How many renters live in Sargent, Nebraska?
The City of Sargent has 486 people living in 208 households.
There are 135 renters living in 57 renter households in this City. Renters make up 27.78 percent of the population living in Sargent.
What is the rental market like in Sargent, Nebraska?
There are an estimated 278 housing units in the Sargent area. Of these, 71 units are rental homes, making up 26 percent of the housing market. For every renter household in Sargent, Nebraska, there are 1 rental units.
What is the vacancy rate for rentals in Sargent?
The rental vacancy rate in Sargent is 10 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 Sargent for each bedroom size?
Occupied Rental Units by Size in Sargent
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 19 | 19 | 14 | 2 |
Occupied Rental Units by Size in Sargent
A large number of apartments in Sargent 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 Sargent are overburdened by housing costs?
Among renter households in this market, 16 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 Sargent
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 | $686 |
| Two BR | $872 |
| Three BR | $1,110 |
| Four BR | $1,161 |
2024 Fair Market Rents in Sargent, Nebraska
How many units are rented at Fair Market Rent (FMR) in Sargent?
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 | 15 | 79 percent |
| Two BR | 10 | 53 percent |
Rental Units Below FMR in Sargent, Nebraska
How many affordable rental units are in Sargent?
There are a variety of federal affordable housing programs serving households in Sargent, Nebraska including the following:
| Federal Program | Unit Count |
| Public Housing | 20 |
Tracked Units by Federal Program in Sargent, Nebraska
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Sargent, Nebraska
Sargent features 20 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 Sargent, Nebraska
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sargent.
Housing Choice Vouchers in Sargent, Nebraska
On average, Section 8 Housing Choice vouchers pay Sargent landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Sargent.
The maximum amount a voucher would pay on behalf of a low-income tenant in Sargent, Nebraska for a two-bedroom apartment is between $785 and $959.
Sourced from federal housing data and AffordableHousingOnline.com research.
