Affordable Housing In Newton County

11 Low Income Apartment Communities In Newton County

Greystone Place

201 N Jefferson St
Neosho, MO
Call For Rent
1-2 BR
HCV Welcome

The Lane Apartments

303 E Hickory Street
Neosho, MO

Stewart Apartments

345 N Wood St
Neosho, MO

Indian Hills Apartments

800 Chickesaw St
Seneca, MO

The Hamptons of Neosho

3615 Beaumont St
Neosho, MO
HCV Welcome

Neosho Meadows

2980 Laramie Ln
Neosho, MO
HCV Welcome

Lost Creek Manor

2101 Highway K
Seneca, MO

The Oaks and Summitview

321 Hamilton St
Neosho, MO

Neosho Villas

3080 Laramie Ln
Neosho, MO
HCV Welcome

Crowder Apartments

RR 6
Neosho, MO
HCV Welcome

Other Housing Authorities located in Newton County

Housing Authority Programs
Neosho Housing Authority Public Housing

Guide To Affordable Housing in Newton County, Missouri

There are 11 low income housing apartment communities offering 455 affordable apartments for rent in Newton County, Missouri. Newton County features 216 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 239 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Newton County.

Sourced from federal housing data and research.

Newton County, MO Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 455
Total Housing Units with Rental Assistance 216
Percentage of Housing Units Occupied By Renters 28.1%
Average Renter Household Size 2.43
Average Household Size 2.62
Median Household Income $43,290 ±$1,699
Median Rent $629 ±$27
Percentage Of Renters Overburdened 38.82% ± 4.87pp
Total Population 58,777

Population and Household Demographics

Newton County is a County in Missouri with a population of 58,777. There are 22,096 households in the county with an average household size of 2.62 persons. 28.1% of households in Newton County are renters.

Income and Rent Overburden in Newton County

The median gross income for households in Newton County is $43,290 a year, or $3,608 a month. The median rent for the county is $629 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Newton County, a household making less than $2,097 a month would be considered overburdened when renting an apartment at or above the median rent. 38.82% of households who rent are overburdened in Newton County.1

Area Median Income In Newton 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 Newton County, HUD calculates the Area Median Income for a family of four as $58,200

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 Newton 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 Newton County HUD Rental Assistance in Newton County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $30,170 $33,800 $36,100 $38,450
50% of Median $20,400 $23,300 $26,200 $29,100 $31,450 $33,800 $36,100 $38,450
80% of Median $32,600 $37,250 $41,900 $46,550 $50,300 $54,000 $57,750 $61,450
Low Income Housing Tax Credits in Newton County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1990 to 2003, 6 low income apartment communities containing 231 rental apartments have been constructed and made affordable to low income persons in Newton County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Newton County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $20,400 $23,300 $26,200 $29,100 $31,450 $33,800 $36,100 $38,450
60% of Median $24,480 $27,960 $31,440 $34,920 $37,740 $40,560 $43,320 $46,140

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Newton County is $31,440 a year, or $2,620 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,620 by 30% to get a maximum rent of $786 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $510 $546 $655 $757 $845 $932
60% $612 $656 $786 $908 $1,014 $1,118
Fair Market Rents in Newton County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$517 $563 $723 $957 $1,001

Cities In Newton County

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

City Listings Served By
Seneca 2
Neosho 8 The HUD funded Public Housing Agency that serves Neosho is the Neosho Housing Authority.
Granby 0
Diamond 1
Cliff Village 0
Dennis Acres 0
Fairview 0
Grand Falls Plaza 0
Leawood 0
Loma Linda 0
Newtonia 0
Redings Mill 0
Saginaw 0
Shoal Creek Drive 0
Shoal Creek Estates 0
Silver Creek 0
Stark City 0
Stella 0
Wentworth 0
Ritchey 0