Affordable Housing In Diamond
Newton County, Missouri

Affordable Housing programs support 24 income based apartments in Diamond where households pay rent based on how much they earn.

There are 0 affordable apartments in Diamond that offer reduced rents to low-income households.

Waiting Lists in Diamond, Missouri

There are no open Section 8 Housing Choice Voucher waiting lists in Diamond. Go to the Missouri Section 8 Waiting Lists page for openings near Diamond.

Diamond Apartments

309 Charles St
Diamond, Missouri
Rent Assisted
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Affordable Housing Near Diamond

View affordable apartments and waiting lists in cities near Diamond

City Apartments
Affordable Housing In Granby, MO Affordable Housing programs support 1 apartment communities in Granby.
Affordable Housing In Neosho, MO Affordable Housing programs support 9 apartment communities in Neosho.
Affordable Housing In Seneca, MO Affordable Housing programs support 2 apartment communities in Seneca.

Diamond, Missouri Affordable Housing Data

Income Based Apartments in Diamond, Missouri

Diamond features 24 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 Diamond, Missouri

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Diamond.

Housing Choice Vouchers in Diamond, Missouri

On average, Section 8 Housing Choice vouchers pay Diamond landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Diamond.

The maximum amount a voucher would pay on behalf of a low-income tenant in Diamond, Missouri for a two-bedroom apartment is between $739 and $903.

2023 Diamond, 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
Diamond, Missouri Fair Market Rent $616 $654 $821 $1,042 $1,157
Diamond, Missouri Payment Standard Range $554 to $678 $589 to $719 $739 to $903 $938 to $1,146 $1,041 to $1,273

Sourced from federal housing data and research.

Diamond, MO Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 24
Total Housing Units with Rental Assistance 24
Percentage of Housing Units Occupied By Renters 22.82%
Average Renter Household Size 1.62
Average Household Size 2.24
Median Household Income $32,500 ±$8,825
Median Rent $479 ±$16
Percentage Of Renters Overburdened 34.04% ± 15.85pp
Total Population 921

Population and Household Demographics

Diamond is a city in Newton County, Missouri with a population of 921. There are 412 households in the city with an average household size of 2.24 persons. 22.82% of households in Diamond are renters.

Income and Rent Overburden in Diamond

The median gross income for households in Diamond is $32,500 a year, or $2,708 a month. The median rent for the city is $479 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Diamond, a household making less than $1,597 a month would be considered overburdened when renting an apartment at or above the median rent. 34.04% of households who rent are overburdened in Diamond.

Area Median Income In Diamond

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 Diamond, the AMI is calculated from all households within Newton County.

In Diamond, HUD calculates the Area Median Income for a family of four as $65,000

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 Diamond

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 Diamond

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Diamond AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,650 $18,310 $23,030 $27,750 $32,470 $37,190 $40,300 $42,900
50% AMI Income Limits
Renters earning up to 50% of the Diamond AMI may qualify for rental assistance programs that target Very Low Income households.
$22,750 $26,000 $29,250 $32,500 $35,100 $37,700 $40,300 $42,900
80% AMI Income Limits
Renters earning up to 80% of the Diamond AMI may qualify for rental assistance programs that target Low Income households.
$36,400 $41,600 $46,800 $52,000 $56,200 $60,350 $64,500 $68,650