What HUD offices serve Park River, North Dakota?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the North Dakota Public Housing and Low-Income Apartments Waiting Lists page for openings near Park River.
How many renters live in Park River, North Dakota?
The City of Park River has 1,556 people living in 639 households.
There are 246 renters living in 161 renter households in this City. Renters make up 15.81 percent of the population living in Park River.
What is the rental market like in Park River, North Dakota?
There are an estimated 730 housing units in the Park River area. Of these, 186 units are rental homes, making up 25 percent of the housing market. For every renter household in Park River, North Dakota, there are 1 rental units.
What is the vacancy rate for rentals in Park River?
The rental vacancy rate in Park River is 11 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 Park River for each bedroom size?
Occupied Rental Units by Size in Park River
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 30 | 93 | 25 | 13 |
Occupied Rental Units by Size in Park River
A large number of apartments in Park River 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 Park River are overburdened by housing costs?
Among renter households in this market, 48 percent have housing cost burden. Further, 33 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 Park River
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $702 to $1,458. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $702 |
| One BR | $707 |
| Two BR | $859 |
| Three BR | $1,147 |
| Four BR | $1,458 |
2024 Fair Market Rents in Park River, North Dakota
How many units are rented at Fair Market Rent (FMR) in Park River?
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 | 10 | 33 percent |
| Two BR | 40 | 43 percent |
Rental Units Below FMR in Park River, North Dakota
How many affordable rental units are in Park River?
There are a variety of federal affordable housing programs serving households in Park River, North Dakota including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 5 |
Tracked Units by Federal Program in Park River, North Dakota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Park River, North Dakota
Park River features 7 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 Park River, North Dakota
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Park River.
Housing Choice Vouchers in Park River, North Dakota
On average, Section 8 Housing Choice vouchers pay Park River landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Park River.
The maximum amount a voucher would pay on behalf of a low-income tenant in Park River, North Dakota for a two-bedroom apartment is between $773 and $945.
Sourced from federal housing data and AffordableHousingOnline.com research.
