Low Income Apartments and Affordable Housing For Rent in Wall, SD

Discover affordable housing in Wall where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Wall Ridge Apartments

602 Williams St, Wall, South Dakota 0

calendar_today Opened: Sep 1
Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Wall, South Dakota
$22.03/hour
$10.83 (+97%) more than South Dakota minimum wage and $14.78 (+204%) more than the Federal minimum wage.
Learn More About Wall, South Dakota Affordable Housing ↓

What HUD offices serve Wall, South 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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Wall, South Dakota.

Go to the South Dakota Public Housing and Low-Income Apartments Waiting Lists page for openings near Wall.

How many renters live in Wall, South Dakota?

The City of Wall has 650 people living in 272 households.

There are 86 renters living in 52 renter households in this City. Renters make up 13.23 percent of the population living in Wall.

What is the rental market like in Wall, South Dakota?

There are an estimated 360 housing units in the Wall area. Of these, 61 units are rental homes, making up 17 percent of the housing market. For every renter household in Wall, South Dakota, there are 1 rental units.

What is the vacancy rate for rentals in Wall?

The rental vacancy rate in Wall is 0 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 Wall for each bedroom size?

Occupied Rental Units by Size in Wall
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 7 29 16 0
Occupied Rental Units by Size in Wall

A large number of apartments in Wall 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 Wall are overburdened by housing costs?

Among renter households in this market, 29 percent have housing cost burden. Further, 25 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 Wall

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $788 to $1,781. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $788
One BR $886
Two BR $1,163
Three BR $1,592
Four BR $1,781
2024 Fair Market Rents in Wall, South Dakota

How many units are rented at Fair Market Rent (FMR) in Wall?

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 7 100 percent
Two BR 28 97 percent
Rental Units Below FMR in Wall, South Dakota

How many affordable rental units are in Wall?

There are a variety of federal affordable housing programs serving households in Wall, South Dakota including the following:

Federal Program Unit Count
Public Housing 28
USDA Section 515 Rural Rental Housing 8
Tracked Units by Federal Program in Wall, South Dakota

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Wall, South Dakota

Wall features 8 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 Wall, South Dakota

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wall.

Housing Choice Vouchers in Wall, South Dakota

On average, Section 8 Housing Choice vouchers pay Wall landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Wall.

The maximum amount a voucher would pay on behalf of a low-income tenant in Wall, South Dakota for a two-bedroom apartment is between $1,047 and $1,279.

Sourced from federal housing data and AffordableHousingOnline.com research.