How many renters live in Holts Summit, Missouri?
The City of Holts Summit has people living in households.
There are renters living in renter households in this City. Renters make up 30.52 percent of the population living in Holts Summit.
What is the rental market like in Holts Summit, Missouri?
There are an estimated housing units in the Holts Summit area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Holts Summit, Missouri, there are 1.1 rental units.
What is the vacancy rate for rentals in Holts Summit?
The rental vacancy rate in Holts Summit is 9 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Holts Summit for each bedroom size?
Occupied Rental Units by Size in Holts Summit
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 170 | 255 | 11 |
Occupied Rental Units by Size in Holts Summit
A large number of apartments in Holts Summit 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 Holts Summit
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $708 to $1,380. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $708 |
| One BR | $713 |
| Two BR | $937 |
| Three BR | $1,133 |
| Four BR | $1,380 |
2024 Fair Market Rents in Holts Summit, Missouri
How many units are rented at Fair Market Rent (FMR) in Holts Summit?
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 |
| Two BR | 119 | 70 percent |
Rental Units Below FMR in Holts Summit, Missouri
How many affordable rental units are in Holts Summit?
There are a variety of federal affordable housing programs serving households in Holts Summit, Missouri including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Holts Summit, Missouri
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Holts Summit, Missouri
Holts Summit features 33 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 Holts Summit, Missouri
There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Holts Summit.
Housing Choice Vouchers in Holts Summit, Missouri
On average, Section 8 Housing Choice vouchers pay Holts Summit landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Holts Summit.
The maximum amount a voucher would pay on behalf of a low-income tenant in Holts Summit, Missouri for a two-bedroom apartment is between $843 and $1,031.
Sourced from federal housing data and AffordableHousingOnline.com research.