What HUD offices serve Wright City, 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 Wright City.
How many renters live in Wright City, Missouri?
The City of Wright City has 4,828 people living in 1,687 households.
There are 1,127 renters living in 380 renter households in this City. Renters make up 23.34 percent of the population living in Wright City.
What is the rental market like in Wright City, Missouri?
There are an estimated 1,846 housing units in the Wright City area. Of these, 404 units are rental homes, making up 22 percent of the housing market. For every renter household in Wright City, Missouri, there are 1 rental units.
What is the vacancy rate for rentals in Wright City?
The rental vacancy rate in Wright City is 6 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 Wright City for each bedroom size?
Occupied Rental Units by Size in Wright City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 85 | 95 | 183 | 17 |
Occupied Rental Units by Size in Wright City
A large number of apartments in Wright City 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 Wright City are overburdened by housing costs?
Among renter households in this market, 44 percent have housing cost burden. Further, 17 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 Wright City
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 Wright City, Missouri
How many units are rented at Fair Market Rent (FMR) in Wright City?
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 | 44 | 52 percent |
| Two BR | 95 | 100 percent |
Rental Units Below FMR in Wright City, Missouri
How many affordable rental units are in Wright City?
There are a variety of federal affordable housing programs serving households in Wright City, Missouri including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 24 |
| USDA Section 515 Rural Rental Housing | 66 |
Tracked Units by Federal Program in Wright City, Missouri
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Wright City, Missouri
Wright City features 86 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 Wright City, Missouri
There are 85 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wright City.
Housing Choice Vouchers in Wright City, Missouri
On average, Section 8 Housing Choice vouchers pay Wright City landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Wright City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Wright City, Missouri for a two-bedroom apartment is between $1,088 and $1,330.
Sourced from federal housing data and AffordableHousingOnline.com research.
