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Mississippi

USDA rental housing in Neshoba County, MS

4 properties in Neshoba County have USDA Section 515 or 514 financing: 121 apartments in Philadelphia. 117 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.

4properties
121apartments
117rental assistance units
18vacant units reported

Equal housing opportunity. Properties financed by USDA Rural Development must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin. If you believe you were treated unfairly, you can file a complaint with HUD at 1-800-669-9777 or with USDA at 866-632-9992.

Open Country does not own, manage or rent these properties and does not take applications. Contact each property's management company for availability, rents and eligibility. Listings come from USDA's public data and may be out of date.

Hillcrest Apt

105 Saint Francis Dr, Philadelphia, MS 39350

Family · 32 2BR

Managed by Ch Mgmt Co

Units
32
Rental assistance
31
Vacant
10
Accessible
0
Opened
1979

NW Phila Apt

412 Coleman St, Philadelphia, MS 39350

Family · 8 1BR, 16 2BR

Managed by J & A Mgmt

Units
24
Rental assistance
23
Vacant
5
Accessible
2
Opened
1985

Philadelphia LP

305 Pearl Street, Philadelphia, MS 39350

Family · 41 2BR

Managed by Intervest Corp

Units
41
Rental assistance
40
Vacant
2
Accessible
1
Opened
1994

Silverhill Eld Hsg

111 Saint Francis Dr, Philadelphia, MS 39350

Elderly · 22 1BR, 2 2BR

Managed by Delta Property Management, INC

Units
24
Rental assistance
23
Vacant
1
Accessible
0
Opened
1994

Source: USDA Rural Development, Section 515/514 active properties file (data as of October 19, 2026). Vacancies are as USDA last recorded them, not live availability.

Who can rent here

USDA-financed apartments are for very low, low and moderate income households (7 CFR 3560.152), and elderly and congregate properties also require a household that meets USDA's definition of elderly. In a unit with USDA rental assistance, the tenant pays the highest of 30% of monthly adjusted income, 10% of gross monthly income or a welfare shelter allowance, and the assistance covers the rest of the rent (7 CFR 3560.203). Each property's manager checks income against USDA's limits for the area when you apply and can tell you whether a unit with rental assistance is open.

For owners and buyers

All 4 are limited-profit. 2 also have housing tax credits. 1 serves elderly tenants. Owners of aging 515 properties can use a Section 538 guaranteed loan to finance a transfer and rehab, at USDA's lower 60 and 25 basis point preservation fees. How 515 transfers work with 538.

Watch a property for maturity or prepayment

Pick a Neshoba County property. We'll email when USDA's monthly file shows its use-restriction date, rental assistance, unit count or ownership type change, or when it drops out of the active portfolio, which is what happens when the loan is prepaid or paid off.

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Every property in one file: 515/514 portfolio download (CSV and JSON).