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

The Grove Apartments

222 Spruce St
Walnut Grove, Mississippi
Rent Assisted
S. 515 Rural

Lockwood Apartments

214 Main St
Walnut Grove, Mississippi
Rent Assisted
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There are 24 low-income apartments in Walnut Grove that offer reduced rents to eligible households.

Rental assistance programs support 20 low-income homes in Walnut Grove where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Walnut Grove, 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.

Housing Authority Programs
Mississippi Regional Housing Authority No. V Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Mississippi Public Housing and Low-Income Apartments Waiting Lists page for openings near Walnut Grove.

Walnut Grove, Mississippi Affordable Housing Data

Income Based Apartments in Walnut Grove, Mississippi

Walnut Grove features 20 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 Walnut Grove, Mississippi

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Walnut Grove.

Housing Choice Vouchers in Walnut Grove, Mississippi

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

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

2023 Walnut Grove, 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
Walnut Grove, Mississippi Fair Market Rent $578 $582 $766 $932 $1,065
Walnut Grove, Mississippi Payment Standard Range $520 to $636 $524 to $640 $689 to $843 $839 to $1,025 $959 to $1,172

Sourced from federal housing data and AffordableHousingOnline.com research.

Walnut Grove, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 44
Total Housing Units with Rental Assistance 20
Percentage of Housing Units Occupied By Renters 46.45%
Average Renter Household Size 2.25
Average Household Size 2.38
Median Household Income $24,896 ±$5,411
Median Rent $485 ±$177
Percentage Of Renters Overburdened 55.29% ± 18.48pp
Total Population 913

Population and Household Demographics

Walnut Grove is a city in Leake County, Mississippi with a population of 913. There are 183 households in the city with an average household size of 2.38 persons. 46.45% of households in Walnut Grove are renters.

Income and Rent Overburden in Walnut Grove

The median gross income for households in Walnut Grove is $24,896 a year, or $2,075 a month. The median rent for the city is $485 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Walnut Grove, a household making less than $1,617 a month would be considered overburdened when renting an apartment at or above the median rent. 55.29% of households who rent are overburdened in Walnut Grove.

Area Median Income In Walnut Grove

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 Walnut Grove, the AMI is calculated from all households within Leake County.

In Walnut Grove, HUD calculates the Area Median Income for a family of four as $57,200

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 Walnut Grove

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 Walnut Grove

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30% AMI Income Limits
Renters earning up to 30% of the Walnut Grove 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 Walnut Grove 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 Walnut Grove 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