Low Income Apartments and Affordable Housing For Rent in Fair Grove, MO

Discover affordable housing in Fair Grove where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Fair Grove Senior Citizens Housing

99 S Heritage St, Fair Grove, Missouri 65648

Open Until Further Notice

Reported On February 23rd, 2024 by Chris Madden

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Fair Grove, Missouri
$17.44/hour
$5.14 (+42%) more than Missouri minimum wage and $10.19 (+141%) more than the Federal minimum wage.
Learn More About Fair Grove, Missouri Affordable Housing ↓

What HUD offices serve Fair Grove, 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.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Fair Grove, Missouri.

Go to the Missouri Public Housing and Low-Income Apartments Waiting Lists page for openings near Fair Grove.

How many renters live in Fair Grove, Missouri?

The City of Fair Grove has 1,625 people living in 586 households.

There are 428 renters living in 156 renter households in this City. Renters make up 26.34 percent of the population living in Fair Grove.

What is the rental market like in Fair Grove, Missouri?

There are an estimated 607 housing units in the Fair Grove area. Of these, 156 units are rental homes, making up 26 percent of the housing market. For every renter household in Fair Grove, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Fair Grove?

The rental vacancy rate in Fair Grove is 0 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 Fair Grove for each bedroom size?

Occupied Rental Units by Size in Fair Grove
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 36 73 47 0
Occupied Rental Units by Size in Fair Grove

A large number of apartments in Fair Grove 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 Fair Grove are overburdened by housing costs?

Among renter households in this market, 35 percent have housing cost burden. Further, 8 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 Fair Grove

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $718 to $1,434. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $718
One BR $723
Two BR $921
Three BR $1,274
Four BR $1,434
2024 Fair Market Rents in Fair Grove, Missouri

How many units are rented at Fair Market Rent (FMR) in Fair Grove?

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
One BR 26 72 percent
Two BR 47 64 percent
Rental Units Below FMR in Fair Grove, Missouri

How many affordable rental units are in Fair Grove?

There are a variety of federal affordable housing programs serving households in Fair Grove, Missouri including the following:

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 20
Tracked Units by Federal Program in Fair Grove, Missouri

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Fair Grove, Missouri

Fair Grove features 20 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 Fair Grove, Missouri

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

Housing Choice Vouchers in Fair Grove, Missouri

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Fair Grove, Missouri for a two-bedroom apartment is between $829 and $1,013.

Sourced from federal housing data and AffordableHousingOnline.com research.