What HUD offices serve New Augusta, 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.
Go to the Mississippi Public Housing and Low-Income Apartments Waiting Lists page for openings near New Augusta.
How many renters live in New Augusta, Mississippi?
The City of New Augusta has 451 people living in 199 households.
There are 204 renters living in 98 renter households in this City. Renters make up 45.23 percent of the population living in New Augusta.
What is the rental market like in New Augusta, Mississippi?
There are an estimated 231 housing units in the New Augusta area. Of these, 108 units are rental homes, making up 47 percent of the housing market. For every renter household in New Augusta, Mississippi, there are 1 rental units.
What is the vacancy rate for rentals in New Augusta?
The rental vacancy rate in New Augusta is 9 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in New Augusta for each bedroom size?
Occupied Rental Units by Size in New Augusta
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 19 | 64 | 15 | 0 |
Occupied Rental Units by Size in New Augusta
A large number of apartments in New Augusta 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 New Augusta are overburdened by housing costs?
Among renter households in this market, 46 percent have housing cost burden. Further, 28 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 New Augusta
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $766 to $1,466. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $766 |
| One BR | $906 |
| Two BR | $1,101 |
| Three BR | $1,403 |
| Four BR | $1,466 |
2024 Fair Market Rents in New Augusta, Mississippi
How many units are rented at Fair Market Rent (FMR) in New Augusta?
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 | 16 | 84 percent |
| Two BR | 47 | 73 percent |
Rental Units Below FMR in New Augusta, Mississippi
How many affordable rental units are in New Augusta?
There are a variety of federal affordable housing programs serving households in New Augusta, Mississippi including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 43 |
| USDA Section 515 Rural Rental Housing | 44 |
Tracked Units by Federal Program in New Augusta, Mississippi
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in New Augusta, Mississippi
New Augusta features 44 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 New Augusta, Mississippi
There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Augusta.
Housing Choice Vouchers in New Augusta, Mississippi
On average, Section 8 Housing Choice vouchers pay New Augusta landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in New Augusta.
The maximum amount a voucher would pay on behalf of a low-income tenant in New Augusta, Mississippi for a two-bedroom apartment is between $991 and $1,211.
Sourced from federal housing data and AffordableHousingOnline.com research.