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

Discover affordable housing in Norborne where there are 1+ 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.

Freedom Retirement Community

205 West Liberty, Norborne, Missouri

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Norborne, 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 Norborne, Missouri Affordable Housing ↓

What HUD offices serve Norborne, 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 Section 8 Housing Choice Voucher (HCV) programs for Norborne, Missouri.

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

How many renters live in Norborne, Missouri?

The City of Norborne has 656 people living in 269 households.

There are 89 renters living in 37 renter households in this City. Renters make up 13.57 percent of the population living in Norborne.

What is the rental market like in Norborne, Missouri?

There are an estimated 342 housing units in the Norborne area. Of these, 37 units are rental homes, making up 11 percent of the housing market. For every renter household in Norborne, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Norborne?

The rental vacancy rate in Norborne 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 Norborne for each bedroom size?

Occupied Rental Units by Size in Norborne
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 9 7 20 0
Occupied Rental Units by Size in Norborne

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

Among renter households in this market, 22 percent have housing cost burden. Further, 14 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 Norborne

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $601 to $1,214. 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 $1,121
Four BR $1,214
2024 Fair Market Rents in Norborne, Missouri

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

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 8 89 percent
Two BR 3 43 percent
Rental Units Below FMR in Norborne, Missouri

How many affordable rental units are in Norborne?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 14
Tracked Units by Federal Program in Norborne, Missouri

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

Income Based Apartments in Norborne, Missouri

Norborne features 14 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 Norborne, Missouri

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

Housing Choice Vouchers in Norborne, Missouri

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.