What HUD offices serve New Boston, 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 Boston.
How many renters live in New Boston, Illinois?
The City of New Boston has 579 people living in 265 households.
There are 118 renters living in 55 renter households in this City. Renters make up 20.38 percent of the population living in New Boston.
What is the rental market like in New Boston, Illinois?
There are an estimated 302 housing units in the New Boston area. Of these, 55 units are rental homes, making up 18 percent of the housing market. For every renter household in New Boston, Illinois, there are 1 rental units.
What is the vacancy rate for rentals in New Boston?
The rental vacancy rate in New Boston 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 Boston for each bedroom size?
Occupied Rental Units by Size in New Boston
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 20 | 13 | 19 | 3 |
Occupied Rental Units by Size in New Boston
A large number of apartments in New Boston 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 New Boston are overburdened by housing costs?
Among renter households in this market, 44 percent have housing cost burden. Further, 5 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 New Boston
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $646 to $1,437. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $646 |
| One BR | $773 |
| Two BR | $953 |
| Three BR | $1,247 |
| Four BR | $1,437 |
2024 Fair Market Rents in New Boston, Illinois
How many units are rented at Fair Market Rent (FMR) in New Boston?
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 | 20 | 100 percent |
| Two BR | 9 | 69 percent |
Rental Units Below FMR in New Boston, Illinois
How many affordable rental units are in New Boston?
There are a variety of federal affordable housing programs serving households in New Boston, Illinois including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 8 |
Tracked Units by Federal Program in New Boston, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in New Boston, Illinois
New Boston 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 New Boston, Illinois
There are 8 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Boston.
Housing Choice Vouchers in New Boston, Illinois
On average, Section 8 Housing Choice vouchers pay New Boston landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in New Boston.
The maximum amount a voucher would pay on behalf of a low-income tenant in New Boston, Illinois for a two-bedroom apartment is between $858 and $1,048.
Sourced from federal housing data and AffordableHousingOnline.com research.
