How many renters live in Coahoma County, Mississippi?
The County of Coahoma County has 21,264 people living in 8,387 households.
There are 9,770 renters living in 3,908 renter households in this County. Renters make up 45.95 percent of the population living in Coahoma County.
What is the rental market like in Coahoma County, Mississippi?
There are an estimated 10,200 housing units in the Coahoma County area. Of these, 4,415 units are rental homes, making up 43 percent of the housing market. For every renter household in Coahoma County, Mississippi, there are 1 rental units.
What is the vacancy rate for rentals in Coahoma County?
The rental vacancy rate in Coahoma County is 11 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Coahoma County for each bedroom size?
Occupied Rental Units by Size in Coahoma County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 429 | 271 | 1,142 | 1,518 | 528 |
Occupied Rental Units by Size in Coahoma County
A large number of apartments in Coahoma County 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 Coahoma County are overburdened by housing costs?
Among renter households in this market, 43 percent have housing cost burden. Further, 23 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 Coahoma County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $752 to $1,371. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $752 |
| One BR | $804 |
| Two BR | $903 |
| Three BR | $1,255 |
| Four BR | $1,371 |
2024 Fair Market Rents in Coahoma County, Mississippi
How many units are rented at Fair Market Rent (FMR) in Coahoma County?
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 | 382 | 89 percent |
| One BR | 233 | 86 percent |
| Two BR | 951 | 83 percent |
Rental Units Below FMR in Coahoma County, Mississippi
How many affordable rental units are in Coahoma County?
There are a variety of federal affordable housing programs serving households in Coahoma County, Mississippi including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 471 |
| Public Housing | 296 |
| Section 8 Project-Based Rental Assistance | 889 |
| Section 202 Supportive Housing for the Elderly | 1 |
| USDA Section 515 Rural Rental Housing | 208 |
Tracked Units by Federal Program in Coahoma County, Mississippi
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Coahoma County, Mississippi
Coahoma County features 1,284 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 Coahoma County, Mississippi
There are 270 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Coahoma County.
Housing Choice Vouchers in Coahoma County, Mississippi
On average, Section 8 Housing Choice vouchers pay Coahoma County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Coahoma County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Coahoma County, Mississippi for a two-bedroom apartment is between $813 and $993.
Sourced from federal housing data and AffordableHousingOnline.com research.
