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There are 0 low-income apartments in Lanagan that offer reduced rents to eligible households.
Rental assistance programs support 24 low-income homes in Lanagan where households pay rent based on how much they earn.
Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.
Lanagan, Missouri Affordable Housing Data
Income Based Apartments in Lanagan, Missouri
Lanagan features 24 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 Lanagan, Missouri
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lanagan.
Housing Choice Vouchers in Lanagan, Missouri
On average, Section 8 Housing Choice vouchers pay Lanagan landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lanagan.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lanagan, Missouri for a two-bedroom apartment is between $717 and $877.
2024 Lanagan, 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 | |
|---|---|---|---|---|---|
| Lanagan, Missouri Fair Market Rent | $631 | $635 | $797 | $1,051 | $1,353 |
| Lanagan, Missouri Payment Standard Range | $568 to $694 | $572 to $699 | $717 to $877 | $946 to $1,156 | $1,218 to $1,488 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Lanagan, MO Affordable Housing Snapshot
| Total Affordable Apartment Properties | 1 |
|---|---|
| Total Low Income Apartments | 24 |
| Total Housing Units with Rental Assistance | 24 |
| Percentage of Housing Units Occupied By Renters | 59.38% |
| Average Renter Household Size | 2.66 |
| Average Household Size | 2.68 |
| Median Household Income | $26,875 ±$11,849 |
| Median Rent | $541 ±$48 |
| Percentage Of Renters Overburdened | 36.84% ± 21.15pp |
| Total Population | 428 |
Population and Household Demographics
Lanagan is a city in McDonald County, Missouri with a population of 428. There are 160 households in the city with an average household size of 2.68 persons. 59.38% of households in Lanagan are renters.
Income and Rent Overburden in Lanagan
The median gross income for households in Lanagan is $26,875 a year, or $2,240 a month. The median rent for the city is $541 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lanagan, a household making less than $1,803 a month would be considered overburdened when renting an apartment at or above the median rent. 36.84% of households who rent are overburdened in Lanagan.
Area Median Income In Lanagan
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 Lanagan, the AMI is calculated from all households within McDonald County.
In Lanagan, HUD calculates the Area Median Income for a family of four as $53,100
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 Lanagan
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 Lanagan
| 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 Lanagan 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 Lanagan 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 Lanagan 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 |
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