What HUD offices serve Walls, 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 Walls.
How many renters live in Walls, Mississippi?
The City of Walls has 1,386 people living in 536 households.
There are 889 renters living in 334 renter households in this City. Renters make up 64.14 percent of the population living in Walls.
What is the rental market like in Walls, Mississippi?
There are an estimated 613 housing units in the Walls area. Of these, 360 units are rental homes, making up 59 percent of the housing market. For every renter household in Walls, Mississippi, there are 1 rental units.
What is the vacancy rate for rentals in Walls?
The rental vacancy rate in Walls 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 Walls for each bedroom size?
Occupied Rental Units by Size in Walls
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 77 | 79 | 169 | 9 |
Occupied Rental Units by Size in Walls
A large number of apartments in Walls 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 Walls are overburdened by housing costs?
Among renter households in this market, 70 percent have housing cost burden. Further, 31 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 Walls
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,031 to $1,995. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,031 |
| One BR | $1,146 |
| Two BR | $1,298 |
| Three BR | $1,711 |
| Four BR | $1,995 |
2024 Fair Market Rents in Walls, Mississippi
How many units are rented at Fair Market Rent (FMR) in Walls?
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 |
| One BR | 37 | 48 percent |
| Two BR | 68 | 86 percent |
Rental Units Below FMR in Walls, Mississippi
How many affordable rental units are in Walls?
There are a variety of federal affordable housing programs serving households in Walls, Mississippi including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 38 |
Tracked Units by Federal Program in Walls, Mississippi
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Walls, Mississippi
Walls features 0 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 Walls, Mississippi
There are 144 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Walls.
Housing Choice Vouchers in Walls, Mississippi
On average, Section 8 Housing Choice vouchers pay Walls landlords $1,400 per month towards rent. The average voucher holder contributes $400 towards rent in Walls.
The maximum amount a voucher would pay on behalf of a low-income tenant in Walls, Mississippi for a two-bedroom apartment is between $1,168 and $1,428.
Sourced from federal housing data and AffordableHousingOnline.com research.
