What HUD offices serve Paw Paw, 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 Paw Paw.
How many renters live in Paw Paw, Illinois?
The City of Paw Paw has 981 people living in 386 households.
There are 157 renters living in 104 renter households in this City. Renters make up 16 percent of the population living in Paw Paw.
What is the rental market like in Paw Paw, Illinois?
There are an estimated 441 housing units in the Paw Paw area. Of these, 113 units are rental homes, making up 26 percent of the housing market. For every renter household in Paw Paw, Illinois, there are 1 rental units.
What is the vacancy rate for rentals in Paw Paw?
The rental vacancy rate in Paw Paw is 8 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 Paw Paw for each bedroom size?
Occupied Rental Units by Size in Paw Paw
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 20 | 64 | 18 | 2 |
Occupied Rental Units by Size in Paw Paw
A large number of apartments in Paw Paw 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 Paw Paw are overburdened by housing costs?
Among renter households in this market, 32 percent have housing cost burden. Further, 25 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 Paw Paw
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $553 to $1,188. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $553 |
| One BR | $710 |
| Two BR | $807 |
| Three BR | $1,137 |
| Four BR | $1,188 |
2024 Fair Market Rents in Paw Paw, Illinois
How many units are rented at Fair Market Rent (FMR) in Paw Paw?
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 | 11 | 55 percent |
| Two BR | 24 | 38 percent |
Rental Units Below FMR in Paw Paw, Illinois
How many affordable rental units are in Paw Paw?
There are a variety of federal affordable housing programs serving households in Paw Paw, Illinois including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 12 |
| USDA Section 515 Rural Rental Housing | 12 |
Tracked Units by Federal Program in Paw Paw, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Paw Paw, Illinois
Paw Paw 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 Paw Paw, Illinois
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Paw Paw.
Housing Choice Vouchers in Paw Paw, Illinois
On average, Section 8 Housing Choice vouchers pay Paw Paw landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Paw Paw.
The maximum amount a voucher would pay on behalf of a low-income tenant in Paw Paw, Illinois for a two-bedroom apartment is between $726 and $888.
Sourced from federal housing data and AffordableHousingOnline.com research.
