Low Income Apartments For Rent in Hollister, MO

Rental assistance programs support 0 low-income homes in Hollister where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $263 towards rent each month.

Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Hollister, 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
Ozarks Area Community Action Corporation	Section 8 Housing Choice Voucher (HCV)

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

Hollister, Missouri Affordable Housing Data

Income Based Apartments in Hollister, Missouri

Hollister 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 Hollister, Missouri

There are 224 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hollister.

Housing Choice Vouchers in Hollister, Missouri

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Hollister, Missouri for a two-bedroom apartment is between $860 and $1,052.

2024 Hollister, 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
Hollister, Missouri Fair Market Rent	$723	$728	$956	$1,263	$1,622
Hollister, Missouri Payment Standard Range	$651 to $795	$655 to $801	$860 to $1,052	$1,137 to $1,389	$1,460 to $1,784

Sourced from federal housing data and AffordableHousingOnline.com research.

Hollister, MO Affordable Housing Snapshot

Total Affordable Apartment Properties 4

Total Low Income Apartments 224

Total Housing Units with Rental Assistance 0

Percentage of Housing Units Occupied By Renters 49.81%

Average Renter Household Size 2.13

Average Household Size 2.32

Median Household Income $27,178 ±$4,163

Median Rent $617 ±$33

Percentage Of Renters Overburdened 62.16% ± 22pp

Total Population 4,441

Total Affordable Apartment Properties	4
Total Low Income Apartments	224
Total Housing Units with Rental Assistance	0
Percentage of Housing Units Occupied By Renters	49.81%
Average Renter Household Size	2.13
Average Household Size	2.32
Median Household Income	$27,178 ±$4,163
Median Rent	$617 ±$33
Percentage Of Renters Overburdened	62.16% ± 22pp
Total Population	4,441

Population and Household Demographics

Hollister is a city in Taney County, Missouri with a population of 4,441. There are 1,857 households in the city with an average household size of 2.32 persons. 49.81% of households in Hollister are renters.

Income and Rent Overburden in Hollister

The median gross income for households in Hollister is $27,178 a year, or $2,265 a month. The median rent for the city is $617 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hollister, a household making less than $2,057 a month would be considered overburdened when renting an apartment at or above the median rent. 62.16% of households who rent are overburdened in Hollister.

Area Median Income In Hollister

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 Hollister, the AMI is calculated from all households within Taney County.

In Hollister, HUD calculates the Area Median Income for a family of four as $66,500

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 Hollister

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 Hollister

	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 Hollister AMI may qualify for rental assistance programs that target Extremely Low Income households.	$14,580	$19,720	$24,860	$30,000	$35,140	$38,650	$41,300	$44,000
50% AMI Income Limits Renters earning up to 50% of the Hollister AMI may qualify for rental assistance programs that target Very Low Income households.	$23,350	$26,650	$30,000	$33,300	$36,000	$38,650	$41,300	$44,000
80% AMI Income Limits Renters earning up to 80% of the Hollister AMI may qualify for rental assistance programs that target Low Income households.	$37,300	$42,600	$47,950	$53,250	$57,550	$61,800	$66,050	$70,300