. Low Income Apartments For Rent in Marks, Mississippi - Affordable Housing Online

Elderly Housing Inc Marks Lambert CO Southland Mgmt

301 Clara J Rucker
Marks, Mississippi
Rent Assisted
S. 515 Rural

Marks Elderly Housing

301 Clara Rucker Cir
Marks, Mississippi

Ezra Towner Senior Estates

Highway 3
Marks, Mississippi
S. 202

Big River 93

PO Box 7
Marks, Mississippi
Rent Assisted
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There are 98 low-income apartments in Marks that offer reduced rents to eligible households.

Rental assistance programs support 67 low-income homes in Marks where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $350 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Marks, Mississippi Affordable Housing Data

Income Based Apartments in Marks, Mississippi

Marks features 67 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 Marks, Mississippi

There are 98 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marks.

Housing Choice Vouchers in Marks, Mississippi

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Marks, Mississippi for a two-bedroom apartment is between $689 and $843.

2023 Marks, 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
Marks, Mississippi Fair Market Rent $578 $582 $766 $944 $1,305
Marks, Mississippi Payment Standard Range $520 to $636 $524 to $640 $689 to $843 $850 to $1,038 $1,175 to $1,436

Sourced from federal housing data and AffordableHousingOnline.com research.

Marks, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 165
Total Housing Units with Rental Assistance 67
Percentage of Housing Units Occupied By Renters 33.44%
Average Renter Household Size 2.55
Average Household Size 2.36
Median Household Income $28,365 ±$5,820
Median Rent $561 ±$62
Percentage Of Renters Overburdened 55.25% ± 19.74pp
Total Population 1,630

Population and Household Demographics

Marks is a city in Quitman County, Mississippi with a population of 1,630. There are 655 households in the city with an average household size of 2.36 persons. 33.44% of households in Marks are renters.

Income and Rent Overburden in Marks

The median gross income for households in Marks is $28,365 a year, or $2,364 a month. The median rent for the city is $561 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Marks, a household making less than $1,870 a month would be considered overburdened when renting an apartment at or above the median rent. 55.25% of households who rent are overburdened in Marks.

Area Median Income In Marks

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 Marks, the AMI is calculated from all households within Quitman County.

In Marks, HUD calculates the Area Median Income for a family of four as $44,200

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 Marks

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 Marks

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Marks AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $33,600 $36,100 $38,600 $41,100
50% AMI Income Limits
Renters earning up to 50% of the Marks AMI may qualify for rental assistance programs that target Very Low Income households.
$21,800 $24,900 $28,000 $31,100 $33,600 $36,100 $38,600 $41,100
80% AMI Income Limits
Renters earning up to 80% of the Marks AMI may qualify for rental assistance programs that target Low Income households.
$34,850 $39,800 $44,800 $49,750 $53,750 $57,750 $61,700 $65,700