How many renters live in Liberty, Mississippi?
The City of Liberty has 871 people living in 367 households.
There are 203 renters living in 109 renter households in this City. Renters make up 23.31 percent of the population living in Liberty.
What is the rental market like in Liberty, Mississippi?
There are an estimated 427 housing units in the Liberty area. Of these, 115 units are rental homes, making up 27 percent of the housing market. For every renter household in Liberty, Mississippi, there are 1 rental units.
What is the vacancy rate for rentals in Liberty?
The rental vacancy rate in Liberty is 5 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 Liberty for each bedroom size?
Occupied Rental Units by Size in Liberty
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 56 | 4 | 46 | 3 |
Occupied Rental Units by Size in Liberty
A large number of apartments in Liberty 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 Liberty are overburdened by housing costs?
Among renter households in this market, 50 percent have housing cost burden. Further, 19 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 Liberty
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $689 to $1,229. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $689 |
| One BR | $693 |
| Two BR | $911 |
| Three BR | $1,115 |
| Four BR | $1,229 |
2024 Fair Market Rents in Liberty, Mississippi
How many units are rented at Fair Market Rent (FMR) in Liberty?
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 |
| One BR | 56 | 100 percent |
| Two BR | 4 | 100 percent |
Rental Units Below FMR in Liberty, Mississippi
How many affordable rental units are in Liberty?
Income Based Apartments in Liberty, Mississippi
Liberty features 24 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 Liberty, Mississippi
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Liberty.
Housing Choice Vouchers in Liberty, Mississippi
On average, Section 8 Housing Choice vouchers pay Liberty landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Liberty.
The maximum amount a voucher would pay on behalf of a low-income tenant in Liberty, Mississippi for a two-bedroom apartment is between $820 and $1,002.
Sourced from federal housing data and AffordableHousingOnline.com research.
