How many renters live in Hull, Iowa?
The City of Hull has 2,340 people living in 826 households.
There are 216 renters living in 97 renter households in this City. Renters make up 9.23 percent of the population living in Hull.
What is the rental market like in Hull, Iowa?
There are an estimated 860 housing units in the Hull area. Of these, 109 units are rental homes, making up 13 percent of the housing market. For every renter household in Hull, Iowa, there are 1 rental units.
What is the vacancy rate for rentals in Hull?
The rental vacancy rate in Hull is 11 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 Hull for each bedroom size?
Occupied Rental Units by Size in Hull
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 97 | 0 | 0 |
Occupied Rental Units by Size in Hull
A large number of apartments in Hull 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 Hull are overburdened by housing costs?
Among renter households in this market, 64 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 Hull
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $682 to $1,175. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $682 |
| One BR | $695 |
| Two BR | $882 |
| Three BR | $1,170 |
| Four BR | $1,175 |
2024 Fair Market Rents in Hull, Iowa
How many units are rented at Fair Market Rent (FMR) in Hull?
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 |
| Two BR | 43 | 44 percent |
Rental Units Below FMR in Hull, Iowa
How many affordable rental units are in Hull?
There are a variety of federal affordable housing programs serving households in Hull, Iowa including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 12 |
Tracked Units by Federal Program in Hull, Iowa
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Hull, Iowa
Hull features 0 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 Hull, Iowa
There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hull.
Housing Choice Vouchers in Hull, Iowa
On average, Section 8 Housing Choice vouchers pay Hull landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Hull.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hull, Iowa for a two-bedroom apartment is between $794 and $970.
Sourced from federal housing data and AffordableHousingOnline.com research.
