How many renters live in West Union, Iowa?
The City of West Union has people living in households.
There are renters living in renter households in this City. Renters make up 30.92 percent of the population living in West Union.
What is the rental market like in West Union, Iowa?
There are an estimated housing units in the West Union area. Of these, units are rental homes, making up percent of the housing market. For every renter household in West Union, Iowa, there are 1.21 rental units.
What is the vacancy rate for rentals in West Union?
The rental vacancy rate in West Union is 15 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 West Union for each bedroom size?
Occupied Rental Units by Size in West Union
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 5 | 79 | 198 | 68 | 41 |
Occupied Rental Units by Size in West Union
A large number of apartments in West Union 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 West Union
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $584 to $1,463. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $584 |
| One BR | $656 |
| Two BR | $862 |
| Three BR | $1,093 |
| Four BR | $1,463 |
2024 Fair Market Rents in West Union, Iowa
How many units are rented at Fair Market Rent (FMR) in West Union?
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 | 5 | 100 percent |
| One BR | 30 | 38 percent |
| Two BR | 107 | 54 percent |
Rental Units Below FMR in West Union, Iowa
How many affordable rental units are in West Union?
There are a variety of federal affordable housing programs serving households in West Union, Iowa including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in West Union, Iowa
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in West Union, Iowa
West Union features 80 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 West Union, Iowa
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in West Union.
Housing Choice Vouchers in West Union, Iowa
On average, Section 8 Housing Choice vouchers pay West Union landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in West Union.
The maximum amount a voucher would pay on behalf of a low-income tenant in West Union, Iowa for a two-bedroom apartment is between $776 and $948.
Sourced from federal housing data and AffordableHousingOnline.com research.