How many renters live in Tunica County, Mississippi?
The County of Tunica County has 9,787 people living in 3,595 households.
There are 5,669 renters living in 2,024 renter households in this County. Renters make up 57.92 percent of the population living in Tunica County.
What is the rental market like in Tunica County, Mississippi?
There are an estimated 4,637 housing units in the Tunica County area. Of these, 2,607 units are rental homes, making up 56 percent of the housing market. For every renter household in Tunica County, Mississippi, there are 1 rental units.
What is the vacancy rate for rentals in Tunica County?
The rental vacancy rate in Tunica County is 22 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 Tunica County for each bedroom size?
Occupied Rental Units by Size in Tunica County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 33 | 259 | 931 | 633 | 126 |
Occupied Rental Units by Size in Tunica County
A large number of apartments in Tunica 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 Tunica County are overburdened by housing costs?
Among renter households in this market, 47 percent have housing cost burden. Further, 36 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 Tunica County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $940 to $1,586. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $940 |
| One BR | $1,017 |
| Two BR | $1,191 |
| Three BR | $1,440 |
| Four BR | $1,586 |
2024 Fair Market Rents in Tunica County, Mississippi
How many units are rented at Fair Market Rent (FMR) in Tunica 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 | 33 | 100 percent |
| One BR | 220 | 85 percent |
| Two BR | 736 | 79 percent |
Rental Units Below FMR in Tunica County, Mississippi
How many affordable rental units are in Tunica County?
There are a variety of federal affordable housing programs serving households in Tunica County, Mississippi including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 595 |
| Section 8 Project-Based Rental Assistance | 68 |
| Section 202 Supportive Housing for the Elderly | 29 |
| USDA Section 515 Rural Rental Housing | 146 |
Tracked Units by Federal Program in Tunica County, Mississippi
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Tunica County, Mississippi
Tunica County features 243 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 Tunica County, Mississippi
There are 234 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Tunica County.
Housing Choice Vouchers in Tunica County, Mississippi
On average, Section 8 Housing Choice vouchers pay Tunica County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Tunica County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Tunica County, Mississippi for a two-bedroom apartment is between $1,072 and $1,310.
Sourced from federal housing data and AffordableHousingOnline.com research.
