Low Income Apartments For Rent in Mcrae, AR

Rental assistance programs support 36 low-income homes in Mcrae where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $-4 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 Mcrae, 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
McRae Housing Authority	Public Housing
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 Mcrae.

Mcrae, Arkansas Affordable Housing Data

Income Based Apartments in Mcrae, Arkansas

Mcrae features 36 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 Mcrae, Arkansas

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mcrae.

Housing Choice Vouchers in Mcrae, Arkansas

On average, Section 8 Housing Choice vouchers pay Mcrae landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Mcrae.

The maximum amount a voucher would pay on behalf of a low-income tenant in Mcrae, Arkansas for a two-bedroom apartment is between $769 and $939.

2024 Mcrae, 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
Mcrae, Arkansas Fair Market Rent	$604	$704	$854	$1,133	$1,272
Mcrae, Arkansas Payment Standard Range	$544 to $664	$634 to $774	$769 to $939	$1,020 to $1,246	$1,145 to $1,399

Sourced from federal housing data and AffordableHousingOnline.com research.

Mcrae, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 2

Total Low Income Apartments 36

Total Housing Units with Rental Assistance 36

Percentage of Housing Units Occupied By Renters 38.14%

Average Renter Household Size 2.54

Average Household Size 2.54

Median Household Income $31,964 ±$10,130

Median Rent $438 ±$103

Percentage Of Renters Overburdened 28.83% ± 12.84pp

Total Population 740

Total Affordable Apartment Properties	2
Total Low Income Apartments	36
Total Housing Units with Rental Assistance	36
Percentage of Housing Units Occupied By Renters	38.14%
Average Renter Household Size	2.54
Average Household Size	2.54
Median Household Income	$31,964 ±$10,130
Median Rent	$438 ±$103
Percentage Of Renters Overburdened	28.83% ± 12.84pp
Total Population	740

Population and Household Demographics

Mcrae is a city in White County, Arkansas with a population of 740. There are 291 households in the city with an average household size of 2.54 persons. 38.14% of households in Mcrae are renters.

Income and Rent Overburden in Mcrae

The median gross income for households in Mcrae is $31,964 a year, or $2,664 a month. The median rent for the city is $438 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mcrae, a household making less than $1,460 a month would be considered overburdened when renting an apartment at or above the median rent. 28.83% of households who rent are overburdened in Mcrae.

Area Median Income In Mcrae

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 Mcrae, the AMI is calculated from all households within White County.

In Mcrae, HUD calculates the Area Median Income for a family of four as $69,700

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 Mcrae

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 Mcrae

	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 Mcrae AMI may qualify for rental assistance programs that target Extremely Low Income households.	$14,580	$19,720	$24,860	$30,000	$34,850	$37,450	$40,000	$42,600
50% AMI Income Limits Renters earning up to 50% of the Mcrae AMI may qualify for rental assistance programs that target Very Low Income households.	$22,600	$25,800	$29,050	$32,250	$34,850	$37,450	$40,000	$42,600
80% AMI Income Limits Renters earning up to 80% of the Mcrae AMI may qualify for rental assistance programs that target Low Income households.	$36,100	$41,250	$46,400	$51,550	$55,700	$59,800	$63,950	$68,050