What HUD offices serve New Baden, 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 New Baden.
How many renters live in New Baden, Illinois?
The City of New Baden has people living in households.
There are renters living in renter households in this City. Renters make up 44.92 percent of the population living in New Baden.
What is the rental market like in New Baden, Illinois?
There are an estimated housing units in the New Baden area. Of these, units are rental homes, making up percent of the housing market. For every renter household in New Baden, Illinois, there are 1 rental units.
What is the vacancy rate for rentals in New Baden?
The rental vacancy rate in New Baden 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 New Baden for each bedroom size?
Occupied Rental Units by Size in New Baden
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 75 | 16 | 204 | 229 | 27 |
Occupied Rental Units by Size in New Baden
A large number of apartments in New Baden 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 New Baden
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $928 to $1,818. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $928 |
| One BR | $972 |
| Two BR | $1,209 |
| Three BR | $1,565 |
| Four BR | $1,818 |
2024 Fair Market Rents in New Baden, Illinois
How many units are rented at Fair Market Rent (FMR) in New Baden?
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 | 59 | 79 percent |
| One BR | 16 | 100 percent |
| Two BR | 154 | 75 percent |
Rental Units Below FMR in New Baden, Illinois
How many affordable rental units are in New Baden?
There are a variety of federal affordable housing programs serving households in New Baden, Illinois including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in New Baden, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in New Baden, Illinois
New Baden features 32 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 New Baden, Illinois
There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Baden.
Housing Choice Vouchers in New Baden, Illinois
On average, Section 8 Housing Choice vouchers pay New Baden landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in New Baden.
The maximum amount a voucher would pay on behalf of a low-income tenant in New Baden, Illinois for a two-bedroom apartment is between $1,088 and $1,330.
Sourced from federal housing data and AffordableHousingOnline.com research.