What HUD offices serve Hickory Flat, 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.
Go to the Mississippi Public Housing and Low-Income Apartments Waiting Lists page for openings near Hickory Flat.
How many renters live in Hickory Flat, Mississippi?
The City of Hickory Flat has 730 people living in 261 households.
There are 301 renters living in 132 renter households in this City. Renters make up 41.23 percent of the population living in Hickory Flat.
What is the rental market like in Hickory Flat, Mississippi?
There are an estimated 335 housing units in the Hickory Flat area. Of these, 148 units are rental homes, making up 44 percent of the housing market. For every renter household in Hickory Flat, Mississippi, there are 1 rental units.
What is the vacancy rate for rentals in Hickory Flat?
The rental vacancy rate in Hickory Flat is 11 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Hickory Flat for each bedroom size?
Occupied Rental Units by Size in Hickory Flat
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 22 | 0 | 33 | 77 | 0 |
Occupied Rental Units by Size in Hickory Flat
A large number of apartments in Hickory Flat 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 Hickory Flat are overburdened by housing costs?
Among renter households in this market, 82 percent have housing cost burden. Further, 2 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 Hickory Flat
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $775 to $1,219. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $775 |
| One BR | $804 |
| Two BR | $903 |
| Three BR | $1,214 |
| Four BR | $1,219 |
2024 Fair Market Rents in Hickory Flat, Mississippi
How many units are rented at Fair Market Rent (FMR) in Hickory Flat?
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 |
| Studio | 22 | 100 percent |
| Two BR | 29 | 88 percent |
Rental Units Below FMR in Hickory Flat, Mississippi
How many affordable rental units are in Hickory Flat?
There are a variety of federal affordable housing programs serving households in Hickory Flat, Mississippi including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 12 |
| USDA Section 515 Rural Rental Housing | 12 |
Tracked Units by Federal Program in Hickory Flat, Mississippi
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Hickory Flat, Mississippi
Hickory Flat features 36 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 Hickory Flat, Mississippi
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hickory Flat.
Housing Choice Vouchers in Hickory Flat, Mississippi
On average, Section 8 Housing Choice vouchers pay Hickory Flat landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Hickory Flat.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hickory Flat, Mississippi for a two-bedroom apartment is between $813 and $993.
Sourced from federal housing data and AffordableHousingOnline.com research.
