What HUD offices serve Holmes County, 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 Holmes County.
How many renters live in Holmes County, Mississippi?
The County of Holmes County has 16,848 people living in 5,798 households.
There are 5,448 renters living in 2,177 renter households in this County. Renters make up 32.34 percent of the population living in Holmes County.
What is the rental market like in Holmes County, Mississippi?
There are an estimated 7,569 housing units in the Holmes County area. Of these, 2,666 units are rental homes, making up 35 percent of the housing market. For every renter household in Holmes County, Mississippi, there are 1 rental units.
What is the vacancy rate for rentals in Holmes County?
The rental vacancy rate in Holmes County is 15 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 Holmes County for each bedroom size?
Occupied Rental Units by Size in Holmes County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 20 | 322 | 509 | 1,171 | 144 |
Occupied Rental Units by Size in Holmes County
A large number of apartments in Holmes County 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 Holmes County are overburdened by housing costs?
Among renter households in this market, 37 percent have housing cost burden. Further, 21 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 Holmes County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $704 to $1,203. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $704 |
| One BR | $804 |
| Two BR | $903 |
| Three BR | $1,198 |
| Four BR | $1,203 |
2024 Fair Market Rents in Holmes County, Mississippi
How many units are rented at Fair Market Rent (FMR) in Holmes County?
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 | 20 | 100 percent |
| One BR | 229 | 71 percent |
| Two BR | 362 | 71 percent |
Rental Units Below FMR in Holmes County, Mississippi
How many affordable rental units are in Holmes County?
There are a variety of federal affordable housing programs serving households in Holmes County, Mississippi including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 478 |
| Section 8 Project-Based Rental Assistance | 322 |
| Section 811 Supportive Housing for Persons with Disabilities | 13 |
| USDA Section 515 Rural Rental Housing | 406 |
Tracked Units by Federal Program in Holmes County, Mississippi
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Holmes County, Mississippi
Holmes County features 766 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 Holmes County, Mississippi
There are 168 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Holmes County.
Housing Choice Vouchers in Holmes County, Mississippi
On average, Section 8 Housing Choice vouchers pay Holmes County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Holmes County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Holmes County, Mississippi for a two-bedroom apartment is between $813 and $993.
Sourced from federal housing data and AffordableHousingOnline.com research.
