How many renters live in Moorhead, Mississippi?
The City of Moorhead has 1,512 people living in 486 households.
There are 614 renters living in 215 renter households in this City. Renters make up 40.61 percent of the population living in Moorhead.
What is the rental market like in Moorhead, Mississippi?
There are an estimated 667 housing units in the Moorhead area. Of these, 230 units are rental homes, making up 34 percent of the housing market. For every renter household in Moorhead, Mississippi, there are 1 rental units.
What is the vacancy rate for rentals in Moorhead?
The rental vacancy rate in Moorhead is 7 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 Moorhead for each bedroom size?
Occupied Rental Units by Size in Moorhead
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 11 | 31 | 83 | 83 | 7 |
Occupied Rental Units by Size in Moorhead
A large number of apartments in Moorhead 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 Moorhead are overburdened by housing costs?
Among renter households in this market, 32 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 Moorhead
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $612 to $1,354. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $612 |
| One BR | $687 |
| Two BR | $903 |
| Three BR | $1,160 |
| Four BR | $1,354 |
2024 Fair Market Rents in Moorhead, Mississippi
How many units are rented at Fair Market Rent (FMR) in Moorhead?
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 | 11 | 100 percent |
| One BR | 21 | 68 percent |
| Two BR | 40 | 48 percent |
Rental Units Below FMR in Moorhead, Mississippi
How many affordable rental units are in Moorhead?
There are a variety of federal affordable housing programs serving households in Moorhead, Mississippi including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 29 |
| Section 8 Project-Based Rental Assistance | 62 |
| USDA Section 515 Rural Rental Housing | 44 |
Tracked Units by Federal Program in Moorhead, Mississippi
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Moorhead, Mississippi
Moorhead features 106 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 Moorhead, Mississippi
There are 98 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Moorhead.
Housing Choice Vouchers in Moorhead, Mississippi
On average, Section 8 Housing Choice vouchers pay Moorhead landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Moorhead.
The maximum amount a voucher would pay on behalf of a low-income tenant in Moorhead, Mississippi for a two-bedroom apartment is between $813 and $993.
Sourced from federal housing data and AffordableHousingOnline.com research.
