What HUD offices serve Grand Island, 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 Grand Island.
How many renters live in Grand Island, Nebraska?
The City of Grand Island has 52,822 people living in 20,263 households.
There are 18,978 renters living in 8,385 renter households in this City. Renters make up 35.93 percent of the population living in Grand Island.
What is the rental market like in Grand Island, Nebraska?
There are an estimated 21,216 housing units in the Grand Island area. Of these, 8,588 units are rental homes, making up 40 percent of the housing market. For every renter household in Grand Island, Nebraska, there are 1 rental units.
What is the vacancy rate for rentals in Grand Island?
The rental vacancy rate in Grand Island is 2 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 Grand Island for each bedroom size?
Occupied Rental Units by Size in Grand Island
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 619 | 2,171 | 3,650 | 1,369 | 535 |
Occupied Rental Units by Size in Grand Island
A large number of apartments in Grand Island 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 Grand Island are overburdened by housing costs?
Among renter households in this market, 42 percent have housing cost burden. Further, 15 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 Grand Island
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $673 to $1,455. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $673 |
| One BR | $792 |
| Two BR | $986 |
| Three BR | $1,262 |
| Four BR | $1,455 |
2024 Fair Market Rents in Grand Island, Nebraska
How many units are rented at Fair Market Rent (FMR) in Grand Island?
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 | 314 | 51 percent |
| One BR | 1,317 | 61 percent |
| Two BR | 2,193 | 60 percent |
Rental Units Below FMR in Grand Island, Nebraska
How many affordable rental units are in Grand Island?
There are a variety of federal affordable housing programs serving households in Grand Island, Nebraska including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 831 |
| Public Housing | 394 |
| Section 8 Project-Based Rental Assistance | 338 |
| Section 811 Supportive Housing for Persons with Disabilities | 34 |
Tracked Units by Federal Program in Grand Island, Nebraska
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Grand Island, Nebraska
Grand Island features 622 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 Grand Island, Nebraska
There are 746 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grand Island.
Housing Choice Vouchers in Grand Island, Nebraska
On average, Section 8 Housing Choice vouchers pay Grand Island landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Grand Island.
The maximum amount a voucher would pay on behalf of a low-income tenant in Grand Island, Nebraska for a two-bedroom apartment is between $887 and $1,085.
Sourced from federal housing data and AffordableHousingOnline.com research.
