What HUD offices serve Reeds Spring, 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.
Go to the Missouri Public Housing and Low-Income Apartments Waiting Lists page for openings near Reeds Spring.
How many renters live in Reeds Spring, Missouri?
The City of Reeds Spring has 840 people living in 338 households.
There are 254 renters living in 127 renter households in this City. Renters make up 30.24 percent of the population living in Reeds Spring.
What is the rental market like in Reeds Spring, Missouri?
There are an estimated 377 housing units in the Reeds Spring area. Of these, 127 units are rental homes, making up 34 percent of the housing market. For every renter household in Reeds Spring, Missouri, there are 1 rental units.
What is the vacancy rate for rentals in Reeds Spring?
The rental vacancy rate in Reeds Spring is 0 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 Reeds Spring for each bedroom size?
Occupied Rental Units by Size in Reeds Spring
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 8 | 22 | 57 | 34 | 0 |
Occupied Rental Units by Size in Reeds Spring
A large number of apartments in Reeds Spring 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 Reeds Spring are overburdened by housing costs?
Among renter households in this market, 27 percent have housing cost burden. Further, 13 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 Reeds Spring
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,376. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $613 |
| One BR | $617 |
| Two BR | $811 |
| Three BR | $1,143 |
| Four BR | $1,376 |
2024 Fair Market Rents in Reeds Spring, Missouri
How many units are rented at Fair Market Rent (FMR) in Reeds Spring?
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 | 4 | 50 percent |
| One BR | 12 | 55 percent |
| Two BR | 34 | 60 percent |
Rental Units Below FMR in Reeds Spring, Missouri
How many affordable rental units are in Reeds Spring?
Income Based Apartments in Reeds Spring, Missouri
Reeds Spring features 0 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 Reeds Spring, Missouri
There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Reeds Spring.
Housing Choice Vouchers in Reeds Spring, Missouri
On average, Section 8 Housing Choice vouchers pay Reeds Spring landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Reeds Spring.
The maximum amount a voucher would pay on behalf of a low-income tenant in Reeds Spring, Missouri for a two-bedroom apartment is between $730 and $892.
Sourced from federal housing data and AffordableHousingOnline.com research.
