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

Discover affordable housing in Coahoma where there are 4+ 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.

Henry Martin Gardens

112 Friars Point Hwy. 61, Coahoma, Mississippi 38617

HENRY-MARTIN GARDENS

112 FRIARS POINT HWY 61 RD, Coahoma, Mississippi 38631

W J Jones Villa Lp CO United Mgmt and Dev Assoc

670 E Second St, Coahoma, Mississippi 38617

W.J. Jones Villa

617 E 2nd St, Coahoma, Mississippi 0

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

How many renters live in Coahoma, Mississippi?

The City of Coahoma has 195 people living in 89 households.

There are 97 renters living in 39 renter households in this City. Renters make up 49.74 percent of the population living in Coahoma.

What is the rental market like in Coahoma, Mississippi?

There are an estimated 121 housing units in the Coahoma area. Of these, 39 units are rental homes, making up 32 percent of the housing market. For every renter household in Coahoma, Mississippi, there are 1 rental units.

What is the vacancy rate for rentals in Coahoma?

The rental vacancy rate in Coahoma is 0 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 Coahoma for each bedroom size?

Occupied Rental Units by Size in Coahoma
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
11 7 2 11 8
Occupied Rental Units by Size in Coahoma

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

Among renter households in this market, 54 percent have housing cost burden. Further, 46 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 Coahoma

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $752 to $1,371. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $752
One BR $804
Two BR $903
Three BR $1,255
Four BR $1,371
2024 Fair Market Rents in Coahoma, Mississippi

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

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 11 100 percent
One BR 7 100 percent
Two BR 2 100 percent
Rental Units Below FMR in Coahoma, Mississippi

How many affordable rental units are in Coahoma?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 14
Tracked Units by Federal Program in Coahoma, Mississippi

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

Income Based Apartments in Coahoma, Mississippi

Coahoma features 62 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 Coahoma, Mississippi

There are 14 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Coahoma.

Housing Choice Vouchers in Coahoma, Mississippi

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.