Low Income Apartments and Affordable Housing For Rent in Silver City, MS

Discover affordable housing in Silver City where there are 2+ 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.

Silver City Elderly

RR 1 Box 9, Silver City, Mississippi 39166

Silver City Manor

RT 1 BOX 9, Silver City, Mississippi 39166

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Silver City, 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 Silver City, Mississippi Affordable Housing ↓

How many renters live in Silver City, Mississippi?

The City of Silver City has 201 people living in 94 households.

There are 76 renters living in 47 renter households in this City. Renters make up 37.81 percent of the population living in Silver City.

What is the rental market like in Silver City, Mississippi?

There are an estimated 122 housing units in the Silver City area. Of these, 51 units are rental homes, making up 42 percent of the housing market. For every renter household in Silver City, Mississippi, there are 1 rental units.

What is the vacancy rate for rentals in Silver City?

The rental vacancy rate in Silver City is 8 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 Silver City for each bedroom size?

Occupied Rental Units by Size in Silver City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
6 16 11 14 0
Occupied Rental Units by Size in Silver City

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

Among renter households in this market, 49 percent have housing cost burden. Further, 2 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 Silver City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $775 to $1,203. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $775
One BR $804
Two BR $903
Three BR $1,198
Four BR $1,203
2024 Fair Market Rents in Silver City, Mississippi

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

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 6 100 percent
One BR 16 100 percent
Two BR 11 100 percent
Rental Units Below FMR in Silver City, Mississippi

How many affordable rental units are in Silver City?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 25
Tracked Units by Federal Program in Silver City, Mississippi

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

Income Based Apartments in Silver City, Mississippi

Silver City features 50 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 Silver City, Mississippi

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Silver City.

Housing Choice Vouchers in Silver City, Mississippi

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.