Public Housing Agencies Serving Horn Lake, 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.

Horn Lake, Mississippi Affordable Housing Data

Income Based Apartments in Horn Lake, Mississippi

Horn Lake features 177 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 Horn Lake, Mississippi

There are 356 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Horn Lake.

Housing Choice Vouchers in Horn Lake, Mississippi

On average, Section 8 Housing Choice vouchers pay Horn Lake landlords $1,400 per month towards rent. The average voucher holder contributes $300 towards rent in Horn Lake.

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

2023 Horn Lake, 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.

Sourced from federal housing data and AffordableHousingOnline.com research.

Horn Lake, MS Affordable Housing Snapshot

Total Affordable Apartment Properties	8
Total Low Income Apartments	533
Total Housing Units with Rental Assistance	177
Percentage of Housing Units Occupied By Renters	39.98%
Average Renter Household Size	3.09
Average Household Size	2.82
Median Household Income	$45,105 ±$2,920
Median Rent	$964 ±$17
Percentage Of Renters Overburdened	50.13% ± 7.54pp
Total Population	26,662

Population and Household Demographics

Horn Lake is a city in DeSoto County, Mississippi with a population of 26,662. There are 9,429 households in the city with an average household size of 2.82 persons. 39.98% of households in Horn Lake are renters.

Income and Rent Overburden in Horn Lake

The median gross income for households in Horn Lake is $45,105 a year, or $3,759 a month. The median rent for the city is $964 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Horn Lake, a household making less than $3,213 a month would be considered overburdened when renting an apartment at or above the median rent. 50.13% of households who rent are overburdened in Horn Lake.

Area Median Income In Horn Lake

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

In Horn Lake, 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 Horn Lake

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 Horn Lake