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

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Pontotoc Rentals, LP

273 Lakeview Cove
Pontotoc, Mississippi
Rent Assisted
S. 515 Rural

Pontotoc Senior Apartments Sun Belt Mgmt Co

265 Lakeshore Dr
Pontotoc, Mississippi
Rent Assisted
S. 515 Rural

Cherry Creek

42 Osage Ln
Pontotoc, Mississippi
Rent Assisted
3 BR


2263 West Reynolds Street
Pontotoc, Mississippi
Rent Assisted

Pontotoc Assoc Ltd Massengill Prop Inc

327 Hwy 15 Byp
Pontotoc, Mississippi
Rent Assisted
S. 515 Rural

Pontotoc Park Apartments

180 Hud St
Pontotoc, Mississippi
Rent Assisted

Grove Apartments, Llc

425 W Reynolds St
Pontotoc, Mississippi
Rent Assisted

Pontotoc Ha

173 W Bolton St
Pontotoc, Mississippi
Public Housing
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There are 192 low-income apartments in Pontotoc that offer reduced rents to eligible households.

Rental assistance programs support 152 low-income homes in Pontotoc where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $317 towards rent each month.

Affordable rent data for some communities last confirmed on January 1st, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Pontotoc, 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
The Housing Authority of the City of Pontotoc Public Housing
Tennessee Valley Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Mississippi Public Housing and Low-Income Apartments Waiting Lists page for openings near Pontotoc.

Pontotoc, Mississippi Affordable Housing Data

Income Based Apartments in Pontotoc, Mississippi

Pontotoc features 152 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 Pontotoc, Mississippi

There are 192 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pontotoc.

Housing Choice Vouchers in Pontotoc, Mississippi

On average, Section 8 Housing Choice vouchers pay Pontotoc landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Pontotoc.

The maximum amount a voucher would pay on behalf of a low-income tenant in Pontotoc, Mississippi for a two-bedroom apartment is between $689 and $843.

2023 Pontotoc, 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
Pontotoc, Mississippi Fair Market Rent $542 $678 $766 $1,003 $1,224
Pontotoc, Mississippi Payment Standard Range $488 to $596 $610 to $746 $689 to $843 $903 to $1,103 $1,102 to $1,346

Sourced from federal housing data and AffordableHousingOnline.com research.

Pontotoc, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 344
Total Housing Units with Rental Assistance 152
Percentage of Housing Units Occupied By Renters 31.38%
Average Renter Household Size 3.61
Average Household Size 2.96
Median Household Income $42,005 ±$5,366
Median Rent $570 ±$78
Percentage Of Renters Overburdened 15.85% ± 10.53pp
Total Population 5,808

Population and Household Demographics

Pontotoc is a city in Pontotoc County, Mississippi with a population of 5,808. There are 1,890 households in the city with an average household size of 2.96 persons. 31.38% of households in Pontotoc are renters.

Income and Rent Overburden in Pontotoc

The median gross income for households in Pontotoc is $42,005 a year, or $3,500 a month. The median rent for the city is $570 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Pontotoc, a household making less than $1,900 a month would be considered overburdened when renting an apartment at or above the median rent. 15.85% of households who rent are overburdened in Pontotoc.

Area Median Income In Pontotoc

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 Pontotoc, the AMI is calculated from all households within Pontotoc County.

In Pontotoc, HUD calculates the Area Median Income for a family of four as $72,800

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 Pontotoc

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 Pontotoc

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Pontotoc AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $34,000 $36,500 $39,000 $41,550
50% AMI Income Limits
Renters earning up to 50% of the Pontotoc AMI may qualify for rental assistance programs that target Very Low Income households.
$22,050 $25,200 $28,350 $31,450 $34,000 $36,500 $39,000 $41,550
80% AMI Income Limits
Renters earning up to 80% of the Pontotoc AMI may qualify for rental assistance programs that target Low Income households.
$35,250 $40,250 $45,300 $50,300 $54,350 $58,350 $62,400 $66,400