What HUD offices serve Fordyce, 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 Fordyce.
How many renters live in Fordyce, Arkansas?
The City of Fordyce has 3,386 people living in 1,040 households.
There are 1,319 renters living in 445 renter households in this City. Renters make up 38.95 percent of the population living in Fordyce.
What is the rental market like in Fordyce, Arkansas?
There are an estimated 1,613 housing units in the Fordyce area. Of these, 644 units are rental homes, making up 40 percent of the housing market. For every renter household in Fordyce, Arkansas, there are 1 rental units.
What is the vacancy rate for rentals in Fordyce?
The rental vacancy rate in Fordyce is 31 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 Fordyce for each bedroom size?
Occupied Rental Units by Size in Fordyce
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 157 | 85 | 152 | 51 |
Occupied Rental Units by Size in Fordyce
A large number of apartments in Fordyce 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 Fordyce are overburdened by housing costs?
Among renter households in this market, 33 percent have housing cost burden. Further, 18 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 Fordyce
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 | $620 |
| Two BR | $814 |
| Three BR | $1,147 |
| Four BR | $1,148 |
2024 Fair Market Rents in Fordyce, Arkansas
How many units are rented at Fair Market Rent (FMR) in Fordyce?
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 | 141 | 90 percent |
| Two BR | 61 | 72 percent |
Rental Units Below FMR in Fordyce, Arkansas
How many affordable rental units are in Fordyce?
There are a variety of federal affordable housing programs serving households in Fordyce, Arkansas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 24 |
| Section 8 Project-Based Rental Assistance | 56 |
| Section 202 Supportive Housing for the Elderly | 16 |
| Section 811 Supportive Housing for Persons with Disabilities | 14 |
| USDA Section 515 Rural Rental Housing | 32 |
Tracked Units by Federal Program in Fordyce, Arkansas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Fordyce, Arkansas
Fordyce features 120 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 Fordyce, Arkansas
There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fordyce.
Housing Choice Vouchers in Fordyce, Arkansas
On average, Section 8 Housing Choice vouchers pay Fordyce landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Fordyce.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fordyce, Arkansas for a two-bedroom apartment is between $733 and $895.
Sourced from federal housing data and AffordableHousingOnline.com research.
