How many renters live in Newman Grove, Nebraska?
The City of Newman Grove has 946 people living in 293 households.
There are 230 renters living in 84 renter households in this City. Renters make up 24.31 percent of the population living in Newman Grove.
What is the rental market like in Newman Grove, Nebraska?
There are an estimated 365 housing units in the Newman Grove area. Of these, 103 units are rental homes, making up 28 percent of the housing market. For every renter household in Newman Grove, Nebraska, there are 1 rental units.
What is the vacancy rate for rentals in Newman Grove?
The rental vacancy rate in Newman Grove is 18 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 Newman Grove for each bedroom size?
Occupied Rental Units by Size in Newman Grove
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 7 | 14 | 22 | 25 | 16 |
Occupied Rental Units by Size in Newman Grove
A large number of apartments in Newman Grove 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 Newman Grove are overburdened by housing costs?
Among renter households in this market, 13 percent have housing cost burden. Further, 4 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 Newman Grove
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,378. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $630 |
| One BR | $708 |
| Two BR | $930 |
| Three BR | $1,227 |
| Four BR | $1,378 |
2024 Fair Market Rents in Newman Grove, Nebraska
How many units are rented at Fair Market Rent (FMR) in Newman Grove?
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 | 100 percent |
| One BR | 11 | 79 percent |
| Two BR | 16 | 73 percent |
Rental Units Below FMR in Newman Grove, Nebraska
How many affordable rental units are in Newman Grove?
There are a variety of federal affordable housing programs serving households in Newman Grove, Nebraska including the following:
| Federal Program | Unit Count |
| Public Housing | 17 |
Tracked Units by Federal Program in Newman Grove, Nebraska
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Newman Grove, Nebraska
Newman Grove features 17 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 Newman Grove, Nebraska
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Newman Grove.
Housing Choice Vouchers in Newman Grove, Nebraska
On average, Section 8 Housing Choice vouchers pay Newman Grove landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Newman Grove.
The maximum amount a voucher would pay on behalf of a low-income tenant in Newman Grove, Nebraska for a two-bedroom apartment is between $837 and $1,023.
Sourced from federal housing data and AffordableHousingOnline.com research.
