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

Country Manor Ltd

Hwy 49
Sidon, Mississippi
Rent Assisted
S. 515 Rural

Pleasant View Villa

County Road 512
Sidon, Mississippi
Rent Assisted
S. 515 Rural
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There are 36 low-income apartments in Sidon that offer reduced rents to eligible households.

Rental assistance programs support 36 low-income homes in Sidon where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $250 towards rent each month.

Affordable rent data for some communities last confirmed on April 23rd, 2021. Subdsidized rents typically change once a year based on federal guidance.

Sidon, Mississippi Affordable Housing Data

Income Based Apartments in Sidon, Mississippi

Sidon features 36 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 Sidon, Mississippi

There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sidon.

Housing Choice Vouchers in Sidon, Mississippi

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

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

2023 Sidon, 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
Sidon, Mississippi Fair Market Rent $578 $582 $766 $963 $1,029
Sidon, Mississippi Payment Standard Range $520 to $636 $524 to $640 $689 to $843 $867 to $1,059 $926 to $1,132

Sourced from federal housing data and AffordableHousingOnline.com research.

Sidon, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 72
Total Housing Units with Rental Assistance 36
Percentage of Housing Units Occupied By Renters 50.81%
Average Renter Household Size 4.71
Average Household Size 3.94
Median Household Income $15,139 ±$3,614
Median Rent $510 ±$37
Percentage Of Renters Overburdened 74.6% ± 21.16pp
Total Population 489

Population and Household Demographics

Sidon is a city in Leflore County, Mississippi with a population of 489. There are 124 households in the city with an average household size of 3.94 persons. 50.81% of households in Sidon are renters.

Income and Rent Overburden in Sidon

The median gross income for households in Sidon is $15,139 a year, or $1,262 a month. The median rent for the city is $510 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Sidon, a household making less than $1,700 a month would be considered overburdened when renting an apartment at or above the median rent. 74.6% of households who rent are overburdened in Sidon.

Area Median Income In Sidon

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 Sidon, the AMI is calculated from all households within Leflore County.

In Sidon, HUD calculates the Area Median Income for a family of four as $41,800

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 Sidon

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 Sidon

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 Sidon AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $33,600 $36,100 $38,600 $41,100
50% AMI Income Limits
Renters earning up to 50% of the Sidon AMI may qualify for rental assistance programs that target Very Low Income households.
$21,800 $24,900 $28,000 $31,100 $33,600 $36,100 $38,600 $41,100
80% AMI Income Limits
Renters earning up to 80% of the Sidon AMI may qualify for rental assistance programs that target Low Income households.
$34,850 $39,800 $44,800 $49,750 $53,750 $57,750 $61,700 $65,700