Public Housing Agencies Serving Olive Branch, 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.

Olive Branch, Mississippi Affordable Housing Data

Income Based Apartments in Olive Branch, Mississippi

Olive Branch features 136 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 Olive Branch, Mississippi

There are 38 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Olive Branch.

Housing Choice Vouchers in Olive Branch, Mississippi

On average, Section 8 Housing Choice vouchers pay Olive Branch landlords $1,400 per month towards rent. The average voucher holder contributes $400 towards rent in Olive Branch.

The maximum amount a voucher would pay on behalf of a low-income tenant in Olive Branch, Mississippi for a two-bedroom apartment is between $929 and $1,135.

2023 Olive Branch, 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.

Sourced from federal housing data and AffordableHousingOnline.com research.

Olive Branch, MS Affordable Housing Snapshot

Total Affordable Apartment Properties	4
Total Low Income Apartments	174
Total Housing Units with Rental Assistance	136
Percentage of Housing Units Occupied By Renters	23.67%
Average Renter Household Size	2.86
Average Household Size	2.75
Median Household Income	$62,979 ±$3,964
Median Rent	$1,071 ±$60
Percentage Of Renters Overburdened	33.15% ± 7.34pp
Total Population	35,018

Population and Household Demographics

Olive Branch is a city in DeSoto County, Mississippi with a population of 35,018. There are 12,719 households in the city with an average household size of 2.75 persons. 23.67% of households in Olive Branch are renters.

Income and Rent Overburden in Olive Branch

The median gross income for households in Olive Branch is $62,979 a year, or $5,248 a month. The median rent for the city is $1,071 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Olive Branch, a household making less than $3,570 a month would be considered overburdened when renting an apartment at or above the median rent. 33.15% of households who rent are overburdened in Olive Branch.

Area Median Income In Olive Branch

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 Olive Branch, the AMI is calculated from all households within DeSoto County.

In Olive Branch, HUD calculates the Area Median Income for a family of four as $81,000

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 Olive Branch

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 Olive Branch