What HUD offices serve Red Bud, 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 Red Bud.
How many renters live in Red Bud, Illinois?
The City of Red Bud has 3,798 people living in 1,572 households.
There are 763 renters living in 423 renter households in this City. Renters make up 20.09 percent of the population living in Red Bud.
What is the rental market like in Red Bud, Illinois?
There are an estimated 1,661 housing units in the Red Bud area. Of these, 429 units are rental homes, making up 26 percent of the housing market. For every renter household in Red Bud, Illinois, there are 1 rental units.
What is the vacancy rate for rentals in Red Bud?
The rental vacancy rate in Red Bud is 1 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 Red Bud for each bedroom size?
Occupied Rental Units by Size in Red Bud
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 36 | 54 | 281 | 52 | 0 |
Occupied Rental Units by Size in Red Bud
A large number of apartments in Red Bud 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 Red Bud are overburdened by housing costs?
Among renter households in this market, 34 percent have housing cost burden. Further, 18 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 Red Bud
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $547 to $1,285. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $547 |
| One BR | $614 |
| Two BR | $807 |
| Three BR | $1,040 |
| Four BR | $1,285 |
2024 Fair Market Rents in Red Bud, Illinois
How many units are rented at Fair Market Rent (FMR) in Red Bud?
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 | 11 percent |
| One BR | 30 | 56 percent |
| Two BR | 144 | 51 percent |
Rental Units Below FMR in Red Bud, Illinois
How many affordable rental units are in Red Bud?
There are a variety of federal affordable housing programs serving households in Red Bud, Illinois including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 40 |
| USDA Section 515 Rural Rental Housing | 56 |
Tracked Units by Federal Program in Red Bud, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Red Bud, Illinois
Red Bud features 56 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 Red Bud, Illinois
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Red Bud.
Housing Choice Vouchers in Red Bud, Illinois
On average, Section 8 Housing Choice vouchers pay Red Bud landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Red Bud.
The maximum amount a voucher would pay on behalf of a low-income tenant in Red Bud, Illinois for a two-bedroom apartment is between $726 and $888.
Sourced from federal housing data and AffordableHousingOnline.com research.
