What HUD offices serve Stanley, 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 Stanley.
How many renters live in Stanley, North Dakota?
The City of Stanley has 2,189 people living in 890 households.
There are 722 renters living in 345 renter households in this City. Renters make up 32.98 percent of the population living in Stanley.
What is the rental market like in Stanley, North Dakota?
There are an estimated 1,123 housing units in the Stanley area. Of these, 400 units are rental homes, making up 36 percent of the housing market. For every renter household in Stanley, North Dakota, there are 1 rental units.
What is the vacancy rate for rentals in Stanley?
The rental vacancy rate in Stanley is 14 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 Stanley for each bedroom size?
Occupied Rental Units by Size in Stanley
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 36 | 28 | 167 | 83 | 27 |
Occupied Rental Units by Size in Stanley
A large number of apartments in Stanley 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 Stanley are overburdened by housing costs?
Among renter households in this market, 28 percent have housing cost burden. Further, 7 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 Stanley
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $734 to $1,433. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $734 |
| One BR | $765 |
| Two BR | $859 |
| Three BR | $1,211 |
| Four BR | $1,433 |
2024 Fair Market Rents in Stanley, North Dakota
How many units are rented at Fair Market Rent (FMR) in Stanley?
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 | 34 | 94 percent |
| One BR | 4 | 14 percent |
| Two BR | 41 | 25 percent |
Rental Units Below FMR in Stanley, North Dakota
How many affordable rental units are in Stanley?
There are a variety of federal affordable housing programs serving households in Stanley, North Dakota including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 8 |
| USDA Section 515 Rural Rental Housing | 16 |
Tracked Units by Federal Program in Stanley, North Dakota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Stanley, North Dakota
Stanley features 16 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 Stanley, North Dakota
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stanley.
Housing Choice Vouchers in Stanley, North Dakota
On average, Section 8 Housing Choice vouchers pay Stanley landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Stanley.
The maximum amount a voucher would pay on behalf of a low-income tenant in Stanley, North Dakota for a two-bedroom apartment is between $773 and $945.
Sourced from federal housing data and AffordableHousingOnline.com research.
