What HUD offices serve Villa Grove, 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 Villa Grove.
How many renters live in Villa Grove, Illinois?
The City of Villa Grove has 2,418 people living in 1,040 households.
There are 523 renters living in 226 renter households in this City. Renters make up 21.63 percent of the population living in Villa Grove.
What is the rental market like in Villa Grove, Illinois?
There are an estimated 1,172 housing units in the Villa Grove area. Of these, 257 units are rental homes, making up 22 percent of the housing market. For every renter household in Villa Grove, Illinois, there are 1 rental units.
What is the vacancy rate for rentals in Villa Grove?
The rental vacancy rate in Villa Grove 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 Villa Grove for each bedroom size?
Occupied Rental Units by Size in Villa Grove
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 21 | 76 | 124 | 5 |
Occupied Rental Units by Size in Villa Grove
A large number of apartments in Villa Grove 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 Villa Grove are overburdened by housing costs?
Among renter households in this market, 50 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 Villa Grove
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $699 to $1,144. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $699 |
| One BR | $703 |
| Two BR | $820 |
| Three BR | $1,077 |
| Four BR | $1,144 |
2024 Fair Market Rents in Villa Grove, Illinois
How many units are rented at Fair Market Rent (FMR) in Villa Grove?
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 | 9 | 43 percent |
| Two BR | 46 | 61 percent |
Rental Units Below FMR in Villa Grove, Illinois
How many affordable rental units are in Villa Grove?
There are a variety of federal affordable housing programs serving households in Villa Grove, Illinois including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 23 |
| Section 8 Project-Based Rental Assistance | 8 |
| USDA Section 515 Rural Rental Housing | 23 |
Tracked Units by Federal Program in Villa Grove, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Villa Grove, Illinois
Villa Grove features 23 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 Villa Grove, Illinois
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Villa Grove.
Housing Choice Vouchers in Villa Grove, Illinois
On average, Section 8 Housing Choice vouchers pay Villa Grove landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Villa Grove.
The maximum amount a voucher would pay on behalf of a low-income tenant in Villa Grove, Illinois for a two-bedroom apartment is between $738 and $902.
Sourced from federal housing data and AffordableHousingOnline.com research.
