Low Income Apartments For Rent in Diaz, AR

Rental assistance programs support 0 low-income homes in Diaz where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $301 towards rent each month.

Affordable rent data for some communities last confirmed on April 23rd, 2021. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Diaz, Arkansas

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
White River Regional Housing Authority	Section 8 Housing Choice Voucher (HCV); Public Housing

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

Diaz, Arkansas Affordable Housing Data

Income Based Apartments in Diaz, Arkansas

Diaz features 0 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 Diaz, Arkansas

There are 6 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Diaz.

Housing Choice Vouchers in Diaz, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Diaz, Arkansas for a two-bedroom apartment is between $733 and $895.

2024 Diaz, 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
Diaz, Arkansas Fair Market Rent	$604	$620	$814	$984	$1,148
Diaz, Arkansas Payment Standard Range	$544 to $664	$558 to $682	$733 to $895	$886 to $1,082	$1,033 to $1,263

Sourced from federal housing data and AffordableHousingOnline.com research.

Diaz, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 2

Total Low Income Apartments 7

Total Housing Units with Rental Assistance 0

Percentage of Housing Units Occupied By Renters 38.73%

Average Renter Household Size 2.57

Average Household Size 2.49

Median Household Income $30,144 ±$3,275

Median Rent $622 ±$117

Percentage Of Renters Overburdened 63.18% ± 16.37pp

Total Population 1,414

Total Affordable Apartment Properties	2
Total Low Income Apartments	7
Total Housing Units with Rental Assistance	0
Percentage of Housing Units Occupied By Renters	38.73%
Average Renter Household Size	2.57
Average Household Size	2.49
Median Household Income	$30,144 ±$3,275
Median Rent	$622 ±$117
Percentage Of Renters Overburdened	63.18% ± 16.37pp
Total Population	1,414

Population and Household Demographics

Diaz is a city in Jackson County, Arkansas with a population of 1,414. There are 568 households in the city with an average household size of 2.49 persons. 38.73% of households in Diaz are renters.

Income and Rent Overburden in Diaz

The median gross income for households in Diaz is $30,144 a year, or $2,512 a month. The median rent for the city is $622 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Diaz, a household making less than $2,073 a month would be considered overburdened when renting an apartment at or above the median rent. 63.18% of households who rent are overburdened in Diaz.

Area Median Income In Diaz

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 Diaz, the AMI is calculated from all households within Jackson County.

In Diaz, HUD calculates the Area Median Income for a family of four as $59,600

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 Diaz

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 Diaz

	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 Diaz AMI may qualify for rental assistance programs that target Extremely Low Income households.	$14,580	$19,720	$24,860	$30,000	$34,250	$36,800	$39,350	$41,850
50% AMI Income Limits Renters earning up to 50% of the Diaz AMI may qualify for rental assistance programs that target Very Low Income households.	$22,200	$25,400	$28,550	$31,700	$34,250	$36,800	$39,350	$41,850
80% AMI Income Limits Renters earning up to 80% of the Diaz AMI may qualify for rental assistance programs that target Low Income households.	$35,500	$40,600	$45,650	$50,700	$54,800	$58,850	$62,900	$66,950