City of Golden has 771 people living in 322 households.
There are 150 renters living in 68 renter households in this City. Renters make up 19.46 percent of the population living in Golden.
What is the rental market like in Golden, Illinois?
There are an estimated 365 housing units in the Golden area. Of these, 79 units are rental homes, making up 22 percent of the housing market. For every renter household in Golden, Illinois, there are 1 rental units.
What is the vacancy rate for rentals in Golden?
The rental vacancy rate in Golden is 14 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 Golden for each bedroom size?
Occupied Rental Units by Size in Golden
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 4 | 7 | 28 | 29 | 0 |
Occupied Rental Units by Size in Golden
A large number of apartments in Golden 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 Golden are overburdened by housing costs?
Among renter households in this market, 40 percent have housing cost burden. Further, 28 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 Golden
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $593 to $1,165. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $593 |
| One BR | $666 |
| Two BR | $875 |
| Three BR | $1,137 |
| Four BR | $1,165 |
2024 Fair Market Rents in Golden, Illinois
How many units are rented at Fair Market Rent (FMR) in Golden?
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 | 4 | 100 percent |
| One BR | 4 | 57 percent |
| Two BR | 26 | 93 percent |
Rental Units Below FMR in Golden, Illinois
How many affordable rental units are in Golden?
There are a variety of federal affordable housing programs serving households in Golden, Illinois including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 6 |
Tracked Units by Federal Program in Golden, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Golden, Illinois
Golden features 0 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 Golden, Illinois
There are 6 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Golden.
Housing Choice Vouchers in Golden, Illinois
On average, Section 8 Housing Choice vouchers pay Golden landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Golden.
The maximum amount a voucher would pay on behalf of a low-income tenant in Golden, Illinois for a two-bedroom apartment is between $788 and $963.
Sourced from federal housing data and AffordableHousingOnline.com research.
