Affordable Housing In George County
7 Low Income Apartment Communities In George County
Housing Authorities that serve George County
|Mississippi Regional Housing Authority VIII||Section 8 Housing Choice Voucher (HCV); Section 8 Project-Based Voucher (PBV); Rental Assistance Demonstration (RAD)|
Guide To Affordable Housing in George County, Mississippi
There are 7 low income housing apartment communities offering 348 affordable apartments for rent in George County, Mississippi.
Income Based Apartments in George County, Mississippi
George County features 216 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 George County, Mississippi
There are 120 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in George County.
Housing Choice Vouchers in George County, Mississippi
On average, Section 8 Housing Choice vouchers pay George County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in George County.
The maximum amount a voucher would pay on behalf of a low-income tenant in George County, Mississippi for a two-bedroom apartment is between $672 and $822.
2020 George County, 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|
|Fair Market Rent||$560||$567||$747||$931||$1,200|
|Payment Standard Range||$504 to $616||$510 to $624||$672 to $822||$838 to $1,024||$1,080 to $1,320|
Sourced from federal housing data and AffordableHousingOnline.com research.
George County, MS Affordable Housing Snapshot
|Total Affordable Apartment Properties||7|
|Total Low Income Apartments||348|
|Total Housing Units with Rental Assistance||216|
|Percentage of Housing Units Occupied By Renters||14.55%|
|Average Renter Household Size||3.45|
|Average Household Size||3.02|
|Median Household Income||$44,258 ±$5,333|
|Median Rent||$742 ±$173|
|Percentage Of Renters Overburdened||36.43% ± 10.42pp|
Population and Household Demographics
George County is a county in Mississippi with a population of 23,104. There are 7,471 households in the county with an average household size of 3.02 persons. 14.55% of households in George County are renters.
Income and Rent Overburden in George County
The median gross income for households in George County is $44,258 a year, or $3,688 a month. The median rent for the county is $742 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In George County, a household making less than $2,473 a month would be considered overburdened when renting an apartment at or above the median rent. 36.43% of households who rent are overburdened in George County.
Area Median Income In George County
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.
In George County, HUD calculates the Area Median Income for a family of four as $60,700
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 George County
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 George County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$12,760||$17,240||$21,720||$26,200||$30,680||$35,160||$37,650||$40,100|
|50% of Median||$21,250||$24,300||$27,350||$30,350||$32,800||$35,250||$37,650||$40,100|
|80% of Median||$34,000||$38,850||$43,700||$48,550||$52,450||$56,350||$60,250||$64,100|