Affordable Housing In Morgan County
11 Low Income Apartment Communities In Morgan County
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 AffordableHousingOnline.com 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|
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|