Affordable Housing In Oregon County
4 Low Income Apartment Communities In Oregon County
Guide To Affordable Housing in Oregon County, Missouri
There are 4 low income housing apartment communities offering 96 affordable apartments for rent in Oregon County, Missouri.
Income Based Apartments in Oregon County, Missouri
Oregon County features 48 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 Oregon County, Missouri
There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oregon County.
Housing Choice Vouchers in Oregon County, Missouri
On average, Section 8 Housing Choice vouchers pay Oregon County landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Oregon County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Oregon County, Missouri for a two-bedroom apartment is between $617 and $754.
2022 Oregon 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|
|Oregon County, Missouri Fair Market Rent||$489||$521||$685||$973||$1,149|
|Oregon County, Missouri Payment Standard Range||$440 to $538||$469 to $573||$617 to $754||$876 to $1,070||$1,034 to $1,264|
Sourced from federal housing data and AffordableHousingOnline.com research.
Oregon County, MO Affordable Housing Snapshot
|Total Affordable Apartment Properties||4|
|Total Low Income Apartments||96|
|Total Housing Units with Rental Assistance||48|
|Percentage of Housing Units Occupied By Renters||24.66%|
|Average Renter Household Size||2.24|
|Average Household Size||2.48|
|Median Household Income||$29,851 ±$1,988|
|Median Rent||$473 ±$38|
|Percentage Of Renters Overburdened||46.7% ± 8.33pp|
Population and Household Demographics
Oregon County is a county in Missouri with a population of 10,979. There are 4,367 households in the county with an average household size of 2.48 persons. 24.66% of households in Oregon County are renters.
Income and Rent Overburden in Oregon County
The median gross income for households in Oregon County is $29,851 a year, or $2,488 a month. The median rent for the county is $473 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Oregon County, a household making less than $1,577 a month would be considered overburdened when renting an apartment at or above the median rent. 46.7% of households who rent are overburdened in Oregon County.
Area Median Income In Oregon 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 Oregon County, HUD calculates the Area Median Income for a family of four as $44,200
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 Oregon 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 Oregon County
|1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% AMI Income Limits
Renters earning up to 30% of the Oregon County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Oregon County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Oregon County AMI may qualify for rental assistance programs that target Low Income households.