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There are 12 low-income apartments in Mississippi County that offer reduced rents to eligible households.
Rental assistance programs support 571 low-income homes in Mississippi County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $197 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 Mississippi 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 |
|---|---|
| St. Francois County Public Housing Agency | Section 8 Housing Choice Voucher (HCV) |
Mississippi County, Missouri Affordable Housing Data
Income Based Apartments in Mississippi County, Missouri
Mississippi County features 571 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 Mississippi County, Missouri
There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mississippi County.
Housing Choice Vouchers in Mississippi County, Missouri
On average, Section 8 Housing Choice vouchers pay Mississippi County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Mississippi County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Mississippi County, Missouri for a two-bedroom apartment is between $717 and $877.
2024 Mississippi 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 | |
|---|---|---|---|---|---|
| Mississippi County, Missouri Fair Market Rent | $601 | $607 | $797 | $1,079 | $1,353 |
| Mississippi County, Missouri Payment Standard Range | $541 to $661 | $546 to $668 | $717 to $877 | $971 to $1,187 | $1,218 to $1,488 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Mississippi County, MO Affordable Housing Snapshot
| Total Affordable Apartment Properties | 12 |
|---|---|
| Total Low Income Apartments | 584 |
| Total Housing Units with Rental Assistance | 571 |
| Percentage of Housing Units Occupied By Renters | 40.17% |
| Average Renter Household Size | 2.36 |
| Average Household Size | 2.41 |
| Median Household Income | $28,347 ±$2,186 |
| Median Rent | $595 ±$77 |
| Percentage Of Renters Overburdened | 40.42% ± 7.09pp |
| Total Population | 14,208 |
Population and Household Demographics
Mississippi County is a county in Missouri with a population of 14,208. There are 5,185 households in the county with an average household size of 2.41 persons. 40.17% of households in Mississippi County are renters.
Income and Rent Overburden in Mississippi County
The median gross income for households in Mississippi County is $28,347 a year, or $2,362 a month. The median rent for the county is $595 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mississippi County, a household making less than $1,983 a month would be considered overburdened when renting an apartment at or above the median rent. 40.42% of households who rent are overburdened in Mississippi County.
Area Median Income In Mississippi 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 Mississippi County, HUD calculates the Area Median Income for a family of four as $52,300
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 Mississippi 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 Mississippi 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 Mississippi County 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 Mississippi County 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 Mississippi County 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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