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Affordable Housing In Boonville
Cooper County, Missouri

9 Low Income Apartment Communities In Boonville

Village Meadow

1400 Village Drive
Boonville, Missouri
Call For Rent
1 BR

Boonslick Residential Services, Inc

440 Boone Village Dr
Boonville, Missouri
Elderly Supportive Housing

Rankin Mill Apartments

2240 Rankin Mill Ln
Boonville, Missouri

Kemper Village Homes

385 W Ashley Rd
Boonville, Missouri

Hamilton Brown Apartments

300 1st St
Boonville, Missouri

Boonville Estates

380 Boone Village Dr
Boonville, Missouri


908 High St
Boonville, Missouri

Village Assoc of Boonville II

400 Boone Village Dr
Boonville, Missouri

Village Assoc of Boonville I

400 Boone Village Dr
Boonville, Missouri
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Housing Authorities that serve Boonville

Housing Authority Programs
Boonville Housing Authority Public Housing

Guide To Affordable Housing in Boonville, Missouri

There are 9 low income housing apartment communities offering 322 affordable apartments for rent in Boonville, Missouri.

Income Based Apartments in Boonville, Missouri

Boonville features 195 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 Boonville, Missouri

There are 127 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Boonville.

Housing Choice Vouchers in Boonville, Missouri

On average, Section 8 Housing Choice vouchers pay Boonville landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Boonville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Boonville, Missouri for a two-bedroom apartment is between $615 and $751.

2021 Boonville, Missouri Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $471 $518 $683 $935 $1,050
Payment Standard Range $424 to $518 $466 to $570 $615 to $751 $842 to $1,029 $945 to $1,155

Sourced from federal housing data and research.

Boonville, MO Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 322
Total Housing Units with Rental Assistance 195
Percentage of Housing Units Occupied By Renters 41.11%
Average Renter Household Size 2.19
Average Household Size 2.30
Median Household Income $34,705 ±$4,924
Median Rent $635 ±$43
Percentage Of Renters Overburdened 44.63% ± 8.81pp
Total Population 8,350

Population and Household Demographics

Boonville is a city in Cooper County, Missouri with a population of 8,350. There are 2,987 households in the city with an average household size of 2.30 persons. 41.11% of households in Boonville are renters.

Income and Rent Overburden in Boonville

The median gross income for households in Boonville is $34,705 a year, or $2,892 a month. The median rent for the city is $635 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Boonville, a household making less than $2,117 a month would be considered overburdened when renting an apartment at or above the median rent. 44.63% of households who rent are overburdened in Boonville.

Area Median Income In Boonville

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Boonville, the AMI is calculated from all households within Cooper County.

In Boonville, HUD calculates the Area Median Income for a family of four as $67,100

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Boonville

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Boonville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,150 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $23,500 $26,850 $30,200 $33,550 $36,250 $38,950 $41,650 $44,300
80% of Median $37,600 $43,000 $48,350 $53,700 $58,000 $62,300 $66,600 $70,900