How many renters live in Callaway County, Missouri?
The County of Callaway County has 44,517 people living in 15,981 households.
There are 8,776 renters living in 3,629 renter households in this County. Renters make up 19.71 percent of the population living in Callaway County.
What is the rental market like in Callaway County, Missouri?
There are an estimated 18,573 housing units in the Callaway County area. Of these, 3,837 units are rental homes, making up 21 percent of the housing market. For every renter household in Callaway County, Missouri, there are 1 rental units.
What is the vacancy rate for rentals in Callaway County?
The rental vacancy rate in Callaway County is 4 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 Callaway County for each bedroom size?
Occupied Rental Units by Size in Callaway County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 26 | 511 | 1,459 | 1,186 | 409 |
Occupied Rental Units by Size in Callaway County
A large number of apartments in Callaway 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 Callaway County are overburdened by housing costs?
Among renter households in this market, 32 percent have housing cost burden. Further, 14 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 Callaway County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $708 to $1,380. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $708 |
| One BR | $713 |
| Two BR | $937 |
| Three BR | $1,133 |
| Four BR | $1,380 |
2024 Fair Market Rents in Callaway County, Missouri
How many units are rented at Fair Market Rent (FMR) in Callaway 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 | 26 | 100 percent |
| One BR | 427 | 84 percent |
| Two BR | 972 | 67 percent |
Rental Units Below FMR in Callaway County, Missouri
How many affordable rental units are in Callaway County?
There are a variety of federal affordable housing programs serving households in Callaway County, Missouri including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 287 |
| Public Housing | 200 |
| Section 8 Project-Based Rental Assistance | 128 |
| Section 811 Supportive Housing for Persons with Disabilities | 31 |
| USDA Section 515 Rural Rental Housing | 89 |
Tracked Units by Federal Program in Callaway County, Missouri
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Callaway County, Missouri
Callaway County features 1,137 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 Callaway County, Missouri
There are 520 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Callaway County.
Housing Choice Vouchers in Callaway County, Missouri
On average, Section 8 Housing Choice vouchers pay Callaway County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Callaway County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Callaway County, Missouri for a two-bedroom apartment is between $843 and $1,031.
Sourced from federal housing data and AffordableHousingOnline.com research.
