What HUD offices serve Caruthersville, 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 Caruthersville.
How many renters live in Caruthersville, Missouri?
The City of Caruthersville has 5,504 people living in 2,224 households.
There are 2,694 renters living in 1,141 renter households in this City. Renters make up 48.95 percent of the population living in Caruthersville.
What is the rental market like in Caruthersville, Missouri?
There are an estimated 2,555 housing units in the Caruthersville area. Of these, 1,224 units are rental homes, making up 48 percent of the housing market. For every renter household in Caruthersville, Missouri, there are 1 rental units.
What is the vacancy rate for rentals in Caruthersville?
The rental vacancy rate in Caruthersville 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 Caruthersville for each bedroom size?
Occupied Rental Units by Size in Caruthersville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 13 | 229 | 266 | 524 | 109 |
Occupied Rental Units by Size in Caruthersville
A large number of apartments in Caruthersville 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 Caruthersville are overburdened by housing costs?
Among renter households in this market, 45 percent have housing cost burden. Further, 18 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 Caruthersville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $601 to $1,109. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $601 |
| One BR | $710 |
| Two BR | $797 |
| Three BR | $1,053 |
| Four BR | $1,109 |
2024 Fair Market Rents in Caruthersville, Missouri
How many units are rented at Fair Market Rent (FMR) in Caruthersville?
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 | 3 | 23 percent |
| One BR | 186 | 81 percent |
| Two BR | 173 | 65 percent |
Rental Units Below FMR in Caruthersville, Missouri
How many affordable rental units are in Caruthersville?
There are a variety of federal affordable housing programs serving households in Caruthersville, Missouri including the following:
| Federal Program | Unit Count |
| Public Housing | 304 |
| Section 8 Project-Based Rental Assistance | 116 |
| USDA Section 515 Rural Rental Housing | 12 |
Tracked Units by Federal Program in Caruthersville, Missouri
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Caruthersville, Missouri
Caruthersville features 432 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 Caruthersville, Missouri
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Caruthersville.
Housing Choice Vouchers in Caruthersville, Missouri
On average, Section 8 Housing Choice vouchers pay Caruthersville landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Caruthersville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Caruthersville, Missouri for a two-bedroom apartment is between $717 and $877.
Sourced from federal housing data and AffordableHousingOnline.com research.
