. Low Income Apartments For Rent in Como, Mississippi - Affordable Housing Online

Azria Lewers & Jessie J. Lyons Manor

106 Creek Drive
Como, Mississippi
S. 202
Call For Rent
1 BR

Como Properties Ltd Heather Est

Warren Street
Como, Mississippi
Rent Assisted
S. 515 Rural

Town of Como

300 Church St
Como, Mississippi
Rent Assisted

Town of Como

100 Chunch St Exended
Como, Mississippi
Rent Assisted

Como - New Construction ( Rental )

Church St Ext
Como, Mississippi
Rent Assisted
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There are 56 low-income apartments in Como that offer reduced rents to eligible households.

Rental assistance programs support 52 low-income homes in Como where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on April 23rd, 2021. Subdsidized rents typically change once a year based on federal guidance.

Como, Mississippi Affordable Housing Data

Income Based Apartments in Como, Mississippi

Como features 52 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 Como, Mississippi

There are 56 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Como.

Housing Choice Vouchers in Como, Mississippi

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Como, Mississippi for a two-bedroom apartment is between $709 and $867.

2023 Como, Mississippi Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Como, Mississippi Fair Market Rent $625 $629 $788 $1,038 $1,342
Como, Mississippi Payment Standard Range $563 to $688 $566 to $692 $709 to $867 $934 to $1,142 $1,208 to $1,476

Sourced from federal housing data and AffordableHousingOnline.com research.

Como, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 108
Total Housing Units with Rental Assistance 52
Percentage of Housing Units Occupied By Renters 52.09%
Average Renter Household Size 2.23
Average Household Size 2.49
Median Household Income $29,514 ±$6,942
Median Rent $385 ±$140
Percentage Of Renters Overburdened 31.71% ± 13.89pp
Total Population 1,374

Population and Household Demographics

Como is a city in Panola County, Mississippi with a population of 1,374. There are 551 households in the city with an average household size of 2.49 persons. 52.09% of households in Como are renters.

Income and Rent Overburden in Como

The median gross income for households in Como is $29,514 a year, or $2,460 a month. The median rent for the city is $385 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Como, a household making less than $1,283 a month would be considered overburdened when renting an apartment at or above the median rent. 31.71% of households who rent are overburdened in Como.

Area Median Income In Como

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Como, the AMI is calculated from all households within Panola County.

In Como, HUD calculates the Area Median Income for a family of four as $60,800

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Como

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Como

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Como AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $33,600 $36,100 $38,600 $41,100
50% AMI Income Limits
Renters earning up to 50% of the Como AMI may qualify for rental assistance programs that target Very Low Income households.
$21,800 $24,900 $28,000 $31,100 $33,600 $36,100 $38,600 $41,100
80% AMI Income Limits
Renters earning up to 80% of the Como AMI may qualify for rental assistance programs that target Low Income households.
$34,850 $39,800 $44,800 $49,750 $53,750 $57,750 $61,700 $65,700