How many renters live in Valentine, Nebraska?
The City of Valentine has people living in households.
There are renters living in renter households in this City. Renters make up 47.73 percent of the population living in Valentine.
What is the rental market like in Valentine, Nebraska?
There are an estimated housing units in the Valentine area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Valentine, Nebraska, there are 1.03 rental units.
What is the vacancy rate for rentals in Valentine?
The rental vacancy rate in Valentine 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 Valentine for each bedroom size?
Occupied Rental Units by Size in Valentine
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 24 | 67 | 227 | 134 | 8 |
Occupied Rental Units by Size in Valentine
A large number of apartments in Valentine have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many units are rented at Fair Market Rent (FMR) in Valentine?
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 | 0 | 100 percent |
| One BR | 46 | 69 percent |
| Two BR | 124 | 55 percent |
Rental Units Below FMR in Valentine, Nebraska
How many affordable rental units are in Valentine?
There are a variety of federal affordable housing programs serving households in Valentine, Nebraska including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 202 Supportive Housing for the Elderly | |
| Section 811 Supportive Housing for Persons with Disabilities |
Tracked Units by Federal Program in Valentine, Nebraska
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Valentine, Nebraska
Valentine features 48 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 Valentine, Nebraska
There are 18 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Valentine.
Housing Choice Vouchers in Valentine, Nebraska
On average, Section 8 Housing Choice vouchers pay Valentine landlords $300 per month towards rent. The average voucher holder contributes $200 towards rent in Valentine.
The maximum amount a voucher would pay on behalf of a low-income tenant in Valentine, Nebraska for a two-bedroom apartment is between $785 and $959.
Sourced from federal housing data and AffordableHousingOnline.com research.