What HUD offices serve Cabool, Missouri?
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 Missouri Public Housing and Low-Income Apartments Waiting Lists page for openings near Cabool.
How many renters live in Cabool, Missouri?
The City of Cabool has 2,543 people living in 984 households.
There are 924 renters living in 399 renter households in this City. Renters make up 36.34 percent of the population living in Cabool.
What is the rental market like in Cabool, Missouri?
There are an estimated 1,050 housing units in the Cabool area. Of these, 412 units are rental homes, making up 39 percent of the housing market. For every renter household in Cabool, Missouri, there are 1 rental units.
What is the vacancy rate for rentals in Cabool?
The rental vacancy rate in Cabool is 3 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 Cabool for each bedroom size?
Occupied Rental Units by Size in Cabool
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 31 | 122 | 145 | 91 | 10 |
Occupied Rental Units by Size in Cabool
A large number of apartments in Cabool 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 Cabool are overburdened by housing costs?
Among renter households in this market, 33 percent have housing cost burden. Further, 17 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 Cabool
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $601 to $1,353. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $601 |
| One BR | $710 |
| Two BR | $797 |
| Three BR | $1,054 |
| Four BR | $1,353 |
2024 Fair Market Rents in Cabool, Missouri
How many units are rented at Fair Market Rent (FMR) in Cabool?
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 | 31 | 100 percent |
| One BR | 102 | 84 percent |
| Two BR | 85 | 59 percent |
Rental Units Below FMR in Cabool, Missouri
How many affordable rental units are in Cabool?
There are a variety of federal affordable housing programs serving households in Cabool, Missouri including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 40 |
| Section 8 Project-Based Rental Assistance | 103 |
| USDA Section 515 Rural Rental Housing | 12 |
Tracked Units by Federal Program in Cabool, Missouri
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Cabool, Missouri
Cabool features 155 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 Cabool, Missouri
There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cabool.
Housing Choice Vouchers in Cabool, Missouri
On average, Section 8 Housing Choice vouchers pay Cabool landlords $300 per month towards rent. The average voucher holder contributes $200 towards rent in Cabool.
The maximum amount a voucher would pay on behalf of a low-income tenant in Cabool, Missouri for a two-bedroom apartment is between $717 and $877.
Sourced from federal housing data and AffordableHousingOnline.com research.
