How many renters live in McPherson County, Nebraska?
The County of McPherson County has 456 people living in 193 households.
There are 120 renters living in 45 renter households in this County. Renters make up 26.32 percent of the population living in McPherson County.
What is the rental market like in McPherson County, Nebraska?
There are an estimated 240 housing units in the McPherson County area. Of these, 51 units are rental homes, making up 21 percent of the housing market. For every renter household in McPherson County, Nebraska, there are 1 rental units.
What is the vacancy rate for rentals in McPherson County?
The rental vacancy rate in McPherson County is 12 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 McPherson County for each bedroom size?
Occupied Rental Units by Size in McPherson County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 9 | 5 | 18 | 11 |
Occupied Rental Units by Size in McPherson County
A large number of apartments in McPherson County 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 McPherson County are overburdened by housing costs?
Among renter households in this market, 0 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 McPherson County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $593 to $1,167. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $593 |
| One BR | $666 |
| Two BR | $875 |
| Three BR | $1,107 |
| Four BR | $1,167 |
2024 Fair Market Rents in McPherson County, Nebraska
How many units are rented at Fair Market Rent (FMR) in McPherson County?
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 | 6 | 67 percent |
| Two BR | 2 | 40 percent |
Rental Units Below FMR in McPherson County, Nebraska
How many affordable rental units are in McPherson County?
Income Based Apartments in McPherson County, Nebraska
McPherson County features 0 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 McPherson County, Nebraska
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in McPherson County.
Housing Choice Vouchers in McPherson County, Nebraska
On average, Section 8 Housing Choice vouchers pay McPherson County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in McPherson County.
The maximum amount a voucher would pay on behalf of a low-income tenant in McPherson County, Nebraska for a two-bedroom apartment is between $788 and $963.
Sourced from federal housing data and AffordableHousingOnline.com research.
