How many renters live in Firth, Nebraska?
The City of Firth has 469 people living in 202 households.
There are 100 renters living in 57 renter households in this City. Renters make up 21.32 percent of the population living in Firth.
What is the rental market like in Firth, Nebraska?
There are an estimated 223 housing units in the Firth area. Of these, 57 units are rental homes, making up 26 percent of the housing market. For every renter household in Firth, Nebraska, there are 1 rental units.
What is the vacancy rate for rentals in Firth?
The rental vacancy rate in Firth 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 Firth for each bedroom size?
Occupied Rental Units by Size in Firth
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 17 | 32 | 2 | 6 |
Occupied Rental Units by Size in Firth
A large number of apartments in Firth 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 Firth are overburdened by housing costs?
Among renter households in this market, 12 percent have housing cost burden. Further, 5 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 Firth
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $766 to $1,638. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $766 |
| One BR | $856 |
| Two BR | $1,067 |
| Three BR | $1,504 |
| Four BR | $1,638 |
2024 Fair Market Rents in Firth, Nebraska
How many units are rented at Fair Market Rent (FMR) in Firth?
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 | 12 | 71 percent |
| Two BR | 29 | 91 percent |
Rental Units Below FMR in Firth, Nebraska
How many affordable rental units are in Firth?
Income Based Apartments in Firth, Nebraska
Firth 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 Firth, Nebraska
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Firth.
Housing Choice Vouchers in Firth, Nebraska
On average, Section 8 Housing Choice vouchers pay Firth landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Firth.
The maximum amount a voucher would pay on behalf of a low-income tenant in Firth, Nebraska for a two-bedroom apartment is between $960 and $1,174.
Sourced from federal housing data and AffordableHousingOnline.com research.
