How many renters live in Fairfax, Missouri?
The City of Fairfax has people living in households.
There are renters living in renter households in this City. Renters make up 29.41 percent of the population living in Fairfax.
What is the rental market like in Fairfax, Missouri?
There are an estimated housing units in the Fairfax area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Fairfax, Missouri, there are 1.06 rental units.
What is the vacancy rate for rentals in Fairfax?
The rental vacancy rate in Fairfax 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 Fairfax for each bedroom size?
Occupied Rental Units by Size in Fairfax
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 44 | 29 | 15 | 12 |
Occupied Rental Units by Size in Fairfax
A large number of apartments in Fairfax 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 Fairfax
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $601 to $1,096. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $601 |
| One BR | $607 |
| Two BR | $797 |
| Three BR | $964 |
| Four BR | $1,096 |
2024 Fair Market Rents in Fairfax, Missouri
How many units are rented at Fair Market Rent (FMR) in Fairfax?
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 | 35 | 80 percent |
| Two BR | 23 | 79 percent |
Rental Units Below FMR in Fairfax, Missouri
How many affordable rental units are in Fairfax?
Income Based Apartments in Fairfax, Missouri
Fairfax features 0 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 Fairfax, Missouri
There are 33 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fairfax.
Housing Choice Vouchers in Fairfax, Missouri
On average, Section 8 Housing Choice vouchers pay Fairfax landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Fairfax.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fairfax, Missouri for a two-bedroom apartment is between $717 and $877.
Sourced from federal housing data and AffordableHousingOnline.com research.