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

Discover affordable housing in Duncan where there are 1+ 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.

Duncan Apartments Homes

3rd At 4th St, Duncan, Mississippi 38740

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

How many renters live in Duncan, Mississippi?

The City of Duncan has 352 people living in 121 households.

There are 40 renters living in 12 renter households in this City. Renters make up 11.36 percent of the population living in Duncan.

What is the rental market like in Duncan, Mississippi?

There are an estimated 163 housing units in the Duncan area. Of these, 12 units are rental homes, making up 7 percent of the housing market. For every renter household in Duncan, Mississippi, there are 1 rental units.

What is the vacancy rate for rentals in Duncan?

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

Occupied Rental Units by Size in Duncan
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 0 6 4 2
Occupied Rental Units by Size in Duncan

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

Among renter households in this market, 0 percent have housing cost burden. Further, 0 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 Duncan

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $683 to $1,203. 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 $1,120
Four BR $1,203
2024 Fair Market Rents in Duncan, Mississippi

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

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
Two BR 0 100 percent
Rental Units Below FMR in Duncan, Mississippi

How many affordable rental units are in Duncan?

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

Federal Program Unit Count
Low Income Housing Tax Credit 12
Section 8 Project-Based Rental Assistance 24
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Duncan, Mississippi

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

Income Based Apartments in Duncan, Mississippi

Duncan 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 Duncan, Mississippi

There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Duncan.

Housing Choice Vouchers in Duncan, Mississippi

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.