Labonne Villa Apartments
Bonne Terre Senior Apartments
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There are 0 low-income apartments in Bonne Terre that offer reduced rents to eligible households.
Rental assistance programs support 103 low-income homes in Bonne Terre where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $264 towards rent each month.
Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Bonne Terre, 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.
| Housing Authority | Programs |
|---|---|
| St. Francois County Public Housing Agency | Section 8 Housing Choice Voucher (HCV) |
Bonne Terre, Missouri Affordable Housing Data
Income Based Apartments in Bonne Terre, Missouri
Bonne Terre features 103 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 Bonne Terre, Missouri
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bonne Terre.
Housing Choice Vouchers in Bonne Terre, Missouri
On average, Section 8 Housing Choice vouchers pay Bonne Terre landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Bonne Terre.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bonne Terre, Missouri for a two-bedroom apartment is between $737 and $901.
2024 Bonne Terre, 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 | |
|---|---|---|---|---|---|
| Bonne Terre, Missouri Fair Market Rent | $617 | $623 | $819 | $1,117 | $1,122 |
| Bonne Terre, Missouri Payment Standard Range | $555 to $679 | $561 to $685 | $737 to $901 | $1,005 to $1,229 | $1,010 to $1,234 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Bonne Terre, MO Affordable Housing Snapshot
| Total Affordable Apartment Properties | 4 |
|---|---|
| Total Low Income Apartments | 105 |
| Total Housing Units with Rental Assistance | 103 |
| Percentage of Housing Units Occupied By Renters | 51.62% |
| Average Renter Household Size | 2.03 |
| Average Household Size | 2.37 |
| Median Household Income | $37,614 ±$5,896 |
| Median Rent | $498 ±$167 |
| Percentage Of Renters Overburdened | 20.52% ± 10.97pp |
| Total Population | 7,064 |
Population and Household Demographics
Bonne Terre is a city in St Francois County, Missouri with a population of 7,064. There are 1,331 households in the city with an average household size of 2.37 persons. 51.62% of households in Bonne Terre are renters.
Income and Rent Overburden in Bonne Terre
The median gross income for households in Bonne Terre is $37,614 a year, or $3,135 a month. The median rent for the city is $498 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bonne Terre, a household making less than $1,660 a month would be considered overburdened when renting an apartment at or above the median rent. 20.52% of households who rent are overburdened in Bonne Terre.
Area Median Income In Bonne Terre
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 Bonne Terre, the AMI is calculated from all households within St Francois County.
In Bonne Terre, HUD calculates the Area Median Income for a family of four as $78,700
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 Bonne Terre
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 Bonne Terre
| 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 Bonne Terre AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$14,580 | $19,720 | $24,860 | $30,000 | $35,140 | $39,000 | $41,700 | $44,400 |
| 50% AMI Income Limits Renters earning up to 50% of the Bonne Terre AMI may qualify for rental assistance programs that target Very Low Income households. |
$23,550 | $26,900 | $30,250 | $33,600 | $36,300 | $39,000 | $41,700 | $44,400 |
| 80% AMI Income Limits Renters earning up to 80% of the Bonne Terre AMI may qualify for rental assistance programs that target Low Income households. |
$37,650 | $43,000 | $48,400 | $53,750 | $58,050 | $62,350 | $66,650 | $70,950 |
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