How many renters live in Cole Camp, Missouri?
The City of Cole Camp has 1,363 people living in 564 households.
There are 360 renters living in 220 renter households in this City. Renters make up 26.41 percent of the population living in Cole Camp.
What is the rental market like in Cole Camp, Missouri?
There are an estimated 624 housing units in the Cole Camp area. Of these, 224 units are rental homes, making up 36 percent of the housing market. For every renter household in Cole Camp, Missouri, there are 1 rental units.
What is the vacancy rate for rentals in Cole Camp?
The rental vacancy rate in Cole Camp 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 Cole Camp for each bedroom size?
Occupied Rental Units by Size in Cole Camp
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 14 | 105 | 62 | 18 | 3 |
Occupied Rental Units by Size in Cole Camp
A large number of apartments in Cole Camp 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 Cole Camp are overburdened by housing costs?
Among renter households in this market, 58 percent have housing cost burden. Further, 31 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 Cole Camp
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $616 to $1,227. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $616 |
| One BR | $622 |
| Two BR | $817 |
| Three BR | $1,071 |
| Four BR | $1,227 |
2024 Fair Market Rents in Cole Camp, Missouri
How many units are rented at Fair Market Rent (FMR) in Cole Camp?
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 | 98 | 93 percent |
| Two BR | 15 | 24 percent |
Rental Units Below FMR in Cole Camp, Missouri
How many affordable rental units are in Cole Camp?
There are a variety of federal affordable housing programs serving households in Cole Camp, Missouri including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing | 44 |
Tracked Units by Federal Program in Cole Camp, Missouri
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Cole Camp, Missouri
Cole Camp features 44 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 Cole Camp, Missouri
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cole Camp.
Housing Choice Vouchers in Cole Camp, Missouri
On average, Section 8 Housing Choice vouchers pay Cole Camp landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Cole Camp.
The maximum amount a voucher would pay on behalf of a low-income tenant in Cole Camp, Missouri for a two-bedroom apartment is between $735 and $899.
Sourced from federal housing data and AffordableHousingOnline.com research.
