Low Income Apartments and Affordable Housing For Rent in Panola County, MS

Discover affordable housing in Panola County where there are 32+ 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.

Azria Lewers & Jessie J. Lyons Manor

106 Creek Drive, Como, Mississippi 38619

Cross Creek Apartments

22700 Hwy 51 , Sardis, Mississippi 38666

Cross Creek Apartments

610 Highway 51 N, Sardis, Mississippi 38666

Crenshaw Manor Lp CO J and a Mgmt

400 Towery Rd, Crenshaw, Mississippi 38621

Sardis Apartments CO Massengill Prop

RR 2, Sardis, Mississippi 38666

Crowder Manor Lp CO J and a Mgmt

182 QUITMAN AVE, Crowder, Mississippi 38622

Skyview Apartments

201 Lester St, Batesville, Mississippi 38606

Green Hill Apartments

201 Atkins St, Sardis, Mississippi 38666

Meadowview Apartments

150 Martin Luther King Jr Dr, Batesville, Mississippi 38606

Oscar Barlow Estates

210 Jones St, Crenshaw, Mississippi 38621

Green Hill Apartments II

201 Atkins St Ofc, Sardis, Mississippi 38666

Westridge Apartments

Tubbs Rd, Batesville, Mississippi 38606

Timber Ridge Apartments

211 Tubbs Rd, Batesville, Mississippi 38606

Marie Lyles Meadows

413 Jones St, Crenshaw, Mississippi 38621

Sardis Gardens Apartments

150 E Carlee St, Sardis, Mississippi 38666

Belmont Rd Est Lp C/O J & a Mgmt

Belmont Road, Sardis, Mississippi

Como Properties Ltd Heather Est

Warren Street, Como, Mississippi

Batesville Assoc

155 Stagecoach Road, Batesville, Mississippi

Batesville Eld

111 Eureka Street, Batesville, Mississippi

Crowder Manor Lp C/O J & a Mgmt

182a Quitman Ave, Crowder, Mississippi

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Panola County, Mississippi
$17.33/hour
$10.08 (+139%) more than Mississippi minimum wage and $10.08 (+139%) more than the Federal minimum wage.
Learn More About Panola County, Mississippi Affordable Housing ↓

How many renters live in Panola County, Mississippi?

The County of Panola County has 33,157 people living in 12,392 households.

There are 8,957 renters living in 3,604 renter households in this County. Renters make up 27.01 percent of the population living in Panola County.

What is the rental market like in Panola County, Mississippi?

There are an estimated 14,647 housing units in the Panola County area. Of these, 3,875 units are rental homes, making up 26 percent of the housing market. For every renter household in Panola County, Mississippi, there are 1 rental units.

What is the vacancy rate for rentals in Panola County?

The rental vacancy rate in Panola County 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 Panola County for each bedroom size?

Occupied Rental Units by Size in Panola County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
180 483 1,160 1,455 287
Occupied Rental Units by Size in Panola County

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

Among renter households in this market, 42 percent have housing cost burden. Further, 18 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 Panola County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $620 to $1,553. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $620
One BR $752
Two BR $915
Three BR $1,198
Four BR $1,553
2024 Fair Market Rents in Panola County, Mississippi

How many units are rented at Fair Market Rent (FMR) in Panola 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 169 94 percent
One BR 361 75 percent
Two BR 599 52 percent
Rental Units Below FMR in Panola County, Mississippi

How many affordable rental units are in Panola County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 356
Public Housing 82
Section 8 Project-Based Rental Assistance 111
Section 202 Supportive Housing for the Elderly 28
USDA Section 515 Rural Rental Housing 292
Tracked Units by Federal Program in Panola County, Mississippi

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

Income Based Apartments in Panola County, Mississippi

Panola County features 661 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 Panola County, Mississippi

There are 268 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Panola County.

Housing Choice Vouchers in Panola County, Mississippi

On average, Section 8 Housing Choice vouchers pay Panola County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Panola County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Panola County, Mississippi for a two-bedroom apartment is between $824 and $1,007.

Sourced from federal housing data and AffordableHousingOnline.com research.