Affordable Housing In Vicksburg
Warren County, Mississippi

29 Low Income Apartment Communities In Vicksburg

Carr Central I

1805 Cherry Street
Vicksburg, MS
$465-775
1-3 BR
HCV Welcome

Aeolian Senior Apartments

1300 Cherry St
Vicksburg, MS
$453
1 BR
HCV Welcome

Madison Glen Apartments

1950 Hope St
Vicksburg, MS
Call For Rent
2 BR
HCV Welcome

Magnolia Manor Apartments

3515 Manor Drive
Vicksburg, MS
Call For Rent
1-2 BR
Subsidized

Carr Central II

1805 Cherry Street
Vicksburg, MS

Carmel Manor

910 Bowman St
Vicksburg, MS
Accessible
Disabled Supportive Housing
Subsidized

Stonewood

1309 Mission 66
Vicksburg, MS
62+
Accessible
Elderly Supportive Housing
Subsidized

Fredella Village

1205 China St
Vicksburg, MS
Subsidized

Wisconsin Cove Apartments

3444 Wisconsin Ave
Vicksburg, MS
Accessible
Disabled Supportive Housing
Subsidized

New Main Apartments

2727 Alcorn Dr
Vicksburg, MS
Subsidized

Housing Authorities that serve Vicksburg

Housing Authority Programs
Housing Authority of the City of Vicksburg Public Housing
Mississippi Regional Housing Authority VI Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Vicksburg, Mississippi

According to federal housing data and AffordableHousingOnline.com research, there are 29 low income housing apartment communities offering 1,833 affordable apartments for rent in Vicksburg, Mississippi. Vicksburg features 830 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 967 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Vicksburg.

Vicksburg, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 29
Total Low Income Apartments 1,833
Total Housing Units with Rental Assistance 830
Percentage of Housing Units Occupied By Renters 46.01%
Average Renter Household Size 2.43
Average Household Size 2.50
Median Household Income $28,893 ±$2,014
Median Rent $642 ±$28
Percentage Of Renters Overburdened 53.41% ± 7.46pp
Total Population 23,439

Population and Household Demographics

Vicksburg is a City in Warren County, Mississippi with a population of 23,439. There are 9,152 households in the city with an average household size of 2.50 persons. 46.01% of households in Vicksburg are renters.

Income and Rent Overburden in Vicksburg

The median gross income for households in Vicksburg is $28,893 a year, or $2,408 a month. The median rent for the city is $642 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Vicksburg, a household making less than $2,140 a month would be considered overburdened when renting an apartment at or above the median rent. 53.41% of households who rent are overburdened in Vicksburg.1

Area Median Income In Vicksburg

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 Vicksburg, the AMI is calculated from all households within Warren County.

In Vicksburg, HUD calculates the Area Median Income for a family of four as $54,800

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 Vicksburg

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 Vicksburg HUD Rental Assistance in Vicksburg

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $29,600 $31,800 $34,000 $36,200
50% of Median $19,200 $21,950 $24,700 $27,400 $29,600 $31,800 $34,000 $36,200
80% of Median $30,700 $35,100 $39,500 $43,850 $47,400 $50,900 $54,400 $57,900
Low Income Housing Tax Credits in Vicksburg

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1992 to 2008, 9 low income apartment communities containing 763 rental apartments have been constructed and made affordable to low income persons in Vicksburg by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Vicksburg

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $19,200 $21,950 $24,700 $27,400 $29,600 $31,800 $34,000 $36,200
60% of Median $23,040 $26,340 $29,640 $32,880 $35,520 $38,160 $40,800 $43,440

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Vicksburg is $29,640 a year, or $2,470 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,470 by 30% to get a maximum rent of $741 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $480 $514 $618 $713 $795 $878
60% $576 $617 $741 $855 $954 $1,053
Fair Market Rents in Vicksburg

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$539 $542 $694 $962 $1,105