How many renters live in Missouri?
The State of Missouri has 43,227 people living in 16,494 households.
There are 8,355 renters living in 2,986 renter households in this State. Renters make up 19.33 percent of the population living in Missouri.
What is the rental market like in Missouri?
There are an estimated 39,729 housing units in the Missouri area. Of these, 3,238 units are rental homes, making up 8 percent of the housing market. For every renter household in Missouri, there are 1 rental units.
What is the vacancy rate for rentals in Missouri?
The rental vacancy rate in Missouri is 8 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 Missouri for each bedroom size?
Occupied Rental Units by Size in Missouri
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 33 | 394 | 1,370 | 923 | 212 |
Occupied Rental Units by Size in Missouri
A large number of apartments in Missouri 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 Missouri are overburdened by housing costs?
Among renter households in this market, 30 percent have housing cost burden. Further, 13 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 many units are rented at Fair Market Rent (FMR) in Missouri?
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 |
| Studio | 17 | 52 percent |
| One BR | 201 | 51 percent |
| Two BR | 808 | 59 percent |
Rental Units Below FMR in Missouri
How many affordable rental units are in Missouri?
There are a variety of federal affordable housing programs serving households in Missouri including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 258 |
| Section 8 Project-Based Rental Assistance | 1 |
| USDA Section 515 Rural Rental Housing | 131 |
Tracked Units by Federal Program in Missouri
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Missouri
Missouri features 57,393 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 Missouri
There are 44,090 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Missouri.
Housing Choice Vouchers in Missouri
On average, Section 8 Housing Choice vouchers pay Missouri landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Missouri.
The maximum amount a voucher would pay on behalf of a low-income tenant in Missouri for a two-bedroom apartment is between $781 and $955.
Sourced from federal housing data and AffordableHousingOnline.com research.
