What HUD offices serve Nicholson, 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 Nicholson.
How many renters live in Nicholson, Mississippi?
The City of Nicholson has 2,229 people living in 1,072 households.
There are 756 renters living in 335 renter households in this City. Renters make up 33.92 percent of the population living in Nicholson.
What is the rental market like in Nicholson, Mississippi?
There are an estimated 1,262 housing units in the Nicholson area. Of these, 381 units are rental homes, making up 30 percent of the housing market. For every renter household in Nicholson, Mississippi, there are 1 rental units.
What is the vacancy rate for rentals in Nicholson?
The rental vacancy rate in Nicholson is 12 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 Nicholson for each bedroom size?
Occupied Rental Units by Size in Nicholson
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 34 | 36 | 119 | 146 | 0 |
Occupied Rental Units by Size in Nicholson
A large number of apartments in Nicholson 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 Nicholson are overburdened by housing costs?
Among renter households in this market, 32 percent have housing cost burden. Further, 12 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 Nicholson
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $877 to $1,611. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $877 |
| One BR | $894 |
| Two BR | $1,022 |
| Three BR | $1,419 |
| Four BR | $1,611 |
2024 Fair Market Rents in Nicholson, Mississippi
How many units are rented at Fair Market Rent (FMR) in Nicholson?
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 |
| Studio | 0 | 100 percent |
| One BR | 36 | 100 percent |
| Two BR | 119 | 100 percent |
Rental Units Below FMR in Nicholson, Mississippi
How many affordable rental units are in Nicholson?
Income Based Apartments in Nicholson, Mississippi
Nicholson features 32 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 Nicholson, Mississippi
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Nicholson.
Housing Choice Vouchers in Nicholson, Mississippi
On average, Section 8 Housing Choice vouchers pay Nicholson landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Nicholson.
The maximum amount a voucher would pay on behalf of a low-income tenant in Nicholson, Mississippi for a two-bedroom apartment is between $920 and $1,124.
Sourced from federal housing data and AffordableHousingOnline.com research.
