Low Income Apartments and Affordable Housing For Rent in Pontotoc County, MS

Discover affordable housing in Pontotoc County where there are 9+ 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.

Pontotoc Rentals, LP

273 Lakeview Cove, Pontotoc, Mississippi 38863

Pontotoc Senior Apartments Sun Belt Mgmt Co

265 Lakeshore Dr, Pontotoc, Mississippi 38863

Cherry Creek

42 Osage Ln, Pontotoc, Mississippi 38863

Woodlawn

2263 West Reynolds Street, Pontotoc, Mississippi 38863

Pontotoc Assoc Ltd Massengill Prop Inc

327 Hwy 15 Byp, Pontotoc, Mississippi 38863

Pontotoc Park Apartments

180 Hud St, Pontotoc, Mississippi 38863

Grove Apartments, Llc

425 W Reynolds St, Pontotoc, Mississippi 38863

Ecru Estates

163 Cedar Ridge Dr, Ecru, Mississippi 38841

Pontotoc Ha

173 W Bolton St, Pontotoc, Mississippi 38863

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Pontotoc County, Mississippi
$17.44/hour
$10.19 (+141%) more than Mississippi minimum wage and $10.19 (+141%) more than the Federal minimum wage.
Learn More About Pontotoc County, Mississippi Affordable Housing ↓

What HUD offices serve Pontotoc County, 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), Public Housing programs for Pontotoc County, Mississippi.

Go to the Mississippi Public Housing and Low-Income Apartments Waiting Lists page for openings near Pontotoc County.

How many renters live in Pontotoc County, Mississippi?

The County of Pontotoc County has 31,202 people living in 11,630 households.

There are 8,195 renters living in 3,239 renter households in this County. Renters make up 26.26 percent of the population living in Pontotoc County.

What is the rental market like in Pontotoc County, Mississippi?

There are an estimated 13,915 housing units in the Pontotoc County area. Of these, 3,369 units are rental homes, making up 24 percent of the housing market. For every renter household in Pontotoc County, Mississippi, there are 1 rental units.

What is the vacancy rate for rentals in Pontotoc County?

The rental vacancy rate in Pontotoc County is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Pontotoc County for each bedroom size?

Occupied Rental Units by Size in Pontotoc County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
328 322 1,043 1,289 238
Occupied Rental Units by Size in Pontotoc County

A large number of apartments in Pontotoc County 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 Pontotoc County are overburdened by housing costs?

Among renter households in this market, 32 percent have housing cost burden. Further, 11 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 Pontotoc County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $624 to $1,400. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $624
One BR $820
Two BR $921
Three BR $1,158
Four BR $1,400
2024 Fair Market Rents in Pontotoc County, Mississippi

How many units are rented at Fair Market Rent (FMR) in Pontotoc County?

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 180 55 percent
One BR 116 36 percent
Two BR 639 61 percent
Rental Units Below FMR in Pontotoc County, Mississippi

How many affordable rental units are in Pontotoc County?

There are a variety of federal affordable housing programs serving households in Pontotoc County, Mississippi including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 206
Public Housing 80
Section 8 Project-Based Rental Assistance 80
USDA Section 515 Rural Rental Housing 180
Tracked Units by Federal Program in Pontotoc County, Mississippi

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Pontotoc County, Mississippi

Pontotoc County features 236 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 County, Mississippi

There are 132 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pontotoc County.

Housing Choice Vouchers in Pontotoc County, Mississippi

On average, Section 8 Housing Choice vouchers pay Pontotoc County landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Pontotoc County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Pontotoc County, Mississippi for a two-bedroom apartment is between $829 and $1,013.

Sourced from federal housing data and AffordableHousingOnline.com research.