How many renters live in St Martins, Missouri?
The City of St Martins has 1,214 people living in 459 households.
There are 167 renters living in 96 renter households in this City. Renters make up 13.76 percent of the population living in St Martins.
What is the rental market like in St Martins, Missouri?
There are an estimated 483 housing units in the St Martins area. Of these, 115 units are rental homes, making up 24 percent of the housing market. For every renter household in St Martins, Missouri, there are 1 rental units.
What is the vacancy rate for rentals in St Martins?
The rental vacancy rate in St Martins is 9 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 St Martins for each bedroom size?
Occupied Rental Units by Size in St Martins
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 43 | 31 | 20 | 2 |
Occupied Rental Units by Size in St Martins
A large number of apartments in St Martins 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 St Martins are overburdened by housing costs?
Among renter households in this market, 41 percent have housing cost burden. Further, 6 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 St Martins
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $646 to $1,207. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $646 |
| One BR | $650 |
| Two BR | $824 |
| Three BR | $1,161 |
| Four BR | $1,207 |
2024 Fair Market Rents in St Martins, Missouri
How many units are rented at Fair Market Rent (FMR) in St Martins?
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 | 39 | 91 percent |
| Two BR | 19 | 61 percent |
Rental Units Below FMR in St Martins, Missouri
How many affordable rental units are in St Martins?
There are a variety of federal affordable housing programs serving households in St Martins, Missouri including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 12 |
Tracked Units by Federal Program in St Martins, Missouri
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in St Martins, Missouri
St Martins features 20 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 St Martins, Missouri
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in St Martins.
Housing Choice Vouchers in St Martins, Missouri
On average, Section 8 Housing Choice vouchers pay St Martins landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in St Martins.
The maximum amount a voucher would pay on behalf of a low-income tenant in St Martins, Missouri for a two-bedroom apartment is between $742 and $906.
Sourced from federal housing data and AffordableHousingOnline.com research.
