How many renters live in Humphreys County, Mississippi?
The County of Humphreys County has 7,744 people living in 2,991 households.
There are 3,109 renters living in 1,198 renter households in this County. Renters make up 40.15 percent of the population living in Humphreys County.
What is the rental market like in Humphreys County, Mississippi?
There are an estimated 3,551 housing units in the Humphreys County area. Of these, 1,218 units are rental homes, making up 34 percent of the housing market. For every renter household in Humphreys County, Mississippi, there are 1 rental units.
What is the vacancy rate for rentals in Humphreys County?
The rental vacancy rate in Humphreys County is 2 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Humphreys County for each bedroom size?
Occupied Rental Units by Size in Humphreys County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 27 | 116 | 415 | 531 | 96 |
Occupied Rental Units by Size in Humphreys County
A large number of apartments in Humphreys 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 Humphreys County are overburdened by housing costs?
Among renter households in this market, 47 percent have housing cost burden. Further, 24 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 Humphreys County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $775 to $1,203. 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 | $1,198 |
| Four BR | $1,203 |
2024 Fair Market Rents in Humphreys County, Mississippi
How many units are rented at Fair Market Rent (FMR) in Humphreys 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 | 27 | 100 percent |
| One BR | 111 | 96 percent |
| Two BR | 265 | 64 percent |
Rental Units Below FMR in Humphreys County, Mississippi
How many affordable rental units are in Humphreys County?
There are a variety of federal affordable housing programs serving households in Humphreys County, Mississippi including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 257 |
| Section 8 Project-Based Rental Assistance | 102 |
| Section 202 Supportive Housing for the Elderly | 26 |
| USDA Section 515 Rural Rental Housing | 125 |
| USDA Section 514 Farm Labor Housing | 4 |
Tracked Units by Federal Program in Humphreys County, Mississippi
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Humphreys County, Mississippi
Humphreys County features 302 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 Humphreys County, Mississippi
There are 112 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Humphreys County.
Housing Choice Vouchers in Humphreys County, Mississippi
On average, Section 8 Housing Choice vouchers pay Humphreys County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Humphreys County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Humphreys County, Mississippi for a two-bedroom apartment is between $813 and $993.
Sourced from federal housing data and AffordableHousingOnline.com research.
