How many renters live in Chickasaw County, Iowa?
The County of Chickasaw County has 11,957 people living in 4,920 households.
There are 1,955 renters living in 899 renter households in this County. Renters make up 16.35 percent of the population living in Chickasaw County.
What is the rental market like in Chickasaw County, Iowa?
There are an estimated 5,540 housing units in the Chickasaw County area. Of these, 977 units are rental homes, making up 18 percent of the housing market. For every renter household in Chickasaw County, Iowa, there are 1 rental units.
What is the vacancy rate for rentals in Chickasaw County?
The rental vacancy rate in Chickasaw County is 3 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 Chickasaw County for each bedroom size?
Occupied Rental Units by Size in Chickasaw County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 42 | 128 | 363 | 198 | 139 |
Occupied Rental Units by Size in Chickasaw County
A large number of apartments in Chickasaw County 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 Chickasaw County are overburdened by housing costs?
Among renter households in this market, 26 percent have housing cost burden. Further, 9 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 Chickasaw County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $667 to $1,355. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $667 |
| One BR | $687 |
| Two BR | $862 |
| Three BR | $1,215 |
| Four BR | $1,355 |
2024 Fair Market Rents in Chickasaw County, Iowa
How many units are rented at Fair Market Rent (FMR) in Chickasaw County?
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 | 39 | 93 percent |
| One BR | 94 | 73 percent |
| Two BR | 212 | 58 percent |
Rental Units Below FMR in Chickasaw County, Iowa
How many affordable rental units are in Chickasaw County?
There are a variety of federal affordable housing programs serving households in Chickasaw County, Iowa including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing | 38 |
Tracked Units by Federal Program in Chickasaw County, Iowa
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Chickasaw County, Iowa
Chickasaw County features 28 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 Chickasaw County, Iowa
There are 14 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Chickasaw County.
Housing Choice Vouchers in Chickasaw County, Iowa
On average, Section 8 Housing Choice vouchers pay Chickasaw County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Chickasaw County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Chickasaw County, Iowa for a two-bedroom apartment is between $776 and $948.
Sourced from federal housing data and AffordableHousingOnline.com research.
