How many renters live in Chappell, Nebraska?
The City of Chappell has 889 people living in 412 households.
There are 86 renters living in 58 renter households in this City. Renters make up 9.67 percent of the population living in Chappell.
What is the rental market like in Chappell, Nebraska?
There are an estimated 529 housing units in the Chappell area. Of these, 69 units are rental homes, making up 13 percent of the housing market. For every renter household in Chappell, Nebraska, there are 1 rental units.
What is the vacancy rate for rentals in Chappell?
The rental vacancy rate in Chappell is 16 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 Chappell for each bedroom size?
Occupied Rental Units by Size in Chappell
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 16 | 22 | 6 | 12 |
Occupied Rental Units by Size in Chappell
A large number of apartments in Chappell 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 Chappell are overburdened by housing costs?
Among renter households in this market, 22 percent have housing cost burden. Further, 0 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 Chappell
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 Chappell, Nebraska
How many units are rented at Fair Market Rent (FMR) in Chappell?
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 | 16 | 100 percent |
| Two BR | 20 | 91 percent |
Rental Units Below FMR in Chappell, Nebraska
How many affordable rental units are in Chappell?
There are a variety of federal affordable housing programs serving households in Chappell, Nebraska including the following:
| Federal Program | Unit Count |
| Public Housing | 30 |
Tracked Units by Federal Program in Chappell, Nebraska
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Chappell, Nebraska
Chappell features 30 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 Chappell, Nebraska
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Chappell.
Housing Choice Vouchers in Chappell, Nebraska
On average, Section 8 Housing Choice vouchers pay Chappell landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Chappell.
The maximum amount a voucher would pay on behalf of a low-income tenant in Chappell, Nebraska for a two-bedroom apartment is between $785 and $959.
Sourced from federal housing data and AffordableHousingOnline.com research.
