Affordable Housing In Knox County

4 Low Income Apartment Communities In Knox County

Fairgrounds Villa

608 Fairgrounds Road
Warrenton, Missouri

Knox City Senior Haven Incorporated

310 Senior Dr
Knox City, Missouri

Knox County Senior Citizens Housing Inc

400 N Cottey St
Edina, Missouri

Baring Community Senior Housing Inc

100 E First St
Baring, Missouri
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Guide To Affordable Housing in Knox County, Missouri

There are 4 low income housing apartment communities offering 88 affordable apartments for rent in Knox County, Missouri.

Income Based Apartments in Knox County, Missouri

Knox County features 36 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 County, Missouri

There are 52 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Knox County.

Housing Choice Vouchers in Knox County, Missouri

On average, Section 8 Housing Choice vouchers pay Knox County landlords $300 per month towards rent. The average voucher holder contributes $200 towards rent in Knox County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Knox County, Missouri for a two-bedroom apartment is between $617 and $754.

2022 Knox County, 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
Knox County, Missouri Fair Market Rent $489 $521 $685 $847 $1,061
Knox County, Missouri Payment Standard Range $440 to $538 $469 to $573 $617 to $754 $762 to $932 $955 to $1,167

Sourced from federal housing data and research.

Knox County, MO Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 88
Total Housing Units with Rental Assistance 36
Percentage of Housing Units Occupied By Renters 21.97%
Average Renter Household Size 2.11
Average Household Size 2.34
Median Household Income $38,289 ±$2,164
Median Rent $509 ±$71
Percentage Of Renters Overburdened 31.27% ± 11.15pp
Total Population 4,035

Population and Household Demographics

Knox County is a county in Missouri with a population of 4,035. There are 1,689 households in the county with an average household size of 2.34 persons. 21.97% of households in Knox County are renters.

Income and Rent Overburden in Knox County

The median gross income for households in Knox County is $38,289 a year, or $3,191 a month. The median rent for the county is $509 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Knox County, a household making less than $1,697 a month would be considered overburdened when renting an apartment at or above the median rent. 31.27% of households who rent are overburdened in Knox County.

Area Median Income In Knox County

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.

In Knox County, HUD calculates the Area Median Income for a family of four as $56,500

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 Knox County

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 Knox County

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Knox County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $30,550 $32,800 $35,050 $37,300
50% AMI Income Limits
Renters earning up to 50% of the Knox County AMI may qualify for rental assistance programs that target Very Low Income households.
$19,800 $22,600 $25,450 $28,250 $30,550 $32,800 $35,050 $37,300
80% AMI Income Limits
Renters earning up to 80% of the Knox County AMI may qualify for rental assistance programs that target Low Income households.
$31,650 $36,200 $40,700 $45,200 $48,850 $52,450 $56,050 $59,700

Cities In Knox County

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