How many renters live in Cottonwood Falls, Kansas?
The City of Cottonwood Falls has 888 people living in 348 households.
There are 132 renters living in 84 renter households in this City. Renters make up 14.86 percent of the population living in Cottonwood Falls.
What is the rental market like in Cottonwood Falls, Kansas?
There are an estimated 418 housing units in the Cottonwood Falls area. Of these, 111 units are rental homes, making up 27 percent of the housing market. For every renter household in Cottonwood Falls, Kansas, there are 1 rental units.
What is the vacancy rate for rentals in Cottonwood Falls?
The rental vacancy rate in Cottonwood Falls is 24 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 Cottonwood Falls for each bedroom size?
Occupied Rental Units by Size in Cottonwood Falls
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 22 | 36 | 14 | 12 |
Occupied Rental Units by Size in Cottonwood Falls
A large number of apartments in Cottonwood Falls 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 Cottonwood Falls are overburdened by housing costs?
Among renter households in this market, 18 percent have housing cost burden. Further, 2 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 Cottonwood Falls
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $633 to $1,244. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $633 |
| One BR | $671 |
| Two BR | $882 |
| Three BR | $1,066 |
| Four BR | $1,244 |
2024 Fair Market Rents in Cottonwood Falls, Kansas
How many units are rented at Fair Market Rent (FMR) in Cottonwood Falls?
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 | 20 | 91 percent |
| Two BR | 33 | 92 percent |
Rental Units Below FMR in Cottonwood Falls, Kansas
How many affordable rental units are in Cottonwood Falls?
There are a variety of federal affordable housing programs serving households in Cottonwood Falls, Kansas including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing | 20 |
Tracked Units by Federal Program in Cottonwood Falls, Kansas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Cottonwood Falls, Kansas
Cottonwood Falls features 20 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 Cottonwood Falls, Kansas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cottonwood Falls.
Housing Choice Vouchers in Cottonwood Falls, Kansas
On average, Section 8 Housing Choice vouchers pay Cottonwood Falls landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Cottonwood Falls.
The maximum amount a voucher would pay on behalf of a low-income tenant in Cottonwood Falls, Kansas for a two-bedroom apartment is between $794 and $970.
Sourced from federal housing data and AffordableHousingOnline.com research.
