How many renters live in Elwood, Nebraska?
The City of Elwood has people living in households.
There are renters living in renter households in this City. Renters make up 28.9 percent of the population living in Elwood.
What is the rental market like in Elwood, Nebraska?
There are an estimated housing units in the Elwood area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Elwood, Nebraska, there are 1.04 rental units.
What is the vacancy rate for rentals in Elwood?
The rental vacancy rate in Elwood is 4 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 Elwood for each bedroom size?
Occupied Rental Units by Size in Elwood
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 12 | 5 | 31 | 6 | 15 |
Occupied Rental Units by Size in Elwood
A large number of apartments in Elwood have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many units are rented at Fair Market Rent (FMR) in Elwood?
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 | 7 | 58 percent |
| One BR | 5 | 100 percent |
| Two BR | 19 | 61 percent |
Rental Units Below FMR in Elwood, Nebraska
How many affordable rental units are in Elwood?
There are a variety of federal affordable housing programs serving households in Elwood, Nebraska including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Elwood, Nebraska
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Elwood, Nebraska
Elwood 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 Elwood, Nebraska
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Elwood.
Housing Choice Vouchers in Elwood, Nebraska
On average, Section 8 Housing Choice vouchers pay Elwood landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Elwood.
The maximum amount a voucher would pay on behalf of a low-income tenant in Elwood, Nebraska for a two-bedroom apartment is between $785 and $959.
Sourced from federal housing data and AffordableHousingOnline.com research.