How many renters live in Bentonville, Arkansas?
The City of Bentonville has 54,513 people living in 20,841 households.
There are 22,147 renters living in 9,970 renter households in this City. Renters make up 40.63 percent of the population living in Bentonville.
What is the rental market like in Bentonville, Arkansas?
There are an estimated 22,861 housing units in the Bentonville area. Of these, 11,047 units are rental homes, making up 48 percent of the housing market. For every renter household in Bentonville, Arkansas, there are 1 rental units.
What is the vacancy rate for rentals in Bentonville?
The rental vacancy rate in Bentonville is 8 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 Bentonville for each bedroom size?
Occupied Rental Units by Size in Bentonville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 211 | 2,577 | 3,873 | 2,388 | 863 |
Occupied Rental Units by Size in Bentonville
A large number of apartments in Bentonville 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 Bentonville are overburdened by housing costs?
Among renter households in this market, 25 percent have housing cost burden. Further, 10 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 Bentonville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $871 to $1,847. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $871 |
| One BR | $924 |
| Two BR | $1,121 |
| Three BR | $1,580 |
| Four BR | $1,847 |
2024 Fair Market Rents in Bentonville, Arkansas
How many units are rented at Fair Market Rent (FMR) in Bentonville?
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 | 89 | 42 percent |
| One BR | 1,029 | 40 percent |
| Two BR | 2,031 | 52 percent |
Rental Units Below FMR in Bentonville, Arkansas
How many affordable rental units are in Bentonville?
There are a variety of federal affordable housing programs serving households in Bentonville, Arkansas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 1,166 |
| Section 202 Supportive Housing for the Elderly | 36 |
| USDA Section 515 Rural Rental Housing | 48 |
Tracked Units by Federal Program in Bentonville, Arkansas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Bentonville, Arkansas
Bentonville features 48 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 Bentonville, Arkansas
There are 368 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bentonville.
Housing Choice Vouchers in Bentonville, Arkansas
On average, Section 8 Housing Choice vouchers pay Bentonville landlords $400 per month towards rent. The average voucher holder contributes $400 towards rent in Bentonville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bentonville, Arkansas for a two-bedroom apartment is between $1,009 and $1,233.
Sourced from federal housing data and AffordableHousingOnline.com research.
