Low Income Apartments For Rent in Guntown, MS

Rental assistance programs support 152 low-income homes in Guntown where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $345 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 Guntown, 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
Tennessee Valley Regional Housing Authority	Section 8 Housing Choice Voucher (HCV); Public Housing

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

Guntown, Mississippi Affordable Housing Data

Income Based Apartments in Guntown, Mississippi

Guntown features 152 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 Guntown, Mississippi

There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Guntown.

Housing Choice Vouchers in Guntown, Mississippi

On average, Section 8 Housing Choice vouchers pay Guntown landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Guntown.

The maximum amount a voucher would pay on behalf of a low-income tenant in Guntown, Mississippi for a two-bedroom apartment is between $941 and $1,150.

2024 Guntown, 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
Guntown, Mississippi Fair Market Rent	$853	$859	$1,045	$1,319	$1,486
Guntown, Mississippi Payment Standard Range	$768 to $938	$773 to $945	$941 to $1,150	$1,187 to $1,451	$1,337 to $1,635

Sourced from federal housing data and AffordableHousingOnline.com research.

Guntown, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 3

Total Low Income Apartments 164

Total Housing Units with Rental Assistance 152

Percentage of Housing Units Occupied By Renters 24%

Average Renter Household Size 2.55

Average Household Size 2.91

Median Household Income $58,487 ±$6,715

Median Rent $536 ±$289

Percentage Of Renters Overburdened 22.11% ± 11.26pp

Total Population 2,412

Total Affordable Apartment Properties	3
Total Low Income Apartments	164
Total Housing Units with Rental Assistance	152
Percentage of Housing Units Occupied By Renters	24%
Average Renter Household Size	2.55
Average Household Size	2.91
Median Household Income	$58,487 ±$6,715
Median Rent	$536 ±$289
Percentage Of Renters Overburdened	22.11% ± 11.26pp
Total Population	2,412

Population and Household Demographics

Guntown is a city in Lee County, Mississippi with a population of 2,412. There are 829 households in the city with an average household size of 2.91 persons. 24% of households in Guntown are renters.

Income and Rent Overburden in Guntown

The median gross income for households in Guntown is $58,487 a year, or $4,874 a month. The median rent for the city is $536 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Guntown, a household making less than $1,787 a month would be considered overburdened when renting an apartment at or above the median rent. 22.11% of households who rent are overburdened in Guntown.

Area Median Income In Guntown

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 Guntown, the AMI is calculated from all households within Lee County.

In Guntown, HUD calculates the Area Median Income for a family of four as $85,600

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 Guntown

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 Guntown

	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30% AMI Income Limits Renters earning up to 30% of the Guntown AMI may qualify for rental assistance programs that target Extremely Low Income households.	$14,580	$19,720	$24,860	$30,000	$35,140	$39,950	$42,700	$45,450
50% AMI Income Limits Renters earning up to 50% of the Guntown AMI may qualify for rental assistance programs that target Very Low Income households.	$24,100	$27,550	$31,000	$34,400	$37,200	$39,950	$42,700	$45,450
80% AMI Income Limits Renters earning up to 80% of the Guntown AMI may qualify for rental assistance programs that target Low Income households.	$38,550	$44,050	$49,550	$55,050	$59,500	$63,900	$68,300	$72,700