What HUD offices serve Old Monroe, 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 Old Monroe.
How many renters live in Old Monroe, Missouri?
The City of Old Monroe has 199 people living in 73 households.
There are 30 renters living in 14 renter households in this City. Renters make up 15.08 percent of the population living in Old Monroe.
What is the rental market like in Old Monroe, Missouri?
There are an estimated 85 housing units in the Old Monroe area. Of these, 17 units are rental homes, making up 20 percent of the housing market. For every renter household in Old Monroe, Missouri, there are 1 rental units.
What is the vacancy rate for rentals in Old Monroe?
The rental vacancy rate in Old Monroe is 18 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 Old Monroe for each bedroom size?
Occupied Rental Units by Size in Old Monroe
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 1 | 6 | 7 | 0 |
Occupied Rental Units by Size in Old Monroe
A large number of apartments in Old Monroe 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 Old Monroe are overburdened by housing costs?
Among renter households in this market, 50 percent have housing cost burden. Further, 29 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 Old Monroe
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $928 to $1,818. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $928 |
| One BR | $972 |
| Two BR | $1,209 |
| Three BR | $1,565 |
| Four BR | $1,818 |
2024 Fair Market Rents in Old Monroe, Missouri
How many units are rented at Fair Market Rent (FMR) in Old Monroe?
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 | 0 | 100 percent |
| Two BR | 5 | 83 percent |
Rental Units Below FMR in Old Monroe, Missouri
How many affordable rental units are in Old Monroe?
Income Based Apartments in Old Monroe, Missouri
Old Monroe features 16 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 Old Monroe, Missouri
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Old Monroe.
Housing Choice Vouchers in Old Monroe, Missouri
On average, Section 8 Housing Choice vouchers pay Old Monroe landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Old Monroe.
The maximum amount a voucher would pay on behalf of a low-income tenant in Old Monroe, Missouri for a two-bedroom apartment is between $1,088 and $1,330.
Sourced from federal housing data and AffordableHousingOnline.com research.
