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Affordable Housing In Indianola
Sunflower County, Mississippi

11 Low Income Apartment Communities In Indianola

Indianola Rentals, LP

700 Marie Road
Indianola, Mississippi
Subsidized

Matthews Retirement Center

702 Kinlock Ave
Indianola, Mississippi
Subsidized
62+
Accessible
Elderly Supportive Housing

Canterbury Apartments

810 Airport Rd
Indianola, Mississippi

Royal Oaks Ltd CO Southeastern Mg

201 Wiggins Rd
Indianola, Mississippi

Sunflower Estates

54 Spoonbill Ct
Indianola, Mississippi

Green Acres Apartments Lp

Kinlock Rd
Indianola, Mississippi
Subsidized

Pine Lane Apartments

Penny Cir
Indianola, Mississippi

Nelson Dotson CO Delta Housing Dev

2001 Kinlock Rd
Indianola, Mississippi

Delta Manor Apartments CO Delta Housing Dev

215 Wiggins Rd
Indianola, Mississippi

Pine West Apartments CO Southeastern Mg

603 Beaverdam Rd
Indianola, Mississippi

Guide To Affordable Housing in Indianola, Mississippi

There are 11 low income housing apartment communities offering 523 affordable apartments for rent in Indianola, Mississippi.

Income Based Apartments in Indianola, Mississippi

Indianola features 206 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 Indianola, Mississippi

There are 289 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Indianola.

Housing Choice Vouchers in Indianola, Mississippi

On average, Section 8 Housing Choice vouchers pay Indianola landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Indianola.

The maximum amount a voucher would pay on behalf of a low-income tenant in Indianola, Mississippi for a two-bedroom apartment is between $616 and $752.

2021 Indianola, 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
Fair Market Rent $451 $573 $684 $851 $961
Payment Standard Range $406 to $496 $516 to $630 $616 to $752 $766 to $936 $865 to $1,057

Sourced from federal housing data and AffordableHousingOnline.com research.

Indianola, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 523
Total Housing Units with Rental Assistance 206
Percentage of Housing Units Occupied By Renters 40.66%
Average Renter Household Size 2.92
Average Household Size 2.78
Median Household Income $26,544 ±$2,552
Median Rent $631 ±$28
Percentage Of Renters Overburdened 53.42% ± 9.84pp
Total Population 10,281

Population and Household Demographics

Indianola is a city in Sunflower County, Mississippi with a population of 10,281. There are 3,628 households in the city with an average household size of 2.78 persons. 40.66% of households in Indianola are renters.

Income and Rent Overburden in Indianola

The median gross income for households in Indianola is $26,544 a year, or $2,212 a month. The median rent for the city is $631 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Indianola, a household making less than $2,103 a month would be considered overburdened when renting an apartment at or above the median rent. 53.42% of households who rent are overburdened in Indianola.

Area Median Income In Indianola

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 Indianola, the AMI is calculated from all households within Sunflower County.

In Indianola, HUD calculates the Area Median Income for a family of four as $37,600

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 Indianola

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 Indianola

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,760 $17,240 $21,720 $26,200 $28,500 $30,600 $32,700 $34,800
50% of Median $18,450 $21,100 $23,750 $26,350 $28,500 $30,600 $32,700 $34,800
80% of Median $29,550 $33,750 $37,950 $42,150 $45,550 $48,900 $52,300 $55,650