What HUD offices serve Walnut Grove, 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 Walnut Grove.
How many renters live in Walnut Grove, Mississippi?
The City of Walnut Grove has 721 people living in 247 households.
There are 530 renters living in 176 renter households in this City. Renters make up 73.51 percent of the population living in Walnut Grove.
What is the rental market like in Walnut Grove, Mississippi?
There are an estimated 285 housing units in the Walnut Grove area. Of these, 194 units are rental homes, making up 68 percent of the housing market. For every renter household in Walnut Grove, Mississippi, there are 1 rental units.
What is the vacancy rate for rentals in Walnut Grove?
The rental vacancy rate in Walnut Grove is 9 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 Walnut Grove for each bedroom size?
Occupied Rental Units by Size in Walnut Grove
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 17 | 62 | 89 | 8 |
Occupied Rental Units by Size in Walnut Grove
A large number of apartments in Walnut Grove 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 Walnut Grove are overburdened by housing costs?
Among renter households in this market, 38 percent have housing cost burden. Further, 4 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 Walnut Grove
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $713 to $1,284. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $713 |
| One BR | $718 |
| Two BR | $935 |
| Three BR | $1,131 |
| Four BR | $1,284 |
2024 Fair Market Rents in Walnut Grove, Mississippi
How many units are rented at Fair Market Rent (FMR) in Walnut Grove?
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 | 11 | 65 percent |
| Two BR | 50 | 81 percent |
Rental Units Below FMR in Walnut Grove, Mississippi
How many affordable rental units are in Walnut Grove?
There are a variety of federal affordable housing programs serving households in Walnut Grove, Mississippi including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 44 |
| Public Housing | 19 |
| USDA Section 515 Rural Rental Housing | 44 |
Tracked Units by Federal Program in Walnut Grove, Mississippi
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Walnut Grove, Mississippi
Walnut Grove features 44 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 Walnut Grove, Mississippi
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Walnut Grove.
Housing Choice Vouchers in Walnut Grove, Mississippi
On average, Section 8 Housing Choice vouchers pay Walnut Grove landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Walnut Grove.
The maximum amount a voucher would pay on behalf of a low-income tenant in Walnut Grove, Mississippi for a two-bedroom apartment is between $842 and $1,029.
Sourced from federal housing data and AffordableHousingOnline.com research.
