Low Income Apartments and Affordable Housing For Rent in Vaiden, MS

Discover affordable housing in Vaiden where there are 3+ 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.

Poplar Manor

300 Court St, Vaiden, Mississippi 39176

Vaiden Rental Housing

109 Court St, Vaiden, Mississippi 0

Stonegate Apartments

502 Flowers St, Vaiden, Mississippi 39176

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Vaiden, Mississippi
$17.10/hour
$9.85 (+136%) more than Mississippi minimum wage and $9.85 (+136%) more than the Federal minimum wage.
Learn More About Vaiden, Mississippi Affordable Housing ↓

What HUD offices serve Vaiden, 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 Vaiden, Mississippi.

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

How many renters live in Vaiden, Mississippi?

The City of Vaiden has 1,122 people living in 371 households.

There are 303 renters living in 130 renter households in this City. Renters make up 27.01 percent of the population living in Vaiden.

What is the rental market like in Vaiden, Mississippi?

There are an estimated 537 housing units in the Vaiden area. Of these, 172 units are rental homes, making up 32 percent of the housing market. For every renter household in Vaiden, Mississippi, there are 1 rental units.

What is the vacancy rate for rentals in Vaiden?

The rental vacancy rate in Vaiden is 17 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 Vaiden for each bedroom size?

Occupied Rental Units by Size in Vaiden
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 60 46 23 0
Occupied Rental Units by Size in Vaiden

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

Among renter households in this market, 32 percent have housing cost burden. Further, 0 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 Vaiden

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $721 to $1,219. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $721
One BR $725
Two BR $903
Three BR $1,131
Four BR $1,219
2024 Fair Market Rents in Vaiden, Mississippi

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

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 60 100 percent
Two BR 46 100 percent
Rental Units Below FMR in Vaiden, Mississippi

How many affordable rental units are in Vaiden?

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

Federal Program Unit Count
Low Income Housing Tax Credit 48
Section 8 Project-Based Rental Assistance 28
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Vaiden, Mississippi

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

Income Based Apartments in Vaiden, Mississippi

Vaiden features 76 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 Vaiden, Mississippi

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Vaiden.

Housing Choice Vouchers in Vaiden, Mississippi

On average, Section 8 Housing Choice vouchers pay Vaiden landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Vaiden.

The maximum amount a voucher would pay on behalf of a low-income tenant in Vaiden, Mississippi for a two-bedroom apartment is between $813 and $993.

Sourced from federal housing data and AffordableHousingOnline.com research.