What HUD offices serve Olivette, 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 Olivette.
How many renters live in Olivette, Missouri?
The City of Olivette has 8,431 people living in 3,292 households.
There are 2,265 renters living in 932 renter households in this City. Renters make up 26.87 percent of the population living in Olivette.
What is the rental market like in Olivette, Missouri?
There are an estimated 3,475 housing units in the Olivette area. Of these, 932 units are rental homes, making up 27 percent of the housing market. For every renter household in Olivette, Missouri, there are 1 rental units.
What is the vacancy rate for rentals in Olivette?
The rental vacancy rate in Olivette 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 Olivette for each bedroom size?
Occupied Rental Units by Size in Olivette
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 9 | 107 | 643 | 160 | 13 |
Occupied Rental Units by Size in Olivette
A large number of apartments in Olivette 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 Olivette are overburdened by housing costs?
Among renter households in this market, 33 percent have housing cost burden. Further, 15 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 Olivette
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 Olivette, Missouri
How many units are rented at Fair Market Rent (FMR) in Olivette?
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 | 0 | 100 percent |
| One BR | 49 | 46 percent |
| Two BR | 205 | 32 percent |
Rental Units Below FMR in Olivette, Missouri
How many affordable rental units are in Olivette?
There are a variety of federal affordable housing programs serving households in Olivette, Missouri including the following:
| Federal Program | Unit Count |
| Public Housing | 14 |
Tracked Units by Federal Program in Olivette, Missouri
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Olivette, Missouri
Olivette 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 Olivette, Missouri
There are 128 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Olivette.
Housing Choice Vouchers in Olivette, Missouri
On average, Section 8 Housing Choice vouchers pay Olivette landlords $700 per month towards rent. The average voucher holder contributes $500 towards rent in Olivette.
The maximum amount a voucher would pay on behalf of a low-income tenant in Olivette, Missouri for a two-bedroom apartment is between $1,088 and $1,330.
Sourced from federal housing data and AffordableHousingOnline.com research.