What HUD offices serve St Ignatius, Montana?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Montana Public Housing and Low-Income Apartments Waiting Lists page for openings near St Ignatius.
How many renters live in St Ignatius, Montana?
The City of St Ignatius has 1,019 people living in 307 households.
There are 333 renters living in 107 renter households in this City. Renters make up 32.68 percent of the population living in St Ignatius.
What is the rental market like in St Ignatius, Montana?
There are an estimated 338 housing units in the St Ignatius area. Of these, 115 units are rental homes, making up 34 percent of the housing market. For every renter household in St Ignatius, Montana, there are 1 rental units.
What is the vacancy rate for rentals in St Ignatius?
The rental vacancy rate in St Ignatius is 5 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 St Ignatius for each bedroom size?
Occupied Rental Units by Size in St Ignatius
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 9 | 9 | 53 | 22 | 9 |
Occupied Rental Units by Size in St Ignatius
A large number of apartments in St Ignatius 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 St Ignatius are overburdened by housing costs?
Among renter households in this market, 21 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 St Ignatius
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 | $743 |
| Two BR | $934 |
| Three BR | $1,175 |
| Four BR | $1,244 |
2024 Fair Market Rents in St Ignatius, Montana
How many units are rented at Fair Market Rent (FMR) in St Ignatius?
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 | 1 | 11 percent |
| One BR | 9 | 100 percent |
| Two BR | 42 | 79 percent |
Rental Units Below FMR in St Ignatius, Montana
How many affordable rental units are in St Ignatius?
There are a variety of federal affordable housing programs serving households in St Ignatius, Montana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 8 |
| USDA Section 515 Rural Rental Housing | 8 |
Tracked Units by Federal Program in St Ignatius, Montana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in St Ignatius, Montana
St Ignatius features 8 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 St Ignatius, Montana
There are 8 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in St Ignatius.
Housing Choice Vouchers in St Ignatius, Montana
On average, Section 8 Housing Choice vouchers pay St Ignatius landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in St Ignatius.
The maximum amount a voucher would pay on behalf of a low-income tenant in St Ignatius, Montana for a two-bedroom apartment is between $841 and $1,027.
Sourced from federal housing data and AffordableHousingOnline.com research.