What HUD offices serve Valley City, 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 Valley City.
How many renters live in Valley City, North Dakota?
The City of Valley City has 6,558 people living in 3,039 households.
There are 1,701 renters living in 1,097 renter households in this City. Renters make up 25.94 percent of the population living in Valley City.
What is the rental market like in Valley City, North Dakota?
There are an estimated 3,284 housing units in the Valley City area. Of these, 1,321 units are rental homes, making up 40 percent of the housing market. For every renter household in Valley City, North Dakota, there are 1 rental units.
What is the vacancy rate for rentals in Valley City?
The rental vacancy rate in Valley City is 13 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 Valley City for each bedroom size?
Occupied Rental Units by Size in Valley City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 26 | 358 | 534 | 91 | 66 |
Occupied Rental Units by Size in Valley City
A large number of apartments in Valley City 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 Valley City are overburdened by housing costs?
Among renter households in this market, 35 percent have housing cost burden. Further, 18 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 Valley City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $684 to $1,359. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $684 |
| One BR | $689 |
| Two BR | $905 |
| Three BR | $1,094 |
| Four BR | $1,359 |
2024 Fair Market Rents in Valley City, North Dakota
How many units are rented at Fair Market Rent (FMR) in Valley City?
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 | 235 | 66 percent |
| Two BR | 359 | 67 percent |
Rental Units Below FMR in Valley City, North Dakota
How many affordable rental units are in Valley City?
There are a variety of federal affordable housing programs serving households in Valley City, North Dakota including the following:
| Federal Program | Unit Count |
| Public Housing | 49 |
| Section 811 Supportive Housing for Persons with Disabilities | 14 |
| USDA Section 515 Rural Rental Housing | 13 |
Tracked Units by Federal Program in Valley City, North Dakota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Valley City, North Dakota
Valley City features 135 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 Valley City, North Dakota
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Valley City.
Housing Choice Vouchers in Valley City, North Dakota
On average, Section 8 Housing Choice vouchers pay Valley City landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Valley City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Valley City, North Dakota for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.
