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Affordable Housing In La Monte
Pettis County, Missouri

Housing Authorities that serve La Monte

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 $644 and $787.

2021 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
Fair Market Rent $520 $573 $715 $944 $970
Payment Standard Range $468 to $572 $516 to $630 $644 to $787 $850 to $1,038 $873 to $1,067

Sourced from federal housing data and 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 $55,100

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

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,760 $17,240 $21,720 $26,200 $30,300 $32,550 $34,800 $37,050
50% of Median $19,650 $22,450 $25,250 $28,050 $30,300 $32,550 $34,800 $37,050
80% of Median $31,450 $35,950 $40,450 $44,900 $48,500 $52,100 $55,700 $59,300