Affordable Housing In La Monte
Pettis County, Missouri

Section 8 Vouchers, Apartments, and Waiting Lists in La Monte, Missouri

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving La Monte, Missouri

Housing Authority Programs
Lafayette County Housing Authority Section 8 Housing Choice Voucher (HCV)
Sedalia Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in La Monte, Missouri

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in La Monte, Missouri.

Income Based Apartments in La Monte, Missouri

La Monte features 0 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 La Monte, Missouri

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

Housing Choice Vouchers in La Monte, Missouri

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

The maximum amount a voucher would pay on behalf of a low-income tenant in La Monte, Missouri for a two-bedroom apartment is between $668 and $816.

2022 La Monte, 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
La Monte, Missouri Fair Market Rent $550 $587 $742 $986 $1,043
La Monte, Missouri Payment Standard Range $495 to $605 $528 to $646 $668 to $816 $887 to $1,085 $939 to $1,147

Sourced from federal housing data and AffordableHousingOnline.com research.

La Monte, MO Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 46.01%
Average Renter Household Size 3.14
Average Household Size 3.20
Median Household Income $43,285 ±$9,341
Median Rent $620 ±$94
Percentage Of Renters Overburdened 21.29% ± 13.2pp
Total Population 1,406

Population and Household Demographics

La Monte is a city in Pettis County, Missouri with a population of 1,406. There are 439 households in the city with an average household size of 3.20 persons. 46.01% of households in La Monte are renters.

Income and Rent Overburden in La Monte

The median gross income for households in La Monte is $43,285 a year, or $3,607 a month. The median rent for the city is $620 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In La Monte, a household making less than $2,067 a month would be considered overburdened when renting an apartment at or above the median rent. 21.29% of households who rent are overburdened in La Monte.

Area Median Income In La Monte

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 La Monte, the AMI is calculated from all households within Pettis County.

In La Monte, HUD calculates the Area Median Income for a family of four as $55,700

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 La Monte

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 La Monte

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 La Monte AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $30,450 $32,700 $34,950 $37,200
50% AMI Income Limits
Renters earning up to 50% of the La Monte AMI may qualify for rental assistance programs that target Very Low Income households.
$19,750 $22,550 $25,350 $28,150 $30,450 $32,700 $34,950 $37,200
80% AMI Income Limits
Renters earning up to 80% of the La Monte AMI may qualify for rental assistance programs that target Low Income households.
$31,550 $36,050 $40,550 $45,050 $48,700 $52,300 $55,900 $59,500