How many renters live in Sharon Springs, Kansas?
The City of Sharon Springs has 869 people living in 372 households.
There are 185 renters living in 113 renter households in this City. Renters make up 21.29 percent of the population living in Sharon Springs.
What is the rental market like in Sharon Springs, Kansas?
There are an estimated 406 housing units in the Sharon Springs area. Of these, 121 units are rental homes, making up 30 percent of the housing market. For every renter household in Sharon Springs, Kansas, there are 1 rental units.
What is the vacancy rate for rentals in Sharon Springs?
The rental vacancy rate in Sharon Springs is 7 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 Sharon Springs for each bedroom size?
Occupied Rental Units by Size in Sharon Springs
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 52 | 18 | 31 | 8 |
Occupied Rental Units by Size in Sharon Springs
A large number of apartments in Sharon Springs 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 Sharon Springs are overburdened by housing costs?
Among renter households in this market, 11 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 Sharon Springs
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 | $1,101 |
| Four BR | $1,244 |
2024 Fair Market Rents in Sharon Springs, Kansas
How many units are rented at Fair Market Rent (FMR) in Sharon Springs?
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 | 43 | 83 percent |
| Two BR | 12 | 67 percent |
Rental Units Below FMR in Sharon Springs, Kansas
How many affordable rental units are in Sharon Springs?
There are a variety of federal affordable housing programs serving households in Sharon Springs, Kansas including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 13 |
Tracked Units by Federal Program in Sharon Springs, Kansas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Sharon Springs, Kansas
Sharon Springs features 13 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 Sharon Springs, Kansas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sharon Springs.
Housing Choice Vouchers in Sharon Springs, Kansas
On average, Section 8 Housing Choice vouchers pay Sharon Springs landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Sharon Springs.
The maximum amount a voucher would pay on behalf of a low-income tenant in Sharon Springs, Kansas for a two-bedroom apartment is between $794 and $970.
Sourced from federal housing data and AffordableHousingOnline.com research.
