How many renters live in Fall River, Kansas?
The City of Fall River has 178 people living in 66 households.
There are 26 renters living in 16 renter households in this City. Renters make up 14.61 percent of the population living in Fall River.
What is the rental market like in Fall River, Kansas?
There are an estimated 104 housing units in the Fall River area. Of these, 16 units are rental homes, making up 15 percent of the housing market. For every renter household in Fall River, Kansas, there are 1 rental units.
What is the vacancy rate for rentals in Fall River?
The rental vacancy rate in Fall River 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 Fall River for each bedroom size?
Occupied Rental Units by Size in Fall River
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 12 | 0 | 3 | 1 |
Occupied Rental Units by Size in Fall River
A large number of apartments in Fall River 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 Fall River are overburdened by housing costs?
Among renter households in this market, 6 percent have housing cost burden. Further, 6 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 Fall River
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 Fall River, Kansas
How many units are rented at Fair Market Rent (FMR) in Fall River?
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 | 12 | 100 percent |
Rental Units Below FMR in Fall River, Kansas
How many affordable rental units are in Fall River?
Income Based Apartments in Fall River, Kansas
Fall River 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 Fall River, Kansas
There are 8 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fall River.
Housing Choice Vouchers in Fall River, Kansas
On average, Section 8 Housing Choice vouchers pay Fall River landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Fall River.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fall River, Kansas for a two-bedroom apartment is between $794 and $970.
Sourced from federal housing data and AffordableHousingOnline.com research.
