Low Income Apartments and Affordable Housing For Rent in Hernando, MS

Discover affordable housing in Hernando where there are 5+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Hill Manor Apartments

411 Hill St, Hernando, Mississippi 38632

Coleman Crawford Estates

2780 College St, Hernando, Mississippi 38632

Parkway Apts Ltd C/O Bridgforth Rlty

428 Riley Street, Hernando, Mississippi

No Ms Elderly Housing Hill Manor Apartments CO Palladium Prop

70 Hill Rd, Hernando, Mississippi 38632

Avondale Apartments

985 Hill St, Hernando, Mississippi 38632

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Hernando, Mississippi
$24.58/hour
$17.33 (+239%) more than Mississippi minimum wage and $17.33 (+239%) more than the Federal minimum wage.
Learn More About Hernando, Mississippi Affordable Housing ↓

What HUD offices serve Hernando, Mississippi?

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.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Hernando, Mississippi.

Go to the Mississippi Public Housing and Low-Income Apartments Waiting Lists page for openings near Hernando.

How many renters live in Hernando, Mississippi?

The City of Hernando has 17,262 people living in 6,715 households.

There are 2,728 renters living in 1,339 renter households in this City. Renters make up 15.8 percent of the population living in Hernando.

What is the rental market like in Hernando, Mississippi?

There are an estimated 7,024 housing units in the Hernando area. Of these, 1,451 units are rental homes, making up 21 percent of the housing market. For every renter household in Hernando, Mississippi, there are 1 rental units.

What is the vacancy rate for rentals in Hernando?

The rental vacancy rate in Hernando is 6 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 Hernando for each bedroom size?

Occupied Rental Units by Size in Hernando
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
195 190 543 216 173
Occupied Rental Units by Size in Hernando

A large number of apartments in Hernando 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 Hernando are overburdened by housing costs?

Among renter households in this market, 54 percent have housing cost burden. Further, 14 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 Hernando

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,031 to $1,995. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,031
One BR $1,146
Two BR $1,298
Three BR $1,711
Four BR $1,995
2024 Fair Market Rents in Hernando, Mississippi

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

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 22 11 percent
One BR 165 87 percent
Two BR 443 82 percent
Rental Units Below FMR in Hernando, Mississippi

How many affordable rental units are in Hernando?

There are a variety of federal affordable housing programs serving households in Hernando, Mississippi including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 46
Section 8 Project-Based Rental Assistance 94
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Hernando, Mississippi

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Hernando, Mississippi

Hernando features 94 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 Hernando, Mississippi

There are 114 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hernando.

Housing Choice Vouchers in Hernando, Mississippi

On average, Section 8 Housing Choice vouchers pay Hernando landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Hernando.

The maximum amount a voucher would pay on behalf of a low-income tenant in Hernando, Mississippi for a two-bedroom apartment is between $1,168 and $1,428.

Sourced from federal housing data and AffordableHousingOnline.com research.