Low Income Apartments and Affordable Housing For Rent in Branson, MO (2024)

What HUD offices serve Branson, Missouri?

Public Housing Agencies operate federally assisted affordable housing programs atlocal levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within theirjurisdiction.

Go to theMissouriPublic Housing and Low-Income Apartments Waiting Lists page for openings near Branson.

How many renters live in Branson, Missouri?

The City of Branson has 12,651people living in 5,593 households.

There are 6,813 renters living in3,072 renter households in thisCity. Renters make up 53.85percent of the population living in Branson.

What is the rental market like in Branson, Missouri?

There are an estimated 8,779 housing units in theBranson area. Of these, 3,143 units are rentalhomes, making up 36 percent of the housing market. Forevery renter household in Branson, Missouri, there are1 rental units.

What is the vacancy rate for rentals in Branson?

The rental vacancy rate in Branson is 2 percent.This is alower than averagevacancy rate.When rental vacancy rates are low there are fewer available units. Rents tend to be higher as morepeoplecompete for scarce housing.

How many rental units are in Branson for each bedroom size?

A large number of apartments in Branson have two or fewer bedrooms. Seniors and youngprofessionalsespecially may have more success finding an apartment that meets their needs.

How many renter households in Branson are overburdened by housing costs?

Among renter households in this market, 44percent havehousing cost burden. Further, 28percent of households are extremely rent overburdened. When renters pay too much for their housing, itleaveslittle money for other necessities like food, clothes, or medicine.

The federal government says that renters arecost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Branson

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - rangesfrom $723 to $1,622. FMRs areupdated annually by HUD for every city and county nationwide.

How many units are rented at Fair Market Rent (FMR) in Branson?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s FairMarket Rent. Markets with a large share of units above FMR tend to have longer search times to find aqualified unit, while those with a large share of units below FMR tend to have more choices and shortersearch times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

How many affordable rental units are in Branson?

There are a variety of federal affordable housing programs serving households inBranson, Missouri including the following:

Income Based Apartments in Branson, Missouri

Branson features 179 income based apartments.Tenants of income based apartments typically pay no more than 30% of their income towards rent andutilities.

Low Rent Apartments in Branson, Missouri

There are 185 rent subsidized apartments that do notprovide direct rental assistance but remain affordable to low income households in Branson.

Housing Choice Vouchers in Branson, Missouri

On average, Section 8 Housing Choice vouchers pay Branson landlords$400 per month towards rent. The average voucher holdercontributes $300 towards rent inBranson.

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

Sourced from federal housing data and AffordableHousingOnline.comresearch.