How many renters live in Neelyville, Missouri?
The City of Neelyville has 297 people living in 118 households.
There are 100 renters living in 41 renter households in this City. Renters make up 33.67 percent of the population living in Neelyville.
What is the rental market like in Neelyville, Missouri?
There are an estimated 184 housing units in the Neelyville area. Of these, 46 units are rental homes, making up 25 percent of the housing market. For every renter household in Neelyville, Missouri, there are 1 rental units.
What is the vacancy rate for rentals in Neelyville?
The rental vacancy rate in Neelyville 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 Neelyville for each bedroom size?
Occupied Rental Units by Size in Neelyville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 2 | 1 | 14 | 22 | 0 |
Occupied Rental Units by Size in Neelyville
A large number of apartments in Neelyville 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 Neelyville are overburdened by housing costs?
Among renter households in this market, 46 percent have housing cost burden. Further, 10 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 Neelyville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $602 to $1,209. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $602 |
| One BR | $607 |
| Two BR | $798 |
| Three BR | $1,090 |
| Four BR | $1,209 |
2024 Fair Market Rents in Neelyville, Missouri
How many units are rented at Fair Market Rent (FMR) in Neelyville?
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 | 2 | 100 percent |
| One BR | 1 | 100 percent |
| Two BR | 14 | 100 percent |
Rental Units Below FMR in Neelyville, Missouri
How many affordable rental units are in Neelyville?
There are a variety of federal affordable housing programs serving households in Neelyville, Missouri including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing | 8 |
Tracked Units by Federal Program in Neelyville, Missouri
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Neelyville, Missouri
Neelyville features 8 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 Neelyville, Missouri
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Neelyville.
Housing Choice Vouchers in Neelyville, Missouri
On average, Section 8 Housing Choice vouchers pay Neelyville landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Neelyville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Neelyville, Missouri for a two-bedroom apartment is between $718 and $878.
Sourced from federal housing data and AffordableHousingOnline.com research.
