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There are 25 low-income apartments in Clark County that offer reduced rents to eligible households. Low-income rents in Clark County, Arkansas can range from $640 to $776 depending on the number of bedrooms.
Rental assistance programs support 439 low-income homes in Clark County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $293 towards rent each month.
Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.
Clark County, Arkansas Affordable Housing Data
Income Based Apartments in Clark County, Arkansas
Clark County features 439 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 Clark County, Arkansas
There are 25 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Clark County.
Housing Choice Vouchers in Clark County, Arkansas
On average, Section 8 Housing Choice vouchers pay Clark County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Clark County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Clark County, Arkansas for a two-bedroom apartment is between $733 and $895.
2024 Clark County, Arkansas 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 | |
|---|---|---|---|---|---|
| Clark County, Arkansas Fair Market Rent | $665 | $712 | $814 | $1,140 | $1,293 |
| Clark County, Arkansas Payment Standard Range | $599 to $732 | $641 to $783 | $733 to $895 | $1,026 to $1,254 | $1,164 to $1,422 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Clark County, AR Affordable Housing Snapshot
| Total Affordable Apartment Properties | 14 |
|---|---|
| Total Low Income Apartments | 465 |
| Total Housing Units with Rental Assistance | 439 |
| Percentage of Housing Units Occupied By Renters | 36.52% |
| Average Renter Household Size | 2.09 |
| Average Household Size | 2.28 |
| Median Household Income | $35,031 ±$2,501 |
| Median Rent | $580 ±$27 |
| Percentage Of Renters Overburdened | 43.41% ± 7.04pp |
| Total Population | 22,751 |
Population and Household Demographics
Clark County is a county in Arkansas with a population of 22,751. There are 8,681 households in the county with an average household size of 2.28 persons. 36.52% of households in Clark County are renters.
Income and Rent Overburden in Clark County
The median gross income for households in Clark County is $35,031 a year, or $2,919 a month. The median rent for the county is $580 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Clark County, a household making less than $1,933 a month would be considered overburdened when renting an apartment at or above the median rent. 43.41% of households who rent are overburdened in Clark County.
Area Median Income In Clark County
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.
In Clark County, HUD calculates the Area Median Income for a family of four as $69,400
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 Clark County
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 Clark County
| 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 Clark County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$14,580 | $19,720 | $24,860 | $30,000 | $35,140 | $40,100 | $42,850 | $45,650 |
| 50% AMI Income Limits Renters earning up to 50% of the Clark County AMI may qualify for rental assistance programs that target Very Low Income households. |
$24,200 | $27,650 | $31,100 | $34,550 | $37,350 | $40,100 | $42,850 | $45,650 |
| 80% AMI Income Limits Renters earning up to 80% of the Clark County AMI may qualify for rental assistance programs that target Low Income households. |
$38,750 | $44,250 | $49,800 | $55,300 | $59,750 | $64,150 | $68,600 | $73,000 |
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