What HUD offices serve Monroe City, 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.
Go to the Missouri Public Housing and Low-Income Apartments Waiting Lists page for openings near Monroe City.
How many renters live in Monroe City, Missouri?
The City of Monroe City has 3,176 people living in 1,156 households.
There are 1,360 renters living in 553 renter households in this City. Renters make up 42.82 percent of the population living in Monroe City.
What is the rental market like in Monroe City, Missouri?
There are an estimated 1,395 housing units in the Monroe City area. Of these, 597 units are rental homes, making up 43 percent of the housing market. For every renter household in Monroe City, Missouri, there are 1 rental units.
What is the vacancy rate for rentals in Monroe City?
The rental vacancy rate in Monroe City is 7 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 Monroe City for each bedroom size?
Occupied Rental Units by Size in Monroe City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 2 | 101 | 199 | 247 | 0 |
Occupied Rental Units by Size in Monroe City
A large number of apartments in Monroe 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 Monroe City are overburdened by housing costs?
Among renter households in this market, 22 percent have housing cost burden. Further, 8 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 Monroe City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $622 to $1,208. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $622 |
| One BR | $669 |
| Two BR | $828 |
| Three BR | $1,167 |
| Four BR | $1,208 |
2024 Fair Market Rents in Monroe City, Missouri
How many units are rented at Fair Market Rent (FMR) in Monroe 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 |
| Studio | 0 | 100 percent |
| One BR | 96 | 95 percent |
| Two BR | 118 | 59 percent |
Rental Units Below FMR in Monroe City, Missouri
How many affordable rental units are in Monroe City?
There are a variety of federal affordable housing programs serving households in Monroe City, Missouri including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 46 |
| USDA Section 515 Rural Rental Housing | 70 |
Tracked Units by Federal Program in Monroe City, Missouri
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Monroe City, Missouri
Monroe City features 70 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 Monroe City, Missouri
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Monroe City.
Housing Choice Vouchers in Monroe City, Missouri
On average, Section 8 Housing Choice vouchers pay Monroe City landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Monroe City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Monroe City, Missouri for a two-bedroom apartment is between $717 and $877.
Sourced from federal housing data and AffordableHousingOnline.com research.
