Village Manor Apartment

1001 Cotton St
Mount Olive, Mississippi
Call For Rent
1-2 BR
Rent Assisted

Olivewood Apartments

400 Kingswood Dr
Mount Olive, Mississippi
Income Based
1-2 BR

Kingswood Apartments II

500 Kingswood Dr
Mount Olive, Mississippi
Call For Rent
1-2 BR
Rent Assisted

There are 24 low-income apartments in Mount Olive that offer reduced rents to eligible households.

Rental assistance programs support 48 low-income homes in Mount Olive where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

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

Affordable Housing Near Mount Olive

View affordable apartments and waiting lists in cities near Mount Olive

City Apartments
Collins, MS Affordable Housing programs support 6 apartment communities in Collins.

Public Housing Agencies Serving Mount Olive, Mississippi

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
Mississippi Regional Housing Authority VIII Section 8 Housing Choice Voucher (HCV); Section 8 Project-Based Voucher (PBV); Rental Assistance Demonstration (RAD)
Go to the Mississippi Public Housing and Low-Income Apartments Waiting Lists page for openings near Mount Olive.

Mount Olive, Mississippi Affordable Housing Data

Income Based Apartments in Mount Olive, Mississippi

Mount Olive features 48 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 Mount Olive, Mississippi

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mount Olive.

Housing Choice Vouchers in Mount Olive, Mississippi

On average, Section 8 Housing Choice vouchers pay Mount Olive landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Mount Olive.

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

2023 Mount Olive, 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
Mount Olive, Mississippi Fair Market Rent $520 $637 $766 $1,089 $1,093
Mount Olive, Mississippi Payment Standard Range $468 to $572 $573 to $701 $689 to $843 $980 to $1,198 $984 to $1,202

Sourced from federal housing data and research.

Mount Olive, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 72
Total Housing Units with Rental Assistance 48
Percentage of Housing Units Occupied By Renters 48.66%
Average Renter Household Size 2.71
Average Household Size 2.64
Median Household Income $22,328 ±$13,713
Median Rent $475 ±$257
Percentage Of Renters Overburdened 39.23% ± 20.53pp
Total Population 981

Population and Household Demographics

Mount Olive is a city in Covington County, Mississippi with a population of 981. There are 372 households in the city with an average household size of 2.64 persons. 48.66% of households in Mount Olive are renters.

Income and Rent Overburden in Mount Olive

The median gross income for households in Mount Olive is $22,328 a year, or $1,861 a month. The median rent for the city is $475 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mount Olive, a household making less than $1,583 a month would be considered overburdened when renting an apartment at or above the median rent. 39.23% of households who rent are overburdened in Mount Olive.

Area Median Income In Mount Olive

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 Mount Olive, the AMI is calculated from all households within Covington County.

In Mount Olive, HUD calculates the Area Median Income for a family of four as $48,700

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 Mount Olive

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 Mount Olive

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 Mount Olive AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,590 $18,310 $23,030 $27,750 $31,800 $34,150 $36,500 $38,850
50% AMI Income Limits
Renters earning up to 50% of the Mount Olive AMI may qualify for rental assistance programs that target Very Low Income households.
$20,600 $23,550 $26,500 $29,400 $31,800 $34,150 $36,500 $38,850
80% AMI Income Limits
Renters earning up to 80% of the Mount Olive AMI may qualify for rental assistance programs that target Low Income households.
$32,950 $37,650 $42,350 $47,050 $50,850 $54,600 $58,350 $62,150