How many renters live in Humboldt, Iowa?
The City of Humboldt has 4,774 people living in 2,172 households.
There are 1,157 renters living in 724 renter households in this City. Renters make up 24.24 percent of the population living in Humboldt.
What is the rental market like in Humboldt, Iowa?
There are an estimated 2,269 housing units in the Humboldt area. Of these, 755 units are rental homes, making up 33 percent of the housing market. For every renter household in Humboldt, Iowa, there are 1 rental units.
What is the vacancy rate for rentals in Humboldt?
The rental vacancy rate in Humboldt is 4 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 Humboldt for each bedroom size?
Occupied Rental Units by Size in Humboldt
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 228 | 340 | 92 | 51 |
Occupied Rental Units by Size in Humboldt
A large number of apartments in Humboldt 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 Humboldt are overburdened by housing costs?
Among renter households in this market, 21 percent have housing cost burden. Further, 19 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 Humboldt
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,224. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $630 |
| One BR | $701 |
| Two BR | $862 |
| Three BR | $1,215 |
| Four BR | $1,224 |
2024 Fair Market Rents in Humboldt, Iowa
How many units are rented at Fair Market Rent (FMR) in Humboldt?
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 | 152 | 67 percent |
| Two BR | 258 | 76 percent |
Rental Units Below FMR in Humboldt, Iowa
How many affordable rental units are in Humboldt?
There are a variety of federal affordable housing programs serving households in Humboldt, Iowa including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 51 |
| USDA Section 515 Rural Rental Housing | 120 |
Tracked Units by Federal Program in Humboldt, Iowa
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Humboldt, Iowa
Humboldt features 120 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 Humboldt, Iowa
There are 26 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Humboldt.
Housing Choice Vouchers in Humboldt, Iowa
On average, Section 8 Housing Choice vouchers pay Humboldt landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Humboldt.
The maximum amount a voucher would pay on behalf of a low-income tenant in Humboldt, Iowa for a two-bedroom apartment is between $776 and $948.
Sourced from federal housing data and AffordableHousingOnline.com research.
