Central Missouri Community Action
Detailed Findings HOUSING
Fair market rent varies by county and by bedroom size, with a two-bedroom apartment in Boone County having a fair market rent of $961/month.³⁰ Fair market rent does not include utilities, although these housing expenses are included in calculations of a household’s housing cost burden. In the state of Missouri, the average electric utility costs alone are $119/month.³¹
There is a significant need for additional housing for all income levels across CMCA’s service area, and the number of new units cannot keep pace with the demand. From 2013 to 2021, new building permits were authorized to build 13,045 new units.³² However, over the same time period, there was an increase of 5,958 households within the service area²⁸, exacerbating the housing crisis. There is a significant need for affordable housing, as suggested by the high percentages of households who are cost-burdened.
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