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

Hill Manor Apartments

411 Hill St
Hernando, Mississippi

Coleman Crawford Estates

2780 College St
Hernando, Mississippi
S. 202

Parkway Apts Ltd C/O Bridgforth Rlty

428 Riley Street
Hernando, Mississippi
Rent Assisted
S. 515 Rural

No Ms Elderly Housing Hill Manor Apartments CO Palladium Prop

70 Hill Rd
Hernando, Mississippi
Rent Assisted
S. 515 Rural

Avondale Apartments

985 Hill St
Hernando, Mississippi
Rent Assisted
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There are 114 low-income apartments in Hernando that offer reduced rents to eligible households.

Rental assistance programs support 94 low-income homes in Hernando 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.

Public Housing Agencies Serving Hernando, Mississippi

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
Mississippi Regional Housing Authority II Section 8 Housing Choice Voucher (HCV)
Go to the Mississippi Public Housing and Low-Income Apartments Waiting Lists page for openings near Hernando.

Hernando, Mississippi Affordable Housing Data

Income Based Apartments in Hernando, Mississippi

Hernando features 94 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 Hernando, Mississippi

There are 114 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hernando.

Housing Choice Vouchers in Hernando, Mississippi

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Hernando, Mississippi for a two-bedroom apartment is between $929 and $1,135.

2023 Hernando, 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
Hernando, Mississippi Fair Market Rent $800 $902 $1,032 $1,365 $1,584
Hernando, Mississippi Payment Standard Range $720 to $880 $812 to $992 $929 to $1,135 $1,229 to $1,502 $1,426 to $1,742

Sourced from federal housing data and AffordableHousingOnline.com research.

Hernando, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 208
Total Housing Units with Rental Assistance 94
Percentage of Housing Units Occupied By Renters 19.11%
Average Renter Household Size 2.26
Average Household Size 2.62
Median Household Income $58,870 ±$4,444
Median Rent $858 ±$99
Percentage Of Renters Overburdened 55.68% ± 14.98pp
Total Population 14,984

Population and Household Demographics

Hernando is a city in DeSoto County, Mississippi with a population of 14,984. There are 5,574 households in the city with an average household size of 2.62 persons. 19.11% of households in Hernando are renters.

Income and Rent Overburden in Hernando

The median gross income for households in Hernando is $58,870 a year, or $4,906 a month. The median rent for the city is $858 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hernando, a household making less than $2,860 a month would be considered overburdened when renting an apartment at or above the median rent. 55.68% of households who rent are overburdened in Hernando.

Area Median Income In Hernando

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 Hernando, the AMI is calculated from all households within DeSoto County.

In Hernando, HUD calculates the Area Median Income for a family of four as $81,000

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 Hernando

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 Hernando

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30% AMI Income Limits
Renters earning up to 30% of the Hernando AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,050 $19,720 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Hernando AMI may qualify for rental assistance programs that target Very Low Income households.
$28,350 $32,400 $36,450 $40,500 $43,750 $47,000 $50,250 $53,500
80% AMI Income Limits
Renters earning up to 80% of the Hernando AMI may qualify for rental assistance programs that target Low Income households.
$45,400 $51,850 $58,350 $64,800 $70,000 $75,200 $80,400 $85,550