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Affordable Housing In Neosho
Newton County, Missouri

10 Low Income Apartment Communities In Neosho

Greystone Place

201 N Jefferson St
Neosho, Missouri
Call For Rent
1-2 BR
Accepts Vouchers

The Lane Apartments

303 E Hickory Street
Neosho, Missouri

Stewart Apartments

345 N Wood St
Neosho, Missouri

The Hamptons of Neosho

3615 Beaumont St
Neosho, Missouri
Accepts Vouchers

Neosho Meadows

2980 Laramie Ln
Neosho, Missouri
Accepts Vouchers

The Oaks and Summitview

321 Hamilton St
Neosho, Missouri

Neosho Villas

3080 Laramie Ln
Neosho, Missouri
Accepts Vouchers

Crowder Apartments

RR 6
Neosho, Missouri
Accepts Vouchers

Brook Street Apartments

423 W Brook St
Neosho, Missouri

The Trails

3760 2nd St
Neosho, Missouri
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Housing Authorities that serve Neosho

Housing Authority Programs
Neosho Housing Authority Public Housing

Guide To Affordable Housing in Neosho, Missouri

There are 10 low income housing apartment communities offering 399 affordable apartments for rent in Neosho, Missouri.

Income Based Apartments in Neosho, Missouri

Neosho features 160 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 Neosho, Missouri

There are 239 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Neosho.

Housing Choice Vouchers in Neosho, Missouri

On average, Section 8 Housing Choice vouchers pay Neosho landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in Neosho.

The maximum amount a voucher would pay on behalf of a low-income tenant in Neosho, Missouri for a two-bedroom apartment is between $651 and $795.

2020 Neosho, 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 $517 $563 $723 $957 $1,001
Payment Standard Range $465 to $569 $507 to $619 $651 to $795 $861 to $1,053 $901 to $1,101

Sourced from federal housing data and research.

Neosho, MO Affordable Housing Snapshot

Total Affordable Apartment Properties 10
Total Low Income Apartments 399
Total Housing Units with Rental Assistance 160
Percentage of Housing Units Occupied By Renters 41.73%
Average Renter Household Size 2.23
Average Household Size 2.55
Median Household Income $36,266 ±$3,426
Median Rent $559 ±$53
Percentage Of Renters Overburdened 46.48% ± 8.88pp
Total Population 12,102

Population and Household Demographics

Neosho is a city in Newton County, Missouri with a population of 12,102. There are 4,563 households in the city with an average household size of 2.55 persons. 41.73% of households in Neosho are renters.

Income and Rent Overburden in Neosho

The median gross income for households in Neosho is $36,266 a year, or $3,022 a month. The median rent for the city is $559 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Neosho, a household making less than $1,863 a month would be considered overburdened when renting an apartment at or above the median rent. 46.48% of households who rent are overburdened in Neosho.

Area Median Income In Neosho

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 Neosho, the AMI is calculated from all households within Newton County.

In Neosho, HUD calculates the Area Median Income for a family of four as $63,300

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 Neosho

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 Neosho

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,200 $17,240 $21,720 $26,200 $30,680 $35,160 $38,950 $41,450
50% of Median $22,000 $25,150 $28,300 $31,400 $33,950 $36,450 $38,950 $41,450
80% of Median $35,200 $40,200 $45,250 $50,250 $54,300 $58,300 $62,350 $66,350