How many renters live in Sherman County, Kansas?
The County of Sherman County has 5,940 people living in 2,317 households.
There are 1,792 renters living in 808 renter households in this County. Renters make up 30.17 percent of the population living in Sherman County.
What is the rental market like in Sherman County, Kansas?
There are an estimated 2,951 housing units in the Sherman County area. Of these, 852 units are rental homes, making up 29 percent of the housing market. For every renter household in Sherman County, Kansas, there are 1 rental units.
What is the vacancy rate for rentals in Sherman County?
The rental vacancy rate in Sherman County 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 Sherman County for each bedroom size?
Occupied Rental Units by Size in Sherman County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 16 | 117 | 400 | 241 | 12 |
Occupied Rental Units by Size in Sherman County
A large number of apartments in Sherman County 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 Sherman County are overburdened by housing costs?
Among renter households in this market, 40 percent have housing cost burden. Further, 23 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 Sherman County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $687 to $1,350. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $687 |
| One BR | $728 |
| Two BR | $957 |
| Three BR | $1,157 |
| Four BR | $1,350 |
2024 Fair Market Rents in Sherman County, Kansas
How many units are rented at Fair Market Rent (FMR) in Sherman County?
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 | 16 | 100 percent |
| One BR | 54 | 46 percent |
| Two BR | 285 | 71 percent |
Rental Units Below FMR in Sherman County, Kansas
How many affordable rental units are in Sherman County?
There are a variety of federal affordable housing programs serving households in Sherman County, Kansas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 39 |
| Public Housing | 83 |
| USDA Section 515 Rural Rental Housing | 16 |
Tracked Units by Federal Program in Sherman County, Kansas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Sherman County, Kansas
Sherman County features 100 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 Sherman County, Kansas
There are 57 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sherman County.
Housing Choice Vouchers in Sherman County, Kansas
On average, Section 8 Housing Choice vouchers pay Sherman County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Sherman County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Sherman County, Kansas for a two-bedroom apartment is between $861 and $1,053.
Sourced from federal housing data and AffordableHousingOnline.com research.
