Low Income Apartments and Affordable Housing For Rent in Ozark, AR

Discover affordable housing in Ozark where there are 4+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Gardenwalk of Ozarkiii

1951 W Commercial St, Ozark, Arkansas 72949

Ozark

310 N 6th St, Ozark, Arkansas 72949

Gardenwalk on Second

812 North 2nd, Ozark, Arkansas

Powell, Joe

6900 Powell Drive, Ozark, Arkansas

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Ozark, Arkansas
$15.42/hour
$4.42 (+40%) more than Arkansas minimum wage and $8.17 (+113%) more than the Federal minimum wage.
Learn More About Ozark, Arkansas Affordable Housing ↓

What HUD offices serve Ozark, 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.

Operates the Public Housing programs for Ozark, Arkansas.
Operates the Public Housing programs for Ozark, Arkansas.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Ozark, Arkansas.

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

How many renters live in Ozark, Arkansas?

The City of Ozark has 3,546 people living in 1,361 households.

There are 1,856 renters living in 842 renter households in this City. Renters make up 52.34 percent of the population living in Ozark.

What is the rental market like in Ozark, Arkansas?

There are an estimated 1,660 housing units in the Ozark area. Of these, 980 units are rental homes, making up 59 percent of the housing market. For every renter household in Ozark, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Ozark?

The rental vacancy rate in Ozark is 14 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Ozark for each bedroom size?

Occupied Rental Units by Size in Ozark
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
20 78 468 276 0
Occupied Rental Units by Size in Ozark

A large number of apartments in Ozark have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Ozark are overburdened by housing costs?

Among renter households in this market, 34 percent have housing cost burden. Further, 21 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Ozark

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $638 to $1,381. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $638
One BR $642
Two BR $814
Three BR $1,007
Four BR $1,381
2024 Fair Market Rents in Ozark, Arkansas

How many units are rented at Fair Market Rent (FMR) in Ozark?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 11 55 percent
One BR 72 92 percent
Two BR 369 79 percent
Rental Units Below FMR in Ozark, Arkansas

How many affordable rental units are in Ozark?

There are a variety of federal affordable housing programs serving households in Ozark, Arkansas including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 68
Public Housing 40
USDA Section 515 Rural Rental Housing 69
Tracked Units by Federal Program in Ozark, Arkansas

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Ozark, Arkansas

Ozark features 109 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 Ozark, Arkansas

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

Housing Choice Vouchers in Ozark, Arkansas

On average, Section 8 Housing Choice vouchers pay Ozark landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Ozark.

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

Sourced from federal housing data and AffordableHousingOnline.com research.