How many renters live in Gravois Mills, Missouri?
The City of Gravois Mills has 121 people living in 58 households.
There are 19 renters living in 13 renter households in this City. Renters make up 15.7 percent of the population living in Gravois Mills.
What is the rental market like in Gravois Mills, Missouri?
There are an estimated 96 housing units in the Gravois Mills area. Of these, 19 units are rental homes, making up 20 percent of the housing market. For every renter household in Gravois Mills, Missouri, there are 1 rental units.
What is the vacancy rate for rentals in Gravois Mills?
The rental vacancy rate in Gravois Mills is 5 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 Gravois Mills for each bedroom size?
Occupied Rental Units by Size in Gravois Mills
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 4 | 5 | 4 | 0 |
Occupied Rental Units by Size in Gravois Mills
A large number of apartments in Gravois Mills 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 Gravois Mills are overburdened by housing costs?
Among renter households in this market, 38 percent have housing cost burden. Further, 38 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 Gravois Mills
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $601 to $1,061. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $601 |
| One BR | $707 |
| Two BR | $797 |
| Three BR | $1,057 |
| Four BR | $1,061 |
2024 Fair Market Rents in Gravois Mills, Missouri
How many units are rented at Fair Market Rent (FMR) in Gravois Mills?
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 | 3 | 75 percent |
| Two BR | 5 | 100 percent |
Rental Units Below FMR in Gravois Mills, Missouri
How many affordable rental units are in Gravois Mills?
Income Based Apartments in Gravois Mills, Missouri
Gravois Mills 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 Gravois Mills, Missouri
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gravois Mills.
Housing Choice Vouchers in Gravois Mills, Missouri
On average, Section 8 Housing Choice vouchers pay Gravois Mills landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Gravois Mills.
The maximum amount a voucher would pay on behalf of a low-income tenant in Gravois Mills, Missouri for a two-bedroom apartment is between $717 and $877.
Sourced from federal housing data and AffordableHousingOnline.com research.
