How many renters live in Big Springs, Nebraska?
The City of Big Springs has people living in households.
There are renters living in renter households in this City. Renters make up 22.13 percent of the population living in Big Springs.
What is the rental market like in Big Springs, Nebraska?
There are an estimated housing units in the Big Springs area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Big Springs, Nebraska, there are 1.09 rental units.
What is the vacancy rate for rentals in Big Springs?
The rental vacancy rate in Big Springs is 9 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 Big Springs for each bedroom size?
Occupied Rental Units by Size in Big Springs
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 22 | 8 | 9 |
Occupied Rental Units by Size in Big Springs
A large number of apartments in Big Springs have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Big Springs
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,163. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $591 |
| One BR | $664 |
| Two BR | $872 |
| Three BR | $1,073 |
| Four BR | $1,163 |
2024 Fair Market Rents in Big Springs, Nebraska
How many units are rented at Fair Market Rent (FMR) in Big 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 |
| Two BR | 6 | 27 percent |
Rental Units Below FMR in Big Springs, Nebraska
How many affordable rental units are in Big Springs?
There are a variety of federal affordable housing programs serving households in Big Springs, Nebraska including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit |
Tracked Units by Federal Program in Big Springs, Nebraska
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Big Springs, Nebraska
Big Springs 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 Big Springs, Nebraska
There are 4 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Big Springs.
Housing Choice Vouchers in Big Springs, Nebraska
On average, Section 8 Housing Choice vouchers pay Big Springs landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Big Springs.
The maximum amount a voucher would pay on behalf of a low-income tenant in Big Springs, Nebraska for a two-bedroom apartment is between $785 and $959.
Sourced from federal housing data and AffordableHousingOnline.com research.