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Affordable Housing In Hannibal
Marion County, Missouri

17 Low Income Apartment Communities In Hannibal

Hannibal Manor

271 Munger Ln
Hannibal, Missouri
Income Based
1-3 BR
Subsidized
62+

Park Terrace Apartments

1440 30th St
Hannibal, Missouri
Call For Rent
1-2 BR
Subsidized

Hannibal Arms Apartments

2 Meredith Dr
Hannibal, Missouri
Call For Rent
1 BR
Subsidized
62+

Holman Place

3075 Holman Drive
Hannibal, Missouri
$499-549
2-3 BR
Accepts Vouchers

Chloe Place

State Hwy W and Munger Ln
Hannibal, Missouri
Accepts Vouchers

Beth - Haven Terrace

901 Central Ave
Hannibal, Missouri
Subsidized
62+
Accessible
Elderly Supportive Housing

College Apartments

3070 Holman Dr
Hannibal, Missouri
Accepts Vouchers

Hannibal Estates

494 Munger Ln
Hannibal, Missouri
Subsidized

Hannibal Village

732 Head Ln
Hannibal, Missouri
Subsidized

Oakview Apartments

202 Centerville Rd
Hannibal, Missouri
Subsidized

Housing Authorities that serve Hannibal

Housing Authority Programs
Hannibal Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Lincoln County Public Housing Agency Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Hannibal, Missouri

There are 17 low income housing apartment communities offering 1,061 affordable apartments for rent in Hannibal, Missouri.

Income Based Apartments in Hannibal, Missouri

Hannibal features 860 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 Hannibal, Missouri

There are 201 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hannibal.

Housing Choice Vouchers in Hannibal, Missouri

On average, Section 8 Housing Choice vouchers pay Hannibal landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Hannibal.

The maximum amount a voucher would pay on behalf of a low-income tenant in Hannibal, Missouri for a two-bedroom apartment is between $581 and $710.

2020 Hannibal, Missouri Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $515 $520 $645 $901 $904
Payment Standard Range $464 to $567 $468 to $572 $581 to $710 $811 to $991 $814 to $994

Sourced from federal housing data and AffordableHousingOnline.com research.

Hannibal, MO Affordable Housing Snapshot

Total Affordable Apartment Properties 17
Total Low Income Apartments 1,061
Total Housing Units with Rental Assistance 860
Percentage of Housing Units Occupied By Renters 41.35%
Average Renter Household Size 2.30
Average Household Size 2.35
Median Household Income $36,308 ±$2,222
Median Rent $611 ±$28
Percentage Of Renters Overburdened 42.11% ± 6.35pp
Total Population 17,717

Population and Household Demographics

Hannibal is a City in Marion County, Missouri with a population of 17,717. There are 6,973 households in the city with an average household size of 2.35 persons. 41.35% of households in Hannibal are renters.

Income and Rent Overburden in Hannibal

The median gross income for households in Hannibal is $36,308 a year, or $3,026 a month. The median rent for the city is $611 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hannibal, a household making less than $2,037 a month would be considered overburdened when renting an apartment at or above the median rent. 42.11% of households who rent are overburdened in Hannibal.1

Area Median Income In Hannibal

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Hannibal, the AMI is calculated from all households within Marion County.

In Hannibal, HUD calculates the Area Median Income for a family of four as $59,200

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Hannibal

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Hannibal

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $30,170 $34,350 $36,750 $39,100
50% of Median $20,750 $23,700 $26,650 $29,600 $32,000 $34,350 $36,750 $39,100
80% of Median $33,150 $37,900 $42,650 $47,350 $51,150 $54,950 $58,750 $62,550