What HUD offices serve Falls City, Nebraska?
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 Nebraska Public Housing and Low-Income Apartments Waiting Lists page for openings near Falls City.
How many renters live in Falls City, Nebraska?
The City of Falls City has people living in households.
There are renters living in renter households in this City. Renters make up 27.04 percent of the population living in Falls City.
What is the rental market like in Falls City, Nebraska?
There are an estimated housing units in the Falls City area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Falls City, Nebraska, there are 1 rental units.
What is the vacancy rate for rentals in Falls City?
The rental vacancy rate in Falls City is 0 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 Falls City for each bedroom size?
Occupied Rental Units by Size in Falls City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 28 | 100 | 324 | 120 | 32 |
Occupied Rental Units by Size in Falls City
A large number of apartments in Falls City 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 Falls City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,161. 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 | $1,054 |
| Four BR | $1,161 |
2024 Fair Market Rents in Falls City, Nebraska
How many units are rented at Fair Market Rent (FMR) in Falls City?
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 | 10 | 36 percent |
| One BR | 88 | 88 percent |
| Two BR | 234 | 72 percent |
Rental Units Below FMR in Falls City, Nebraska
How many affordable rental units are in Falls City?
There are a variety of federal affordable housing programs serving households in Falls City, Nebraska including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Falls City, Nebraska
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Falls City, Nebraska
Falls City features 143 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 Falls City, Nebraska
There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Falls City.
Housing Choice Vouchers in Falls City, Nebraska
On average, Section 8 Housing Choice vouchers pay Falls City landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Falls City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Falls City, Nebraska for a two-bedroom apartment is between $785 and $959.
Sourced from federal housing data and AffordableHousingOnline.com research.