What HUD offices serve Hamburg, Iowa?
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 Iowa Public Housing and Low-Income Apartments Waiting Lists page for openings near Hamburg.
How many renters live in Hamburg, Iowa?
The City of Hamburg has 1,087 people living in 480 households.
There are 230 renters living in 111 renter households in this City. Renters make up 21.16 percent of the population living in Hamburg.
What is the rental market like in Hamburg, Iowa?
There are an estimated 588 housing units in the Hamburg area. Of these, 115 units are rental homes, making up 20 percent of the housing market. For every renter household in Hamburg, Iowa, there are 1 rental units.
What is the vacancy rate for rentals in Hamburg?
The rental vacancy rate in Hamburg 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 Hamburg for each bedroom size?
Occupied Rental Units by Size in Hamburg
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 2 | 18 | 67 | 22 | 2 |
Occupied Rental Units by Size in Hamburg
A large number of apartments in Hamburg 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 Hamburg are overburdened by housing costs?
Among renter households in this market, 15 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 Hamburg
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,328. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $630 |
| One BR | $656 |
| Two BR | $862 |
| Three BR | $1,181 |
| Four BR | $1,328 |
2024 Fair Market Rents in Hamburg, Iowa
How many units are rented at Fair Market Rent (FMR) in Hamburg?
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 | 0 | 100 percent |
| One BR | 10 | 56 percent |
| Two BR | 53 | 79 percent |
Rental Units Below FMR in Hamburg, Iowa
How many affordable rental units are in Hamburg?
Income Based Apartments in Hamburg, Iowa
Hamburg features 24 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 Hamburg, Iowa
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hamburg.
Housing Choice Vouchers in Hamburg, Iowa
On average, Section 8 Housing Choice vouchers pay Hamburg landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Hamburg.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hamburg, Iowa for a two-bedroom apartment is between $776 and $948.
Sourced from federal housing data and AffordableHousingOnline.com research.
