How many renters live in Arco, Idaho?
The City of Arco has 749 people living in 300 households.
There are 183 renters living in 87 renter households in this City. Renters make up 24.43 percent of the population living in Arco.
What is the rental market like in Arco, Idaho?
There are an estimated 451 housing units in the Arco area. Of these, 120 units are rental homes, making up 27 percent of the housing market. For every renter household in Arco, Idaho, there are 1 rental units.
What is the vacancy rate for rentals in Arco?
The rental vacancy rate in Arco is 21 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 Arco for each bedroom size?
Occupied Rental Units by Size in Arco
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 6 | 8 | 47 | 26 | 0 |
Occupied Rental Units by Size in Arco
A large number of apartments in Arco 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 Arco are overburdened by housing costs?
Among renter households in this market, 53 percent have housing cost burden. Further, 21 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 Arco
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $721 to $1,690. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $721 |
| One BR | $819 |
| Two BR | $996 |
| Three BR | $1,344 |
| Four BR | $1,690 |
2024 Fair Market Rents in Arco, Idaho
How many units are rented at Fair Market Rent (FMR) in Arco?
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 | 5 | 83 percent |
| One BR | 8 | 100 percent |
| Two BR | 44 | 94 percent |
Rental Units Below FMR in Arco, Idaho
How many affordable rental units are in Arco?
There are a variety of federal affordable housing programs serving households in Arco, Idaho including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 23 |
Tracked Units by Federal Program in Arco, Idaho
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Arco, Idaho
Arco features 24 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 Arco, Idaho
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Arco.
Housing Choice Vouchers in Arco, Idaho
On average, Section 8 Housing Choice vouchers pay Arco landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Arco.
The maximum amount a voucher would pay on behalf of a low-income tenant in Arco, Idaho for a two-bedroom apartment is between $896 and $1,096.
Sourced from federal housing data and AffordableHousingOnline.com research.
