Mississippi

USDA rental housing in Panola County, MS

9 properties in Panola County have USDA Section 515 or 514 financing: 292 apartments across 3 towns. 231 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.

9properties
292apartments
231rental assistance units
60vacant 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 Listings come from USDA's public data and may be out of date.

Batesville Assoc

155 Stagecoach RD, Batesville, MS 38606

Family · 28 2BR

Managed by J & A Mgmt

Units
28
Rental assistance
19
Vacant
3
Accessible
0
Opened
1979

Batesville Eld

111 Eureka St, Batesville, MS 38606

Elderly · 22 1BR, 2 2BR

Managed by J & A Mgmt

Units
24
Rental assistance
24
Vacant
2
Accessible
0
Opened
1981

Batesville Fam LP Westridge Apts

214 Tubbs RD, Batesville, MS 38606

Family · 8 1BR, 32 2BR, 8 3BR

Managed by J & A Mgmt

Units
48
Rental assistance
13
Vacant
41
Accessible
0
Opened
1990

North Park Apt C/o J & A Mgmt

206 Tubbs RD, Batesville, MS 38606

Family · 8 1BR, 32 2BR, 8 3BR

Managed by J & A Mgmt

Units
48
Rental assistance
47
Vacant
3
Accessible
0
Opened
1983

Timberidge Apts C/o Delta Prop Mgmt

211 Tubbs RD, Batesville, MS 38606

Family · 24 2BR, 8 3BR

Managed by Delta Property Management, INC

Units
32
Rental assistance
22
Vacant
4
Accessible
0
Opened
1991

Como Properties Ltd Heather Est

101 Warren St, Como, MS 38619

Family · 8 1BR, 16 2BR

Managed by J & A Mgmt

Units
24
Rental assistance
23
Vacant
2
Accessible
0
Opened
1986

Belmont Road II LP

799 Belmont RD, Sardis, MS 38666

Family · 8 1BR, 36 2BR, 4 3BR

Managed by J & A Mgmt

Units
48
Rental assistance
47
Vacant
3
Accessible
0
Opened
1983

Cross Creek Apts

22700 Highway 51 North, Sardis, MS 38666

Elderly · 8 1BR, 12 2BR

Managed by Maco Management Co INC

Units
20
Rental assistance
20
Vacant
0
Accessible
2
Opened
2006

Sardis Apts C/o J&a Management

701 S Pocahontas St, Sardis, MS 38666

Family · 20 2BR

Managed by J & A Mgmt

Units
20
Rental assistance
16
Vacant
2
Accessible
0
Opened
1978

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 9 are limited-profit. 3 also have housing tax credits. 2 serve 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 Panola 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).