Affordable Housing In Hancock County
15 Low Income Apartment Communities In Hancock County
Housing Authorities that serve Hancock 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 Hancock County, Mississippi
There are 15 low income housing apartment communities offering 1,199 affordable apartments for rent in Hancock County, Mississippi.
Income Based Apartments in Hancock County, Mississippi
Hancock County features 346 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 Hancock County, Mississippi
There are 853 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hancock County.
Housing Choice Vouchers in Hancock County, Mississippi
On average, Section 8 Housing Choice vouchers pay Hancock County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Hancock County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hancock County, Mississippi for a two-bedroom apartment is between $761 and $931.
2020 Hancock 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||$688||$732||$846||$1,169||$1,372|
|Payment Standard Range||$619 to $757||$659 to $805||$761 to $931||$1,052 to $1,286||$1,235 to $1,509|
Sourced from federal housing data and AffordableHousingOnline.com research.
Hancock County, MS Affordable Housing Snapshot
|Total Affordable Apartment Properties||15|
|Total Low Income Apartments||1,199|
|Total Housing Units with Rental Assistance||346|
|Percentage of Housing Units Occupied By Renters||28.62%|
|Average Renter Household Size||2.41|
|Average Household Size||2.43|
|Median Household Income||$43,355 ±$4,330|
|Median Rent||$758 ±$31|
|Percentage Of Renters Overburdened||43.11% ± 6.71pp|
Population and Household Demographics
Hancock County is a county in Mississippi with a population of 45,627. There are 18,591 households in the county with an average household size of 2.43 persons. 28.62% of households in Hancock County are renters.
Income and Rent Overburden in Hancock County
The median gross income for households in Hancock County is $43,355 a year, or $3,613 a month. The median rent for the county is $758 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hancock County, a household making less than $2,527 a month would be considered overburdened when renting an apartment at or above the median rent. 43.11% of households who rent are overburdened in Hancock County.
Area Median Income In Hancock 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 Hancock County, HUD calculates the Area Median Income for a family of four as $60,900
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 Hancock 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 Hancock County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$12,800||$17,240||$21,720||$26,200||$30,680||$35,160||$37,800||$40,200|
|50% of Median||$21,350||$24,400||$27,450||$30,450||$32,900||$35,350||$37,800||$40,200|
|80% of Median||$34,100||$39,000||$43,850||$48,700||$52,600||$56,500||$60,400||$64,300|
Cities In Hancock County
Select A City to View its Apartment Communities and Waiting Lists.
|Bay Saint Louis||The HUD funded Public Housing Agencies that serve Bay Saint Louis are the The Housing Authority of the City of Bay St. Louis and Mississippi Regional Housing Authority VIII.|
|Bay St Louis||The HUD funded Public Housing Agency that serves Bay St Louis is the Mississippi Regional Housing Authority VIII.|
|Bay St. Louis||The HUD funded Public Housing Agency that serves Bay St. Louis is the Mississippi Regional Housing Authority VIII.|
|Diamondhead||The HUD funded Public Housing Agency that serves Diamondhead is the Mississippi Regional Housing Authority VIII.|
|Kiln||The HUD funded Public Housing Agency that serves Kiln is the Mississippi Regional Housing Authority VIII.|
|Pearlington||The HUD funded Public Housing Agency that serves Pearlington is the Mississippi Regional Housing Authority VIII.|
|Waveland||The HUD funded Public Housing Agency that serves Waveland is the Mississippi Regional Housing Authority VIII.|