How many renters live in Ridgeway, Iowa?
The City of Ridgeway has people living in households.
There are renters living in renter households in this City. Renters make up 25.3 percent of the population living in Ridgeway.
What is the rental market like in Ridgeway, Iowa?
There are an estimated housing units in the Ridgeway area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Ridgeway, Iowa, there are 1 rental units.
What is the vacancy rate for rentals in Ridgeway?
The rental vacancy rate in Ridgeway 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 Ridgeway for each bedroom size?
Occupied Rental Units by Size in Ridgeway
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 13 | 32 | 7 | 1 |
Occupied Rental Units by Size in Ridgeway
A large number of apartments in Ridgeway have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Ridgeway
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,148. 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 | $1,144 |
| Four BR | $1,148 |
2024 Fair Market Rents in Ridgeway, Iowa
How many units are rented at Fair Market Rent (FMR) in Ridgeway?
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 | 7 | 54 percent |
| Two BR | 27 | 84 percent |
Rental Units Below FMR in Ridgeway, Iowa
How many affordable rental units are in Ridgeway?
Income Based Apartments in Ridgeway, Iowa
Ridgeway 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 Ridgeway, Iowa
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ridgeway.
Housing Choice Vouchers in Ridgeway, Iowa
On average, Section 8 Housing Choice vouchers pay Ridgeway landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Ridgeway.
The maximum amount a voucher would pay on behalf of a low-income tenant in Ridgeway, Iowa for a two-bedroom apartment is between $776 and $948.
Sourced from federal housing data and AffordableHousingOnline.com research.