How many renters live in Smith Center, Kansas?
The City of Smith Center has 1,539 people living in 664 households.
There are 329 renters living in 131 renter households in this City. Renters make up 21.38 percent of the population living in Smith Center.
What is the rental market like in Smith Center, Kansas?
There are an estimated 796 housing units in the Smith Center area. Of these, 157 units are rental homes, making up 20 percent of the housing market. For every renter household in Smith Center, Kansas, there are 1 rental units.
What is the vacancy rate for rentals in Smith Center?
The rental vacancy rate in Smith Center is 17 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 Smith Center for each bedroom size?
Occupied Rental Units by Size in Smith Center
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 21 | 70 | 20 | 6 |
Occupied Rental Units by Size in Smith Center
A large number of apartments in Smith Center 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 Smith Center are overburdened by housing costs?
Among renter households in this market, 51 percent have housing cost burden. Further, 15 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 Smith Center
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 | $778 |
| Two BR | $882 |
| Three BR | $1,188 |
| Four BR | $1,244 |
2024 Fair Market Rents in Smith Center, Kansas
How many units are rented at Fair Market Rent (FMR) in Smith Center?
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 | 21 | 100 percent |
| Two BR | 41 | 59 percent |
Rental Units Below FMR in Smith Center, Kansas
How many affordable rental units are in Smith Center?
There are a variety of federal affordable housing programs serving households in Smith Center, Kansas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 18 |
| Section 8 Project-Based Rental Assistance | 52 |
Tracked Units by Federal Program in Smith Center, Kansas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Smith Center, Kansas
Smith Center features 52 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 Smith Center, Kansas
There are 10 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Smith Center.
Housing Choice Vouchers in Smith Center, Kansas
On average, Section 8 Housing Choice vouchers pay Smith Center landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Smith Center.
The maximum amount a voucher would pay on behalf of a low-income tenant in Smith Center, Kansas for a two-bedroom apartment is between $794 and $970.
Sourced from federal housing data and AffordableHousingOnline.com research.
