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

Ms Housing Dev Corp Gunnison Acres

N Railroad Ave
Gunnison, Mississippi
Rent Assisted
S. 515 Rural
Showing Results 1-15
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There are 0 low-income apartments in Gunnison that offer reduced rents to eligible households.

Rental assistance programs support 16 low-income homes in Gunnison where households pay rent based on how much they earn.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Gunnison, Mississippi Affordable Housing Data

Income Based Apartments in Gunnison, Mississippi

Gunnison features 16 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 Gunnison, Mississippi

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gunnison.

Housing Choice Vouchers in Gunnison, Mississippi

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Gunnison, Mississippi for a two-bedroom apartment is between $698 and $853.

2023 Gunnison, 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
Gunnison, Mississippi Fair Market Rent $585 $589 $775 $943 $1,041
Gunnison, Mississippi Payment Standard Range $527 to $644 $530 to $648 $698 to $853 $849 to $1,037 $937 to $1,145

Sourced from federal housing data and AffordableHousingOnline.com research.

Gunnison, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 16
Total Housing Units with Rental Assistance 16
Percentage of Housing Units Occupied By Renters 57.5%
Average Renter Household Size 2.55
Average Household Size 2.54
Median Household Income $22,292 ±$5,081
Median Rent $481 ±$208
Percentage Of Renters Overburdened 11.59% ± 27.56pp
Total Population 305

Population and Household Demographics

Gunnison is a city in Bolivar County, Mississippi with a population of 305. There are 120 households in the city with an average household size of 2.54 persons. 57.5% of households in Gunnison are renters.

Income and Rent Overburden in Gunnison

The median gross income for households in Gunnison is $22,292 a year, or $1,858 a month. The median rent for the city is $481 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Gunnison, a household making less than $1,603 a month would be considered overburdened when renting an apartment at or above the median rent. 11.59% of households who rent are overburdened in Gunnison.

Area Median Income In Gunnison

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 Gunnison, the AMI is calculated from all households within Bolivar County.

In Gunnison, HUD calculates the Area Median Income for a family of four as $47,400

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 Gunnison

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 Gunnison

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 Gunnison 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 Gunnison 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 Gunnison 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