How many renters live in Adair County, Missouri?
The County of Adair County has 25,299 people living in 8,864 households.
There are 8,583 renters living in 3,381 renter households in this County. Renters make up 33.93 percent of the population living in Adair County.
What is the rental market like in Adair County, Missouri?
There are an estimated 11,354 housing units in the Adair County area. Of these, 3,841 units are rental homes, making up 34 percent of the housing market. For every renter household in Adair County, Missouri, there are 1 rental units.
What is the vacancy rate for rentals in Adair County?
The rental vacancy rate in Adair County is 7 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 Adair County for each bedroom size?
Occupied Rental Units by Size in Adair County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 282 | 582 | 1,440 | 776 | 212 |
Occupied Rental Units by Size in Adair County
A large number of apartments in Adair County 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 Adair County are overburdened by housing costs?
Among renter households in this market, 36 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 Adair County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $542 to $1,358. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $542 |
| One BR | $609 |
| Two BR | $800 |
| Three BR | $1,127 |
| Four BR | $1,358 |
2024 Fair Market Rents in Adair County, Missouri
How many units are rented at Fair Market Rent (FMR) in Adair County?
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 | 117 | 41 percent |
| One BR | 358 | 62 percent |
| Two BR | 784 | 54 percent |
Rental Units Below FMR in Adair County, Missouri
How many affordable rental units are in Adair County?
There are a variety of federal affordable housing programs serving households in Adair County, Missouri including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 204 |
| Public Housing | 128 |
| Section 8 Project-Based Rental Assistance | 109 |
| USDA Section 515 Rural Rental Housing | 142 |
Tracked Units by Federal Program in Adair County, Missouri
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Adair County, Missouri
Adair County features 405 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 Adair County, Missouri
There are 172 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Adair County.
Housing Choice Vouchers in Adair County, Missouri
On average, Section 8 Housing Choice vouchers pay Adair County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Adair County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Adair County, Missouri for a two-bedroom apartment is between $720 and $880.
Sourced from federal housing data and AffordableHousingOnline.com research.
