How many renters live in Rolling Fork, Mississippi?
The City of Rolling Fork has 2,172 people living in 671 households.
There are 768 renters living in 337 renter households in this City. Renters make up 35.36 percent of the population living in Rolling Fork.
What is the rental market like in Rolling Fork, Mississippi?
There are an estimated 893 housing units in the Rolling Fork area. Of these, 382 units are rental homes, making up 43 percent of the housing market. For every renter household in Rolling Fork, Mississippi, there are 1 rental units.
What is the vacancy rate for rentals in Rolling Fork?
The rental vacancy rate in Rolling Fork is 7 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 Rolling Fork for each bedroom size?
Occupied Rental Units by Size in Rolling Fork
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 50 | 100 | 165 | 22 |
Occupied Rental Units by Size in Rolling Fork
A large number of apartments in Rolling Fork 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 Rolling Fork are overburdened by housing costs?
Among renter households in this market, 22 percent have housing cost burden. Further, 9 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 Rolling Fork
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $738 to $1,219. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $738 |
| One BR | $742 |
| Two BR | $903 |
| Three BR | $1,214 |
| Four BR | $1,219 |
2024 Fair Market Rents in Rolling Fork, Mississippi
How many units are rented at Fair Market Rent (FMR) in Rolling Fork?
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 |
| One BR | 49 | 98 percent |
| Two BR | 87 | 87 percent |
Rental Units Below FMR in Rolling Fork, Mississippi
How many affordable rental units are in Rolling Fork?
There are a variety of federal affordable housing programs serving households in Rolling Fork, Mississippi including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 55 |
| Section 8 Project-Based Rental Assistance | 12 |
| Section 811 Supportive Housing for Persons with Disabilities | 14 |
| USDA Section 515 Rural Rental Housing | 80 |
Tracked Units by Federal Program in Rolling Fork, Mississippi
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Rolling Fork, Mississippi
Rolling Fork features 107 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 Rolling Fork, Mississippi
There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rolling Fork.
Housing Choice Vouchers in Rolling Fork, Mississippi
On average, Section 8 Housing Choice vouchers pay Rolling Fork landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Rolling Fork.
The maximum amount a voucher would pay on behalf of a low-income tenant in Rolling Fork, Mississippi for a two-bedroom apartment is between $813 and $993.
Sourced from federal housing data and AffordableHousingOnline.com research.
