How many renters live in State Center, Iowa?
The City of State Center has people living in households.
There are renters living in renter households in this City. Renters make up 21.7 percent of the population living in State Center.
What is the rental market like in State Center, Iowa?
There are an estimated housing units in the State Center area. Of these, units are rental homes, making up percent of the housing market. For every renter household in State Center, Iowa, there are 1.11 rental units.
What is the vacancy rate for rentals in State Center?
The rental vacancy rate in State Center is 5 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 State Center for each bedroom size?
Occupied Rental Units by Size in State Center
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 54 | 51 | 37 | 18 |
Occupied Rental Units by Size in State Center
A large number of apartments in State Center 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 State Center
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $699 to $1,261. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $699 |
| One BR | $723 |
| Two BR | $947 |
| Three BR | $1,260 |
| Four BR | $1,261 |
2024 Fair Market Rents in State Center, Iowa
How many units are rented at Fair Market Rent (FMR) in State Center?
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 | 51 | 94 percent |
| Two BR | 40 | 78 percent |
Rental Units Below FMR in State Center, Iowa
How many affordable rental units are in State Center?
There are a variety of federal affordable housing programs serving households in State Center, Iowa including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in State Center, Iowa
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in State Center, Iowa
State Center 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 State Center, Iowa
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in State Center.
Housing Choice Vouchers in State Center, Iowa
On average, Section 8 Housing Choice vouchers pay State Center landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in State Center.
The maximum amount a voucher would pay on behalf of a low-income tenant in State Center, Iowa for a two-bedroom apartment is between $852 and $1,042.
Sourced from federal housing data and AffordableHousingOnline.com research.