What HUD offices serve Leakesville, 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.
Go to the Mississippi Public Housing and Low-Income Apartments Waiting Lists page for openings near Leakesville.
How many renters live in Leakesville, Mississippi?
The City of Leakesville has 5,463 people living in 584 households.
There are 721 renters living in 280 renter households in this City. Renters make up 13.2 percent of the population living in Leakesville.
What is the rental market like in Leakesville, Mississippi?
There are an estimated 671 housing units in the Leakesville area. Of these, 314 units are rental homes, making up 47 percent of the housing market. For every renter household in Leakesville, Mississippi, there are 1 rental units.
What is the vacancy rate for rentals in Leakesville?
The rental vacancy rate in Leakesville 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 Leakesville for each bedroom size?
Occupied Rental Units by Size in Leakesville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 4 | 25 | 92 | 128 | 0 |
Occupied Rental Units by Size in Leakesville
A large number of apartments in Leakesville 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 Leakesville are overburdened by housing costs?
Among renter households in this market, 23 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 Leakesville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $700 to $1,219. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $700 |
| One BR | $704 |
| Two BR | $903 |
| Three BR | $1,092 |
| Four BR | $1,219 |
2024 Fair Market Rents in Leakesville, Mississippi
How many units are rented at Fair Market Rent (FMR) in Leakesville?
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 | 3 | 75 percent |
| One BR | 22 | 88 percent |
| Two BR | 78 | 85 percent |
Rental Units Below FMR in Leakesville, Mississippi
How many affordable rental units are in Leakesville?
There are a variety of federal affordable housing programs serving households in Leakesville, Mississippi including the following:
| Federal Program | Unit Count |
| Public Housing | 25 |
| Section 8 Project-Based Rental Assistance | 30 |
| USDA Section 515 Rural Rental Housing | 30 |
Tracked Units by Federal Program in Leakesville, Mississippi
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Leakesville, Mississippi
Leakesville features 85 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 Leakesville, Mississippi
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Leakesville.
Housing Choice Vouchers in Leakesville, Mississippi
On average, Section 8 Housing Choice vouchers pay Leakesville landlords $600 per month towards rent. The average voucher holder contributes $200 towards rent in Leakesville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Leakesville, Mississippi for a two-bedroom apartment is between $813 and $993.
Sourced from federal housing data and AffordableHousingOnline.com research.
