What HUD offices serve Gallatin, 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 Gallatin.
How many renters live in Gallatin, Missouri?
The City of Gallatin has 1,747 people living in 710 households.
There are 762 renters living in 292 renter households in this City. Renters make up 43.62 percent of the population living in Gallatin.
What is the rental market like in Gallatin, Missouri?
There are an estimated 917 housing units in the Gallatin area. Of these, 329 units are rental homes, making up 36 percent of the housing market. For every renter household in Gallatin, Missouri, there are 1 rental units.
What is the vacancy rate for rentals in Gallatin?
The rental vacancy rate in Gallatin is 11 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 Gallatin for each bedroom size?
Occupied Rental Units by Size in Gallatin
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 67 | 84 | 113 | 25 |
Occupied Rental Units by Size in Gallatin
A large number of apartments in Gallatin 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 Gallatin are overburdened by housing costs?
Among renter households in this market, 42 percent have housing cost burden. Further, 21 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 Gallatin
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $601 to $1,241. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $601 |
| One BR | $607 |
| Two BR | $797 |
| Three BR | $1,081 |
| Four BR | $1,241 |
2024 Fair Market Rents in Gallatin, Missouri
How many units are rented at Fair Market Rent (FMR) in Gallatin?
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 | 59 | 88 percent |
| Two BR | 59 | 70 percent |
Rental Units Below FMR in Gallatin, Missouri
How many affordable rental units are in Gallatin?
There are a variety of federal affordable housing programs serving households in Gallatin, Missouri including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 30 |
| USDA Section 515 Rural Rental Housing | 56 |
Tracked Units by Federal Program in Gallatin, Missouri
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Gallatin, Missouri
Gallatin features 56 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 Gallatin, Missouri
There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gallatin.
Housing Choice Vouchers in Gallatin, Missouri
On average, Section 8 Housing Choice vouchers pay Gallatin landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Gallatin.
The maximum amount a voucher would pay on behalf of a low-income tenant in Gallatin, Missouri for a two-bedroom apartment is between $717 and $877.
Sourced from federal housing data and AffordableHousingOnline.com research.
