Low Income Apartments and Affordable Housing For Rent in Knox City, MO

Discover affordable housing in Knox City where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Knox City Senior Haven Incorporated

310 Senior Dr, Knox City, Missouri 0

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Knox City, Missouri
$15.49/hour
$3.19 (+26%) more than Missouri minimum wage and $8.24 (+114%) more than the Federal minimum wage.
Learn More About Knox City, Missouri Affordable Housing ↓

How many renters live in Knox City, Missouri?

The City of Knox City has 148 people living in 50 households.

There are 22 renters living in 10 renter households in this City. Renters make up 14.86 percent of the population living in Knox City.

What is the rental market like in Knox City, Missouri?

There are an estimated 84 housing units in the Knox City area. Of these, 10 units are rental homes, making up 12 percent of the housing market. For every renter household in Knox City, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Knox City?

The rental vacancy rate in Knox 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 Knox City for each bedroom size?

Occupied Rental Units by Size in Knox City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 1 8 1 0
Occupied Rental Units by Size in Knox City

A large number of apartments in Knox City 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 Knox City are overburdened by housing costs?

Among renter households in this market, 0 percent have housing cost burden. Further, 0 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 Knox City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $617 to $1,249. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $617
One BR $623
Two BR $818
Three BR $989
Four BR $1,249
2024 Fair Market Rents in Knox City, Missouri

How many units are rented at Fair Market Rent (FMR) in Knox 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 1 100 percent
Two BR 5 63 percent
Rental Units Below FMR in Knox City, Missouri

How many affordable rental units are in Knox City?

There are a variety of federal affordable housing programs serving households in Knox City, Missouri including the following:

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 12
Tracked Units by Federal Program in Knox City, Missouri

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Knox City, Missouri

Knox City features 12 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 Knox City, Missouri

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Knox City.

Housing Choice Vouchers in Knox City, Missouri

On average, Section 8 Housing Choice vouchers pay Knox City landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Knox City.

The maximum amount a voucher would pay on behalf of a low-income tenant in Knox City, Missouri for a two-bedroom apartment is between $736 and $900.

Sourced from federal housing data and AffordableHousingOnline.com research.