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

Discover affordable housing in Ripley where there are 10+ 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.

Oakhaven Apartments

1120 N Commerce St, Ripley, Mississippi 38663

Ripley Apartments

203 Elmwood St, Ripley, Mississippi 38663

Ripley Townhouses

316 Market Street Ext, Ripley, Mississippi 38663

Timber Hills Ind. Living Complex of Tippah County

2820 County Road 564, Ripley, Mississippi 38663

Ripley Apartments Ltd CO Massengill Prop Inc

209 Elmwood St, Ripley, Mississippi 38663

Pine Valley Apartments

300 Martindale Ln, Ripley, Mississippi 38663

Ripley Manor

226 Market St, Ripley, Mississippi 38663

Tippah County Elder

Martindale Lane, Ripley, Mississippi

Meadowview Sub ; Apartments Eastgate Ridgeland T

309 Tillery St, Ripley, Mississippi 38663

Ripley Housing Lp

130 Roberson Rd, Ripley, Mississippi 38663

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Ripley, Mississippi
$17.10/hour
$9.85 (+136%) more than Mississippi minimum wage and $9.85 (+136%) more than the Federal minimum wage.
Learn More About Ripley, Mississippi Affordable Housing ↓

What HUD offices serve Ripley, 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), Public Housing programs for Ripley, Mississippi.

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

How many renters live in Ripley, Mississippi?

The City of Ripley has 5,440 people living in 2,058 households.

There are 1,816 renters living in 644 renter households in this City. Renters make up 33.38 percent of the population living in Ripley.

What is the rental market like in Ripley, Mississippi?

There are an estimated 2,440 housing units in the Ripley area. Of these, 673 units are rental homes, making up 28 percent of the housing market. For every renter household in Ripley, Mississippi, there are 1 rental units.

What is the vacancy rate for rentals in Ripley?

The rental vacancy rate in Ripley is 4 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 Ripley for each bedroom size?

Occupied Rental Units by Size in Ripley
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
52 30 199 335 0
Occupied Rental Units by Size in Ripley

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

Among renter households in this market, 36 percent have housing cost burden. Further, 17 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 Ripley

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $738 to $1,203. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $738
One BR $742
Two BR $903
Three BR $1,202
Four BR $1,203
2024 Fair Market Rents in Ripley, Mississippi

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

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 51 98 percent
One BR 27 90 percent
Two BR 135 68 percent
Rental Units Below FMR in Ripley, Mississippi

How many affordable rental units are in Ripley?

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

Federal Program Unit Count
Low Income Housing Tax Credit 93
Section 8 Project-Based Rental Assistance 97
USDA Section 515 Rural Rental Housing 139
Tracked Units by Federal Program in Ripley, Mississippi

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

Income Based Apartments in Ripley, Mississippi

Ripley features 278 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 Ripley, Mississippi

There are 68 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ripley.

Housing Choice Vouchers in Ripley, Mississippi

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Ripley, Mississippi for a two-bedroom apartment is between $813 and $993.

Sourced from federal housing data and AffordableHousingOnline.com research.