. Low Income Apartments For Rent in Petal, Mississippi - Affordable Housing Online

Caritas Manor Apartments

145 W Tenth Ave
Petal, Mississippi
S. 202
Income Based
1 BR
Showing Results 1-15
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There are 0 low-income apartments in Petal that offer reduced rents to eligible households.

Rental assistance programs support 33 low-income homes in Petal where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $380 towards rent each month.

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

Public Housing Agencies Serving Petal, 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 Petal.

Petal, Mississippi Affordable Housing Data

Income Based Apartments in Petal, Mississippi

Petal features 33 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 Petal, Mississippi

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Petal.

Housing Choice Vouchers in Petal, Mississippi

On average, Section 8 Housing Choice vouchers pay Petal landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Petal.

The maximum amount a voucher would pay on behalf of a low-income tenant in Petal, Mississippi for a two-bedroom apartment is between $854 and $1,044.

2023 Petal, 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
Petal, Mississippi Fair Market Rent $660 $785 $949 $1,212 $1,343
Petal, Mississippi Payment Standard Range $594 to $726 $707 to $864 $854 to $1,044 $1,091 to $1,333 $1,209 to $1,477

Sourced from federal housing data and AffordableHousingOnline.com research.

Petal, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 33
Total Housing Units with Rental Assistance 33
Percentage of Housing Units Occupied By Renters 32.96%
Average Renter Household Size 2.60
Average Household Size 2.68
Median Household Income $53,169 ±$4,786
Median Rent $895 ±$86
Percentage Of Renters Overburdened 49.39% ± 11.47pp
Total Population 10,723

Population and Household Demographics

Petal is a city in Forrest County, Mississippi with a population of 10,723. There are 3,987 households in the city with an average household size of 2.68 persons. 32.96% of households in Petal are renters.

Income and Rent Overburden in Petal

The median gross income for households in Petal is $53,169 a year, or $4,431 a month. The median rent for the city is $895 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Petal, a household making less than $2,983 a month would be considered overburdened when renting an apartment at or above the median rent. 49.39% of households who rent are overburdened in Petal.

Area Median Income In Petal

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 Petal, the AMI is calculated from all households within Forrest County.

In Petal, HUD calculates the Area Median Income for a family of four as $79,000

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 Petal

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 Petal

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30% AMI Income Limits
Renters earning up to 30% of the Petal AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $35,140 $38,600 $41,250 $43,900
50% AMI Income Limits
Renters earning up to 50% of the Petal AMI may qualify for rental assistance programs that target Very Low Income households.
$23,300 $26,600 $29,950 $33,250 $35,950 $38,600 $41,250 $43,900
80% AMI Income Limits
Renters earning up to 80% of the Petal AMI may qualify for rental assistance programs that target Low Income households.
$37,250 $42,600 $47,900 $53,200 $57,500 $61,750 $66,000 $70,250