How many renters live in Charleston, Mississippi?
The City of Charleston has 2,624 people living in 838 households.
There are 1,278 renters living in 415 renter households in this City. Renters make up 48.7 percent of the population living in Charleston.
What is the rental market like in Charleston, Mississippi?
There are an estimated 980 housing units in the Charleston area. Of these, 438 units are rental homes, making up 45 percent of the housing market. For every renter household in Charleston, Mississippi, there are 1 rental units.
What is the vacancy rate for rentals in Charleston?
The rental vacancy rate in Charleston is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Charleston for each bedroom size?
Occupied Rental Units by Size in Charleston
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 15 | 16 | 200 | 132 | 52 |
Occupied Rental Units by Size in Charleston
A large number of apartments in Charleston have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Charleston are overburdened by housing costs?
Among renter households in this market, 19 percent have housing cost burden. Further, 6 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Charleston
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $775 to $1,532. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $775 |
| One BR | $804 |
| Two BR | $903 |
| Three BR | $1,200 |
| Four BR | $1,532 |
2024 Fair Market Rents in Charleston, Mississippi
How many units are rented at Fair Market Rent (FMR) in Charleston?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search 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:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 15 | 100 percent |
| One BR | 16 | 100 percent |
| Two BR | 178 | 89 percent |
Rental Units Below FMR in Charleston, Mississippi
How many affordable rental units are in Charleston?
There are a variety of federal affordable housing programs serving households in Charleston, Mississippi including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 43 |
| Section 202 Supportive Housing for the Elderly | 30 |
| USDA Section 515 Rural Rental Housing | 32 |
Tracked Units by Federal Program in Charleston, Mississippi
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Charleston, Mississippi
Charleston features 126 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 Charleston, Mississippi
There are 42 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Charleston.
Housing Choice Vouchers in Charleston, Mississippi
On average, Section 8 Housing Choice vouchers pay Charleston landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Charleston.
The maximum amount a voucher would pay on behalf of a low-income tenant in Charleston, Mississippi for a two-bedroom apartment is between $813 and $993.
Sourced from federal housing data and AffordableHousingOnline.com research.
