What HUD offices serve Polo, 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 Polo.
How many renters live in Polo, Missouri?
The City of Polo has 473 people living in 209 households.
There are 151 renters living in 68 renter households in this City. Renters make up 31.92 percent of the population living in Polo.
What is the rental market like in Polo, Missouri?
There are an estimated 268 housing units in the Polo area. Of these, 68 units are rental homes, making up 25 percent of the housing market. For every renter household in Polo, Missouri, there are 1 rental units.
What is the vacancy rate for rentals in Polo?
The rental vacancy rate in Polo 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 Polo for each bedroom size?
Occupied Rental Units by Size in Polo
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 21 | 24 | 20 | 3 |
Occupied Rental Units by Size in Polo
A large number of apartments in Polo 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 Polo are overburdened by housing costs?
Among renter households in this market, 26 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 Polo
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $985 to $1,931. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $985 |
| One BR | $1,098 |
| Two BR | $1,258 |
| Three BR | $1,645 |
| Four BR | $1,931 |
2024 Fair Market Rents in Polo, Missouri
How many units are rented at Fair Market Rent (FMR) in Polo?
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 | 21 | 100 percent |
| Two BR | 18 | 75 percent |
Rental Units Below FMR in Polo, Missouri
How many affordable rental units are in Polo?
Income Based Apartments in Polo, Missouri
Polo 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 Polo, Missouri
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Polo.
Housing Choice Vouchers in Polo, Missouri
On average, Section 8 Housing Choice vouchers pay Polo landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Polo.
The maximum amount a voucher would pay on behalf of a low-income tenant in Polo, Missouri for a two-bedroom apartment is between $1,132 and $1,384.
Sourced from federal housing data and AffordableHousingOnline.com research.
