Low Income Apartments and Affordable Housing For Rent in Hornersville, MO

Discover affordable housing in Hornersville where there are 2+ 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.

Hornersville Estates Apartments

301 Palenski St, Hornersville, Missouri 63855

Hornersville

104 J D Young Dr, Hornersville, Missouri 63855

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Hornersville, Missouri
$15.09/hour
$2.79 (+23%) more than Missouri minimum wage and $7.84 (+108%) more than the Federal minimum wage.
Learn More About Hornersville, Missouri Affordable Housing ↓

What HUD offices serve Hornersville, 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.

Operates the Public Housing programs for Hornersville, Missouri.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Hornersville, Missouri.

Go to the Missouri Public Housing and Low-Income Apartments Waiting Lists page for openings near Hornersville.

How many renters live in Hornersville, Missouri?

The City of Hornersville has 519 people living in 200 households.

There are 114 renters living in 53 renter households in this City. Renters make up 21.97 percent of the population living in Hornersville.

What is the rental market like in Hornersville, Missouri?

There are an estimated 253 housing units in the Hornersville area. Of these, 71 units are rental homes, making up 28 percent of the housing market. For every renter household in Hornersville, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Hornersville?

The rental vacancy rate in Hornersville is 25 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 Hornersville for each bedroom size?

Occupied Rental Units by Size in Hornersville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 9 22 15 7
Occupied Rental Units by Size in Hornersville

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

Among renter households in this market, 53 percent have housing cost burden. Further, 32 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 Hornersville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $601 to $1,136. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $601
One BR $619
Two BR $797
Three BR $1,031
Four BR $1,136
2024 Fair Market Rents in Hornersville, Missouri

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

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 5 56 percent
Two BR 8 36 percent
Rental Units Below FMR in Hornersville, Missouri

How many affordable rental units are in Hornersville?

There are a variety of federal affordable housing programs serving households in Hornersville, Missouri including the following:

Federal Program Unit Count
Public Housing 30
USDA Section 515 Rural Rental Housing 12
Tracked Units by Federal Program in Hornersville, Missouri

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

Income Based Apartments in Hornersville, Missouri

Hornersville features 42 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 Hornersville, Missouri

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

Housing Choice Vouchers in Hornersville, Missouri

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Hornersville, Missouri for a two-bedroom apartment is between $717 and $877.

Sourced from federal housing data and AffordableHousingOnline.com research.