Sherol Court Apartments
Park Terrace Apartments
Hannibal Arms Apartments
Anderson Estates Lp
Hannibal Estates
Bellefield Estates
Palmyra Rural Rental Housing Inc
Hannibal Village
Oakview Apartments
Mark Twain Hotel Apartments
There are 249 low-income apartments in Marion County that offer reduced rents to eligible households. Low-income rents in Marion County, Missouri can range from $499 to $549 depending on the number of bedrooms.
Rental assistance programs support 848 low-income homes in Marion County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $225 towards rent each month.
Affordable rent data for some communities last confirmed on June 24th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Marion County, 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 |
|---|---|
| Lincoln County Public Housing Agency | Section 8 Housing Choice Voucher (HCV) |
Marion County, Missouri Affordable Housing Data
Income Based Apartments in Marion County, Missouri
Marion County features 848 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 Marion County, Missouri
There are 249 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marion County.
Housing Choice Vouchers in Marion County, Missouri
On average, Section 8 Housing Choice vouchers pay Marion County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Marion County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Marion County, Missouri for a two-bedroom apartment is between $745 and $911.
2024 Marion County, 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 | |
|---|---|---|---|---|---|
| Marion County, Missouri Fair Market Rent | $622 | $669 | $828 | $1,167 | $1,208 |
| Marion County, Missouri Payment Standard Range | $560 to $684 | $602 to $736 | $745 to $911 | $1,050 to $1,284 | $1,087 to $1,329 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Marion County, MO Affordable Housing Snapshot
| Total Affordable Apartment Properties | 24 |
|---|---|
| Total Low Income Apartments | 1,098 |
| Total Housing Units with Rental Assistance | 848 |
| Percentage of Housing Units Occupied By Renters | 35.14% |
| Average Renter Household Size | 2.32 |
| Average Household Size | 2.43 |
| Median Household Income | $40,814 ±$1,474 |
| Median Rent | $606 ±$25 |
| Percentage Of Renters Overburdened | 37.26% ± 4.67pp |
| Total Population | 28,840 |
Population and Household Demographics
Marion County is a county in Missouri with a population of 28,840. There are 11,213 households in the county with an average household size of 2.43 persons. 35.14% of households in Marion County are renters.
Income and Rent Overburden in Marion County
The median gross income for households in Marion County is $40,814 a year, or $3,401 a month. The median rent for the county is $606 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Marion County, a household making less than $2,020 a month would be considered overburdened when renting an apartment at or above the median rent. 37.26% of households who rent are overburdened in Marion County.
Area Median Income In Marion County
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.
In Marion County, HUD calculates the Area Median Income for a family of four as $77,000
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 Marion County
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 Marion County
| 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 Marion County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$15,300 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $45,100 | $48,000 |
| 50% AMI Income Limits Renters earning up to 50% of the Marion County AMI may qualify for rental assistance programs that target Very Low Income households. |
$25,450 | $29,100 | $32,750 | $36,350 | $39,300 | $42,200 | $45,100 | $48,000 |
| 80% AMI Income Limits Renters earning up to 80% of the Marion County AMI may qualify for rental assistance programs that target Low Income households. |
$40,700 | $46,500 | $52,300 | $58,100 | $62,750 | $67,400 | $72,050 | $76,700 |
© 2002-2024 ApartmentSmart.com, Inc.
Affordable Housing Online is not affiliated with any housing authority or apartment community, and does not manage any affordable housing programs.