How many renters live in Tunica Resorts, Mississippi?
The City of Tunica Resorts has 2,096 people living in 915 households.
There are 1,836 renters living in 814 renter households in this City. Renters make up 87.6 percent of the population living in Tunica Resorts.
What is the rental market like in Tunica Resorts, Mississippi?
There are an estimated 1,330 housing units in the Tunica Resorts area. Of these, 1,132 units are rental homes, making up 85 percent of the housing market. For every renter household in Tunica Resorts, Mississippi, there are 1 rental units.
What is the vacancy rate for rentals in Tunica Resorts?
The rental vacancy rate in Tunica Resorts is 28 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 Resorts for each bedroom size?
Occupied Rental Units by Size in Tunica Resorts
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 74 | 630 | 110 | 0 |
Occupied Rental Units by Size in Tunica Resorts
A large number of apartments in Tunica Resorts 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 Resorts are overburdened by housing costs?
Among renter households in this market, 37 percent have housing cost burden. Further, 23 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 Resorts
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 Resorts, Mississippi
How many units are rented at Fair Market Rent (FMR) in Tunica Resorts?
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 | 74 | 100 percent |
| Two BR | 471 | 75 percent |
Rental Units Below FMR in Tunica Resorts, Mississippi
How many affordable rental units are in Tunica Resorts?
Income Based Apartments in Tunica Resorts, Mississippi
Tunica Resorts features 0 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 Resorts, Mississippi
There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Tunica Resorts.
Housing Choice Vouchers in Tunica Resorts, Mississippi
On average, Section 8 Housing Choice vouchers pay Tunica Resorts landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Tunica Resorts.
The maximum amount a voucher would pay on behalf of a low-income tenant in Tunica Resorts, Mississippi for a two-bedroom apartment is between $1,072 and $1,310.
Sourced from federal housing data and AffordableHousingOnline.com research.
