Low Income Apartments and Affordable Housing For Rent in Hermitage, AR

Discover affordable housing in Hermitage where there are 1+ 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.

Hermitage Apt

600 Walnut Street, Hermitage, Arkansas

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Hermitage, Arkansas
$15.42/hour
$4.42 (+40%) more than Arkansas minimum wage and $8.17 (+113%) more than the Federal minimum wage.
Learn More About Hermitage, Arkansas Affordable Housing ↓

How many renters live in Hermitage, Arkansas?

The City of Hermitage has 484 people living in 185 households.

There are 259 renters living in 123 renter households in this City. Renters make up 53.51 percent of the population living in Hermitage.

What is the rental market like in Hermitage, Arkansas?

There are an estimated 342 housing units in the Hermitage area. Of these, 216 units are rental homes, making up 63 percent of the housing market. For every renter household in Hermitage, Arkansas, there are 2 rental units.

What is the vacancy rate for rentals in Hermitage?

The rental vacancy rate in Hermitage is 40 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 Hermitage for each bedroom size?

Occupied Rental Units by Size in Hermitage
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 23 56 44 0
Occupied Rental Units by Size in Hermitage

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

Among renter households in this market, 23 percent have housing cost burden. Further, 4 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 Hermitage

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 $645
Two BR $814
Three BR $1,147
Four BR $1,148
2024 Fair Market Rents in Hermitage, Arkansas

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

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 14 61 percent
Two BR 56 100 percent
Rental Units Below FMR in Hermitage, Arkansas

How many affordable rental units are in Hermitage?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 127
Tracked Units by Federal Program in Hermitage, Arkansas

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

Income Based Apartments in Hermitage, Arkansas

Hermitage features 127 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 Hermitage, Arkansas

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hermitage.

Housing Choice Vouchers in Hermitage, Arkansas

On average, Section 8 Housing Choice vouchers pay Hermitage landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Hermitage.

The maximum amount a voucher would pay on behalf of a low-income tenant in Hermitage, Arkansas for a two-bedroom apartment is between $733 and $895.

Sourced from federal housing data and AffordableHousingOnline.com research.