How many renters live in Downing, Missouri?
The City of Downing has people living in households.
There are renters living in renter households in this City. Renters make up 22.29 percent of the population living in Downing.
What is the rental market like in Downing, Missouri?
There are an estimated housing units in the Downing area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Downing, Missouri, there are 1.06 rental units.
What is the vacancy rate for rentals in Downing?
The rental vacancy rate in Downing is 6 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 Downing for each bedroom size?
Occupied Rental Units by Size in Downing
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 20 | 23 | 3 | 2 | 1 |
Occupied Rental Units by Size in Downing
A large number of apartments in Downing have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Downing
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $540 to $1,061. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $540 |
| One BR | $607 |
| Two BR | $797 |
| Three BR | $964 |
| Four BR | $1,061 |
2024 Fair Market Rents in Downing, Missouri
How many units are rented at Fair Market Rent (FMR) in Downing?
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 | 20 | 100 percent |
| One BR | 23 | 100 percent |
| Two BR | 0 | 100 percent |
Rental Units Below FMR in Downing, Missouri
How many affordable rental units are in Downing?
There are a variety of federal affordable housing programs serving households in Downing, Missouri including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Downing, Missouri
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Downing, Missouri
Downing features 23 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 Downing, Missouri
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Downing.
Housing Choice Vouchers in Downing, Missouri
On average, Section 8 Housing Choice vouchers pay Downing landlords $300 per month towards rent. The average voucher holder contributes $200 towards rent in Downing.
The maximum amount a voucher would pay on behalf of a low-income tenant in Downing, Missouri for a two-bedroom apartment is between $717 and $877.
Sourced from federal housing data and AffordableHousingOnline.com research.