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

Discover affordable housing in Nicholson where there are 1+ 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.

Nicholson Arms Apartments Southern Mgmt Group Inc

3199 Jackson Landing, Nicholson, Mississippi 39463

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Nicholson, Mississippi

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Nicholson, Mississippi
$12.11 (+167%) more than Mississippi minimum wage and $12.11 (+167%) more than the Federal minimum wage.
Learn More About Nicholson, Mississippi Affordable Housing ↓

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.

Operates the Section 8 Housing Choice Voucher (HCV), Section 8 Project-Based Voucher (PBV), Rental Assistance Demonstration (RAD) programs for Nicholson, Mississippi.

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 people living in households.

There are renters living in 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 housing units in the Nicholson area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Nicholson, Mississippi, there are 1.14 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 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.