Low Income Apartments and Affordable Housing For Rent in Heber Springs, AR

Discover affordable housing in Heber Springs where there are 7+ 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.

Valley Estates of Heber Springs

723 N Van Buren St, Heber Springs, Arkansas 72543

Edgehill Apartments

1715 W Searcy St, Heber Springs, Arkansas 72543

Broadway Terrace Apartments

1310 N Broadway St, Heber Springs, Arkansas 72543

Peaceful Shores

1712 W Searcy St, Heber Springs, Arkansas 72543

Westhill Apartments I

111 Westhill Dr., Heber Springs, Arkansas

Watson-Adcock Apts

Frauenthal St., Heber Springs, Arkansas

1 Park Cir

1 Park Cir, Heber Springs, Arkansas 72543

Open Until Further Notice

Reported On February 23rd, 2024 by Chris Madden

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Heber Springs, Arkansas
$16.59/hour
$5.59 (+51%) more than Arkansas minimum wage and $9.34 (+129%) more than the Federal minimum wage.
Learn More About Heber Springs, Arkansas Affordable Housing ↓

What HUD offices serve Heber Springs, 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 Heber Springs, Arkansas.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Heber Springs, Arkansas.

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

How many renters live in Heber Springs, Arkansas?

The City of Heber Springs has 7,066 people living in 3,084 households.

There are 2,673 renters living in 1,045 renter households in this City. Renters make up 37.83 percent of the population living in Heber Springs.

What is the rental market like in Heber Springs, Arkansas?

There are an estimated 3,539 housing units in the Heber Springs area. Of these, 1,106 units are rental homes, making up 31 percent of the housing market. For every renter household in Heber Springs, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Heber Springs?

The rental vacancy rate in Heber Springs is 6 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 Heber Springs for each bedroom size?

Occupied Rental Units by Size in Heber Springs
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 73 523 397 52
Occupied Rental Units by Size in Heber Springs

A large number of apartments in Heber Springs 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 Heber Springs are overburdened by housing costs?

Among renter households in this market, 32 percent have housing cost burden. Further, 7 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 Heber Springs

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $650 to $1,167. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $650
One BR $667
Two BR $876
Three BR $1,089
Four BR $1,167
2024 Fair Market Rents in Heber Springs, Arkansas

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

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 62 85 percent
Two BR 314 60 percent
Rental Units Below FMR in Heber Springs, Arkansas

How many affordable rental units are in Heber Springs?

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

Federal Program Unit Count
Low Income Housing Tax Credit 88
Public Housing 70
Section 8 Project-Based Rental Assistance 20
USDA Section 515 Rural Rental Housing 90
Tracked Units by Federal Program in Heber Springs, Arkansas

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

Income Based Apartments in Heber Springs, Arkansas

Heber Springs features 212 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 Heber Springs, Arkansas

There are 10 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Heber Springs.

Housing Choice Vouchers in Heber Springs, Arkansas

On average, Section 8 Housing Choice vouchers pay Heber Springs landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in Heber Springs.

The maximum amount a voucher would pay on behalf of a low-income tenant in Heber Springs, Arkansas for a two-bedroom apartment is between $788 and $964.

Sourced from federal housing data and AffordableHousingOnline.com research.