How many renters live in Audrain County, Missouri?
The County of Audrain County has 24,873 people living in 8,968 households.
There are 6,379 renters living in 2,509 renter households in this County. Renters make up 25.65 percent of the population living in Audrain County.
What is the rental market like in Audrain County, Missouri?
There are an estimated 10,563 housing units in the Audrain County area. Of these, 2,762 units are rental homes, making up 26 percent of the housing market. For every renter household in Audrain County, Missouri, there are 1 rental units.
What is the vacancy rate for rentals in Audrain County?
The rental vacancy rate in Audrain 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 Audrain County for each bedroom size?
Occupied Rental Units by Size in Audrain County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 71 | 458 | 1,183 | 552 | 222 |
Occupied Rental Units by Size in Audrain County
A large number of apartments in Audrain 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 Audrain County are overburdened by housing costs?
Among renter households in this market, 36 percent have housing cost burden. Further, 16 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 Audrain County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $601 to $1,061. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $601 |
| One BR | $631 |
| Two BR | $797 |
| Three BR | $1,028 |
| Four BR | $1,061 |
2024 Fair Market Rents in Audrain County, Missouri
How many units are rented at Fair Market Rent (FMR) in Audrain 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 | 50 | 70 percent |
| One BR | 255 | 56 percent |
| Two BR | 796 | 67 percent |
Rental Units Below FMR in Audrain County, Missouri
How many affordable rental units are in Audrain County?
There are a variety of federal affordable housing programs serving households in Audrain County, Missouri including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 154 |
| Public Housing | 279 |
| Section 8 Project-Based Rental Assistance | 48 |
| USDA Section 515 Rural Rental Housing | 28 |
Tracked Units by Federal Program in Audrain County, Missouri
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Audrain County, Missouri
Audrain County features 411 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 Audrain County, Missouri
There are 193 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Audrain County.
Housing Choice Vouchers in Audrain County, Missouri
On average, Section 8 Housing Choice vouchers pay Audrain County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Audrain County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Audrain County, Missouri for a two-bedroom apartment is between $717 and $877.
Sourced from federal housing data and AffordableHousingOnline.com research.