Low Income Apartments and Affordable Housing For Rent in Park Hills, MO

Discover affordable housing in Park Hills where there are 8+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Flat River Apartments

900 Taylor Ave, Park Hills, Missouri 63601

St Francois Heights

1100 St Joe Dr, Park Hills, Missouri 63601

Heritage Manor Apartments

300 Lee Street, Park Hills, Missouri 63601

Pleasant View Estates

115 McGlashon St, Park Hills, Missouri 63601

Village Gardens

302 Edgewood St, Park Hills, Missouri 63601

Eugene Fields

403 Glendale St, Park Hills, Missouri 63601

Park Hills Villa Apartments

1102 St Joe Drive, Park Hills, Missouri 63601

Park Hills Apts

300 2nd St, Park Hills, Missouri

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Park Hills, Missouri
$15.51/hour
$3.21 (+26%) more than Missouri minimum wage and $8.26 (+114%) more than the Federal minimum wage.
Learn More About Park Hills, Missouri Affordable Housing ↓

What HUD offices serve Park Hills, Missouri?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Park Hills, Missouri.

Go to the Missouri Public Housing and Low-Income Apartments Waiting Lists page for openings near Park Hills.

How many renters live in Park Hills, Missouri?

The City of Park Hills has 8,653 people living in 3,440 households.

There are 2,903 renters living in 1,317 renter households in this City. Renters make up 33.55 percent of the population living in Park Hills.

What is the rental market like in Park Hills, Missouri?

There are an estimated 3,946 housing units in the Park Hills area. Of these, 1,377 units are rental homes, making up 35 percent of the housing market. For every renter household in Park Hills, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Park Hills?

The rental vacancy rate in Park Hills is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Park Hills for each bedroom size?

Occupied Rental Units by Size in Park Hills
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
40 340 538 323 72
Occupied Rental Units by Size in Park Hills

A large number of apartments in Park Hills have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Park Hills are overburdened by housing costs?

Among renter households in this market, 37 percent have housing cost burden. Further, 5 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Park Hills

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $617 to $1,122. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $617
One BR $623
Two BR $819
Three BR $1,117
Four BR $1,122
2024 Fair Market Rents in Park Hills, Missouri

How many units are rented at Fair Market Rent (FMR) in Park Hills?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 40 100 percent
One BR 267 79 percent
Two BR 299 56 percent
Rental Units Below FMR in Park Hills, Missouri

How many affordable rental units are in Park Hills?

There are a variety of federal affordable housing programs serving households in Park Hills, Missouri including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 120
Section 8 Project-Based Rental Assistance 118
USDA Section 515 Rural Rental Housing 136
Tracked Units by Federal Program in Park Hills, Missouri

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Park Hills, Missouri

Park Hills features 202 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 Park Hills, Missouri

There are 8 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Park Hills.

Housing Choice Vouchers in Park Hills, Missouri

On average, Section 8 Housing Choice vouchers pay Park Hills landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Park Hills.

The maximum amount a voucher would pay on behalf of a low-income tenant in Park Hills, Missouri for a two-bedroom apartment is between $737 and $901.

Sourced from federal housing data and AffordableHousingOnline.com research.