How many renters live in Stanton, Nebraska?
The City of Stanton has 1,673 people living in 626 households.
There are 462 renters living in 202 renter households in this City. Renters make up 27.62 percent of the population living in Stanton.
What is the rental market like in Stanton, Nebraska?
There are an estimated 702 housing units in the Stanton area. Of these, 205 units are rental homes, making up 29 percent of the housing market. For every renter household in Stanton, Nebraska, there are 1 rental units.
What is the vacancy rate for rentals in Stanton?
The rental vacancy rate in Stanton is 1 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 Stanton for each bedroom size?
Occupied Rental Units by Size in Stanton
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 24 | 61 | 71 | 15 | 25 |
Occupied Rental Units by Size in Stanton
A large number of apartments in Stanton 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 Stanton are overburdened by housing costs?
Among renter households in this market, 23 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 Stanton
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $718 to $1,412. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $718 |
| One BR | $807 |
| Two BR | $1,060 |
| Three BR | $1,282 |
| Four BR | $1,412 |
2024 Fair Market Rents in Stanton, Nebraska
How many units are rented at Fair Market Rent (FMR) in Stanton?
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 | 20 | 83 percent |
| One BR | 61 | 100 percent |
| Two BR | 59 | 83 percent |
Rental Units Below FMR in Stanton, Nebraska
How many affordable rental units are in Stanton?
There are a variety of federal affordable housing programs serving households in Stanton, Nebraska including the following:
| Federal Program | Unit Count |
| Public Housing | 29 |
Tracked Units by Federal Program in Stanton, Nebraska
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Stanton, Nebraska
Stanton features 29 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 Stanton, Nebraska
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stanton.
Housing Choice Vouchers in Stanton, Nebraska
On average, Section 8 Housing Choice vouchers pay Stanton landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Stanton.
The maximum amount a voucher would pay on behalf of a low-income tenant in Stanton, Nebraska for a two-bedroom apartment is between $954 and $1,166.
Sourced from federal housing data and AffordableHousingOnline.com research.
