What HUD offices serve Conway County, 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.
Go to the Arkansas Public Housing and Low-Income Apartments Waiting Lists page for openings near Conway County.
How many renters live in Conway County, Arkansas?
The County of Conway County has people living in households.
There are renters living in renter households in this County. Renters make up 28.87 percent of the population living in Conway County.
What is the rental market like in Conway County, Arkansas?
There are an estimated housing units in the Conway County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Conway County, Arkansas, there are 1.03 rental units.
What is the vacancy rate for rentals in Conway County?
The rental vacancy rate in Conway County is 3 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Conway County for each bedroom size?
Occupied Rental Units by Size in Conway County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 208 | 205 | 1,076 | 930 | 230 |
Occupied Rental Units by Size in Conway County
A large number of apartments in Conway County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Conway County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $604 to $1,233. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $604 |
| One BR | $620 |
| Two BR | $814 |
| Three BR | $1,147 |
| Four BR | $1,233 |
2024 Fair Market Rents in Conway County, Arkansas
How many units are rented at Fair Market Rent (FMR) in Conway County?
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 | 205 | 99 percent |
| One BR | 132 | 64 percent |
| Two BR | 686 | 64 percent |
Rental Units Below FMR in Conway County, Arkansas
How many affordable rental units are in Conway County?
There are a variety of federal affordable housing programs serving households in Conway County, Arkansas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Conway County, Arkansas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Conway County, Arkansas
Conway County features 336 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 Conway County, Arkansas
There are 92 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Conway County.
Housing Choice Vouchers in Conway County, Arkansas
On average, Section 8 Housing Choice vouchers pay Conway County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Conway County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Conway County, Arkansas for a two-bedroom apartment is between $733 and $895.
Sourced from federal housing data and AffordableHousingOnline.com research.
