How many renters live in Pender, Nebraska?
The City of Pender has 1,273 people living in 471 households.
There are 272 renters living in 115 renter households in this City. Renters make up 21.37 percent of the population living in Pender.
What is the rental market like in Pender, Nebraska?
There are an estimated 505 housing units in the Pender area. Of these, 119 units are rental homes, making up 24 percent of the housing market. For every renter household in Pender, Nebraska, there are 1 rental units.
What is the vacancy rate for rentals in Pender?
The rental vacancy rate in Pender is 3 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 Pender for each bedroom size?
Occupied Rental Units by Size in Pender
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 17 | 50 | 40 | 0 |
Occupied Rental Units by Size in Pender
A large number of apartments in Pender 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 Pender are overburdened by housing costs?
Among renter households in this market, 22 percent have housing cost burden. Further, 12 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 Pender
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 | $1,073 |
| Four BR | $1,161 |
2024 Fair Market Rents in Pender, Nebraska
How many units are rented at Fair Market Rent (FMR) in Pender?
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 | 5 | 29 percent |
| Two BR | 22 | 44 percent |
Rental Units Below FMR in Pender, Nebraska
How many affordable rental units are in Pender?
There are a variety of federal affordable housing programs serving households in Pender, Nebraska including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing | 11 |
Tracked Units by Federal Program in Pender, Nebraska
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Pender, Nebraska
Pender features 11 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 Pender, Nebraska
There are 4 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pender.
Housing Choice Vouchers in Pender, Nebraska
On average, Section 8 Housing Choice vouchers pay Pender landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Pender.
The maximum amount a voucher would pay on behalf of a low-income tenant in Pender, Nebraska for a two-bedroom apartment is between $785 and $959.
Sourced from federal housing data and AffordableHousingOnline.com research.
