How many renters live in Seneca, Missouri?
The City of Seneca has 2,005 people living in 671 households.
There are 861 renters living in 237 renter households in this City. Renters make up 42.94 percent of the population living in Seneca.
What is the rental market like in Seneca, Missouri?
There are an estimated 822 housing units in the Seneca area. Of these, 237 units are rental homes, making up 29 percent of the housing market. For every renter household in Seneca, Missouri, there are 1 rental units.
What is the vacancy rate for rentals in Seneca?
The rental vacancy rate in Seneca 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 Seneca for each bedroom size?
Occupied Rental Units by Size in Seneca
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 3 | 17 | 103 | 105 | 9 |
Occupied Rental Units by Size in Seneca
A large number of apartments in Seneca 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 Seneca are overburdened by housing costs?
Among renter households in this market, 43 percent have housing cost burden. Further, 12 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 Seneca
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $722 to $1,268. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $722 |
| One BR | $741 |
| Two BR | $923 |
| Three BR | $1,177 |
| Four BR | $1,268 |
2024 Fair Market Rents in Seneca, Missouri
How many units are rented at Fair Market Rent (FMR) in Seneca?
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 | 3 | 100 percent |
| One BR | 17 | 100 percent |
| Two BR | 79 | 77 percent |
Rental Units Below FMR in Seneca, Missouri
How many affordable rental units are in Seneca?
There are a variety of federal affordable housing programs serving households in Seneca, Missouri including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 24 |
| Section 8 Project-Based Rental Assistance | 1 |
| USDA Section 515 Rural Rental Housing | 44 |
Tracked Units by Federal Program in Seneca, Missouri
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Seneca, Missouri
Seneca features 44 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 Seneca, Missouri
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Seneca.
Housing Choice Vouchers in Seneca, Missouri
On average, Section 8 Housing Choice vouchers pay Seneca landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Seneca.
The maximum amount a voucher would pay on behalf of a low-income tenant in Seneca, Missouri for a two-bedroom apartment is between $831 and $1,015.
Sourced from federal housing data and AffordableHousingOnline.com research.
