What HUD offices serve Forest City, 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 Forest City.
How many renters live in Forest City, Missouri?
The City of Forest City has people living in households.
There are renters living in renter households in this City. Renters make up 41.35 percent of the population living in Forest City.
What is the rental market like in Forest City, Missouri?
There are an estimated housing units in the Forest City area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Forest City, Missouri, there are 1 rental units.
What is the vacancy rate for rentals in Forest City?
The rental vacancy rate in Forest City 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 Forest City for each bedroom size?
Occupied Rental Units by Size in Forest City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 20 | 13 | 6 | 0 |
Occupied Rental Units by Size in Forest City
A large number of apartments in Forest City 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 Forest City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $653 to $1,331. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $653 |
| One BR | $734 |
| Two BR | $964 |
| Three BR | $1,223 |
| Four BR | $1,331 |
2024 Fair Market Rents in Forest City, Missouri
How many units are rented at Fair Market Rent (FMR) in Forest City?
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 | 20 | 100 percent |
| Two BR | 3 | 23 percent |
Rental Units Below FMR in Forest City, Missouri
How many affordable rental units are in Forest City?
There are a variety of federal affordable housing programs serving households in Forest City, Missouri including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Forest City, Missouri
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Forest City, Missouri
Forest City features 16 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 Forest City, Missouri
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Forest City.
Housing Choice Vouchers in Forest City, Missouri
On average, Section 8 Housing Choice vouchers pay Forest City landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Forest City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Forest City, Missouri for a two-bedroom apartment is between $717 and $877.
Sourced from federal housing data and AffordableHousingOnline.com research.