What HUD offices serve Cotton Plant, 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 Cotton Plant.
How many renters live in Cotton Plant, Arkansas?
The City of Cotton Plant has 425 people living in 217 households.
There are 214 renters living in 110 renter households in this City. Renters make up 50.35 percent of the population living in Cotton Plant.
What is the rental market like in Cotton Plant, Arkansas?
There are an estimated 302 housing units in the Cotton Plant area. Of these, 129 units are rental homes, making up 43 percent of the housing market. For every renter household in Cotton Plant, Arkansas, there are 1 rental units.
What is the vacancy rate for rentals in Cotton Plant?
The rental vacancy rate in Cotton Plant is 15 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 Cotton Plant for each bedroom size?
Occupied Rental Units by Size in Cotton Plant
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 32 | 48 | 26 | 4 |
Occupied Rental Units by Size in Cotton Plant
A large number of apartments in Cotton Plant 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 Cotton Plant are overburdened by housing costs?
Among renter households in this market, 59 percent have housing cost burden. Further, 41 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 Cotton Plant
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $604 to $1,148. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $604 |
| One BR | $646 |
| Two BR | $814 |
| Three BR | $1,078 |
| Four BR | $1,148 |
2024 Fair Market Rents in Cotton Plant, Arkansas
How many units are rented at Fair Market Rent (FMR) in Cotton Plant?
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 |
| One BR | 30 | 94 percent |
| Two BR | 47 | 98 percent |
Rental Units Below FMR in Cotton Plant, Arkansas
How many affordable rental units are in Cotton Plant?
There are a variety of federal affordable housing programs serving households in Cotton Plant, Arkansas including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 22 |
| USDA Section 515 Rural Rental Housing | 22 |
Tracked Units by Federal Program in Cotton Plant, Arkansas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Cotton Plant, Arkansas
Cotton Plant features 58 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 Cotton Plant, Arkansas
There are 22 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cotton Plant.
Housing Choice Vouchers in Cotton Plant, Arkansas
On average, Section 8 Housing Choice vouchers pay Cotton Plant landlords $300 per month towards rent. The average voucher holder contributes $200 towards rent in Cotton Plant.
The maximum amount a voucher would pay on behalf of a low-income tenant in Cotton Plant, Arkansas for a two-bedroom apartment is between $733 and $895.
Sourced from federal housing data and AffordableHousingOnline.com research.
