Low Income Apartments and Affordable Housing For Rent in Marks, MS

Discover affordable housing in Marks where there are 4+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Elderly Housing Inc Marks Lambert CO Southland Mgmt

301 Clara J Rucker, Marks, Mississippi 38646

Marks Elderly Housing

301 Clara Rucker Cir, Marks, Mississippi 38646

Ezra Towner Senior Estates

Highway 3, Marks, Mississippi 38646

Big River 93

PO Box 7, Marks, Mississippi 38646

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Marks, Mississippi
$17.10/hour
$9.85 (+136%) more than Mississippi minimum wage and $9.85 (+136%) more than the Federal minimum wage.
Learn More About Marks, Mississippi Affordable Housing ↓

How many renters live in Marks, Mississippi?

The City of Marks has 1,633 people living in 696 households.

There are 595 renters living in 238 renter households in this City. Renters make up 36.44 percent of the population living in Marks.

What is the rental market like in Marks, Mississippi?

There are an estimated 775 housing units in the Marks area. Of these, 247 units are rental homes, making up 32 percent of the housing market. For every renter household in Marks, Mississippi, there are 1 rental units.

What is the vacancy rate for rentals in Marks?

The rental vacancy rate in Marks is 4 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 Marks for each bedroom size?

Occupied Rental Units by Size in Marks
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 13 76 108 41
Occupied Rental Units by Size in Marks

A large number of apartments in Marks 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 Marks are overburdened by housing costs?

Among renter households in this market, 17 percent have housing cost burden. Further, 13 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 Marks

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $683 to $1,532. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $683
One BR $687
Two BR $903
Three BR $1,203
Four BR $1,532
2024 Fair Market Rents in Marks, Mississippi

How many units are rented at Fair Market Rent (FMR) in Marks?

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 8 62 percent
Two BR 11 14 percent
Rental Units Below FMR in Marks, Mississippi

How many affordable rental units are in Marks?

There are a variety of federal affordable housing programs serving households in Marks, Mississippi including the following:

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 5
Tracked Units by Federal Program in Marks, Mississippi

Rental units may be funded in part by multiple federal programs.

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 55 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 $813 and $993.

Sourced from federal housing data and AffordableHousingOnline.com research.