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Affordable Housing In Morgan County

11 Low Income Apartment Communities In Morgan County

Stover Estates Lp

600 W 4th St
Stover, Missouri
Income Based
1-2 BR

Barnett Manor Apartments

21147 N Beacon Rd
Barnett, Missouri
Call For Rent
1 BR

The Maples Apartments

401 S Monroe St
Versailles, Missouri

Stover Golden Acres

101 E 1st St
Stover, Missouri

Missouri Avenue Apartments, Lp

700 Missouri Ave
Versailles, Missouri

Versailles Ph IIi

100 Lyndon Ave
Versailles, Missouri
Accepts Vouchers

300 Fairgrounds Rd

300 Fairgrounds Rd
Versailles, Missouri

Cochurmin Homes Inc

315 Hwy O
Gravois Mills, Missouri

Versailles Estates Apartments

300 S Burke St
Versailles, Missouri

Versailles Phase II

700 S. 2nd
Versailles, Missouri

Guide To Affordable Housing in Morgan County, Missouri

There are 11 low income housing apartment communities offering 240 affordable apartments for rent in Morgan County, Missouri.

Income Based Apartments in Morgan County, Missouri

Morgan County features 172 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 Morgan County, Missouri

There are 68 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Morgan County.

Housing Choice Vouchers in Morgan County, Missouri

On average, Section 8 Housing Choice vouchers pay Morgan County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Morgan County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Morgan County, Missouri for a two-bedroom apartment is between $571 and $697.

2020 Morgan 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
Fair Market Rent $426 $485 $634 $856 $859
Payment Standard Range $383 to $469 $437 to $534 $571 to $697 $770 to $942 $773 to $945

Sourced from federal housing data and research.

Morgan County, MO Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 240
Total Housing Units with Rental Assistance 172
Percentage of Housing Units Occupied By Renters 23.69%
Average Renter Household Size 2.79
Average Household Size 2.55
Median Household Income $33,525 ±$1,668
Median Rent $632 ±$45
Percentage Of Renters Overburdened 44.35% ± 7.12pp
Total Population 20,225

Population and Household Demographics

Morgan County is a county in Missouri with a population of 20,225. There are 7,812 households in the county with an average household size of 2.55 persons. 23.69% of households in Morgan County are renters.

Income and Rent Overburden in Morgan County

The median gross income for households in Morgan County is $33,525 a year, or $2,794 a month. The median rent for the county is $632 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Morgan County, a household making less than $2,107 a month would be considered overburdened when renting an apartment at or above the median rent. 44.35% of households who rent are overburdened in Morgan County.

Area Median Income In Morgan 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 Morgan County, HUD calculates the Area Median Income for a family of four as $48,700

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 Morgan 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 Morgan County

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

Cities In Morgan County

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Gravois Mills