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There are 0 low-income apartments in Newman Grove that offer reduced rents to eligible households.
Rental assistance programs support 17 low-income homes in Newman Grove where households pay rent based on how much they earn.
Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.
Newman Grove, Nebraska Affordable Housing Data
Income Based Apartments in Newman Grove, Nebraska
Newman Grove features 17 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 Newman Grove, Nebraska
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Newman Grove.
Housing Choice Vouchers in Newman Grove, Nebraska
On average, Section 8 Housing Choice vouchers pay Newman Grove landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Newman Grove.
The maximum amount a voucher would pay on behalf of a low-income tenant in Newman Grove, Nebraska for a two-bedroom apartment is between $837 and $1,023.
2024 Newman Grove, Nebraska Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
| Studio | One BR | Two BR | Three BR | Four BR | |
|---|---|---|---|---|---|
| Newman Grove, Nebraska Fair Market Rent | $630 | $708 | $930 | $1,227 | $1,378 |
| Newman Grove, Nebraska Payment Standard Range | $567 to $693 | $637 to $779 | $837 to $1,023 | $1,104 to $1,350 | $1,240 to $1,516 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Newman Grove, NE Affordable Housing Snapshot
| Total Affordable Apartment Properties | 2 |
|---|---|
| Total Low Income Apartments | 18 |
| Total Housing Units with Rental Assistance | 17 |
| Percentage of Housing Units Occupied By Renters | 22.73% |
| Average Renter Household Size | 2.20 |
| Average Household Size | 1.94 |
| Median Household Income | $37,917 ±$6,451 |
| Median Rent | $525 ±$54 |
| Percentage Of Renters Overburdened | 51.43% ± 20.73pp |
| Total Population | 631 |
Population and Household Demographics
Newman Grove is a city in Madison County, Nebraska with a population of 631. There are 308 households in the city with an average household size of 1.94 persons. 22.73% of households in Newman Grove are renters.
Income and Rent Overburden in Newman Grove
The median gross income for households in Newman Grove is $37,917 a year, or $3,160 a month. The median rent for the city is $525 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Newman Grove, a household making less than $1,750 a month would be considered overburdened when renting an apartment at or above the median rent. 51.43% of households who rent are overburdened in Newman Grove.
Area Median Income In Newman Grove
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.
HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Newman Grove, the AMI is calculated from all households within Madison County.
In Newman Grove, HUD calculates the Area Median Income for a family of four as $87,300
Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.
Rental Assistance in Newman Grove
Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.
Income Qualifications for HUD Rental Assistance in Newman Grove
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the Newman Grove AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$17,850 | $20,400 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Newman Grove AMI may qualify for rental assistance programs that target Very Low Income households. |
$29,750 | $34,000 | $38,250 | $42,500 | $45,900 | $49,300 | $52,700 | $56,100 |
| 80% AMI Income Limits Renters earning up to 80% of the Newman Grove AMI may qualify for rental assistance programs that target Low Income households. |
$47,600 | $54,400 | $61,200 | $68,000 | $73,450 | $78,900 | $84,350 | $89,800 |
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