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

Discover affordable housing in Ackerman where there are 3+ 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.

Oakwood Apartments

164 W Cherry St, Ackerman, Mississippi 39735

Choctaw Plaza Apartments

56 Gaston St, Ackerman, Mississippi 39735

Pine Grove Apartments ( Ackerman Uenda )

600 College St, Ackerman, Mississippi 39735

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

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

What HUD offices serve Ackerman, 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 Ackerman, Mississippi.

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

How many renters live in Ackerman, Mississippi?

The City of Ackerman has 1,793 people living in 697 households.

There are 666 renters living in 328 renter households in this City. Renters make up 37.14 percent of the population living in Ackerman.

What is the rental market like in Ackerman, Mississippi?

There are an estimated 784 housing units in the Ackerman area. Of these, 362 units are rental homes, making up 46 percent of the housing market. For every renter household in Ackerman, Mississippi, there are 1 rental units.

What is the vacancy rate for rentals in Ackerman?

The rental vacancy rate in Ackerman 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 Ackerman for each bedroom size?

Occupied Rental Units by Size in Ackerman
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 42 121 156 9
Occupied Rental Units by Size in Ackerman

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

Among renter households in this market, 38 percent have housing cost burden. Further, 12 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 Ackerman

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $683 to $1,219. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $683
One BR $687
Two BR $903
Three BR $1,148
Four BR $1,219
2024 Fair Market Rents in Ackerman, Mississippi

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

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 38 90 percent
Two BR 108 89 percent
Rental Units Below FMR in Ackerman, Mississippi

How many affordable rental units are in Ackerman?

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

Federal Program Unit Count
Low Income Housing Tax Credit 66
Public Housing 31
USDA Section 515 Rural Rental Housing 92
Tracked Units by Federal Program in Ackerman, Mississippi

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

Income Based Apartments in Ackerman, Mississippi

Ackerman features 68 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 Ackerman, Mississippi

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ackerman.

Housing Choice Vouchers in Ackerman, Mississippi

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.